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Galeotti, Andrea; Moraga, Jose Luis - Tinbergen Instituut - 2003

We present a strategic game of pricing and targeted-advertising. Firms cansimultaneously target priceadvertisements to different groups of customers, or to the entiremarket. Pure strategy equilibria do not exist and thus marketsegmentation cannot occur surely. Equilibria exhibit random...

Persistent link: https://www.econbiz.de/10011255542

Two Firms is enough for Competition, but Three or More is better

Janssen, Maarten C.W.; Moraga, Jose Luis - Tinbergen Instituut - 2001

We present an oligopoly model where a certain fraction of consumers engage in costly non-sequential search to discover …

Persistent link: https://www.econbiz.de/10011255756

A Note on Costly Sequential Search and Oligopoly Pricing

Janssen, Maarten C.W.; Moraga-Gonzalez, Jose Luis; … - Tinbergen Instituut - 2004

We modify the paper of Stahl (1989) [Stahl, D.O., 1989. Oligopolistic pricing with sequential consumer search. American Economic Review 79, 700–12] by relaxing the assumption that consumers obtain the first price quotation for free. When all price quotations are costly to obtain, the unique...

Persistent link: https://www.econbiz.de/10011256195

Maximum Likelihood Estimation of Search Costs

Moraga-Gonzalez, Jose Luis; Wildenbeest, Matthijs R. - Tinbergen Instituut

oligopoly and present a new maximum likelihood method to estimate search costs. We apply our method to a data set of online …

Persistent link: https://www.econbiz.de/10011256946

Consumer Search and Oligopolistic Pricing: An Empirical Investigation

Janssen, Maarten C.W.; Moraga-Gonzalez, Jose Luis; … - Tinbergen Instituut - 2004

This paper presents an empirical examination of oligopoly pricingand consumer search. The theoretical model allows for …

Persistent link: https://www.econbiz.de/10011256993

Computing Alternating Offers and Water Prices in Bilateral River Basin Management

Houba, Harold - Tinbergen Instituut - 2006

This discussion paper resulted in an article in the <I>International Game Theory Review</I> (2008), 10, 257-278.<P …> This contribution deals with the fundamental critique in Dinar et al. (1992, Theory and Decision 32) on the use of Game … theory in water management: People are reluctant to monetary transfers unrelated to water prices and game theoretic solutions …

Persistent link: https://www.econbiz.de/10011257198