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Heertje, Arnold - In: Journal of Economic Studies 23 (1996) October, pp. 48-57

Goes back to thinking on the price theory of oligopoly in 1960. In particular, is concerned with Stackelberg …’s oligopoly theory. Presents a careful description of the development of Stackelberg’s analysis. Takes into account his … mathematical appendix. Confronts the theory with game theory and concludes that in a dynamic game a Nash-Cournot equilibrium will …

Persistent link: https://www.econbiz.de/10005003340

Customer Service Quality and Incomplete Information in Mobile Telecommunications: A Game Theoretical Approach to Consumer Protection

perez-amaral, teodosio; Zorzano, Rafael López; … - Facultad de Ciencias Económicas y Empresariales, … - 2012

There is growing evidence that low-quality customer service prevails in the mobile telecommunications industry. In this paper we provide theoretical support to this empirical observation by using simple game theoretical models where inefficient low-quality service levels are part of an...

Persistent link: https://www.econbiz.de/10010800876

GAME THEORY:A Nontechnical Introduction to the Analysis of Strategy(Revised Edition)

McCain, Roger A - World Scientific Publishing Co. Pte. Ltd.

This book serves as an introduction to game theory for students with no prior game theory knowledge, or with limited … approach to game theory, while simultaneously exploring cooperative games, repeated play, correlated equilibrium, and a range …

Persistent link: https://www.econbiz.de/10008773980

Technical Compatibility and the Mode of Foreign Entry under Network Externalities

Klimenko, Mikhail; Saggi, Kamal - Georgia Institute of Technology; Southern Methodist … - 2004

This paper examines the preferences of a foreign firm and awelfare-maximizing host country government over two modes of foreigndirect investment (FDI): de novo entry by the foreign firm andacquisition of the domestic incumbent. Two crucial features of the modelare the presence of network...

Persistent link: https://www.econbiz.de/10009435076

Imperfect Platform Competition: A General Framework

White, Alexander; Weyl, E. Glen - Harvard University; Harvard University and Toulouse … - 2010

We propose a general model of imperfect competition among multi-productfirms, the consumption of whose goods yields externalities from oneconsumer to another. We extend the allocation approach of Weyl (2010)'smonopoly model, proposing a solution concept, Insulated Equilibrium,that allows for...

Persistent link: https://www.econbiz.de/10009435179

Green Markets, Eco-Certification, and Equilibrium Fraud

Hamilton, Stephen F.; Zilberman, David - 2006

Consumers voluntarily pay significant price premiums to acquire unobservable environmental attributes in green markets. This paper considers the performance of eco-certification policy under circumstances where consumers cannot discern environmental attributes in goods, but are able to form...

Persistent link: https://www.econbiz.de/10009485627

Wage-Employment Bargaining in a Unionized Oligopoly and International Market Integration

Gürtzgen, Nicole - Institut für Volkswirtschaftlehre, Universität Rostock - 1998

In a framework of a n-union/n-firm oligopoly, this paper analyzes the incentive for firms and unions to adopt efficient …

Persistent link: https://www.econbiz.de/10010986106

Trade liberalisation and union wages in a differentiated Bertrand duopoly

Gürtzgen, Nicole - Institut für Volkswirtschaftlehre, Universität Rostock - 2001

In a framework of a unionised international Bertrand duopoly with differentiated products, this paper analyses national labour market interdependencies and the consequences of trade liberalisation for union wages. The analysis suggests that national wages are likely to be strategic complements...

Persistent link: https://www.econbiz.de/10010986110

Can Market Discipline Work in the Case of Rating Agencies? Some Lessons from Moody’s Stock Price

Löffler, Gunter - In: Journal of Financial Services Research 43 (2013) 2, pp. 149-174

This paper examines whether the stock price of the rating agency Moody’s reacts negatively to rating actions that could indicate low rating quality. The reaction to rating reversals, which Moody’s describes as particularly damaging to investors, is economically significant. It suggests that...

Persistent link: https://www.econbiz.de/10010987883

Buyer Alliances as Countervailing Power in WIC Infant-Formula Auctions

Davis, David - In: Review of Industrial Organization 45 (2014) 2, pp. 121-138

<Para ID="Par1">State agencies in infant-formula procurement auctions receive lower bids when they are in buyer alliances than when they are unallied. The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) uses an auction to procure infant formula. Manufacturers bid on the right to be...</para>

Persistent link: https://www.econbiz.de/10010988292

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