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This paper studies a horizontal fare-pricing competition between two airlines having a single flight leg. Two distinct scenarios are considered. First, the two airlines price competition for the pre-committed booking limits is analysed. The problem is studied under deterministic price sensitive...
Persistent link: https://www.econbiz.de/10008539542
This paper studies a horizontal fare-pricing competition between two airlines having a single flight leg. Two distinct scenarios are considered. First, the two airlines price competition for the pre-committed booking limits is analysed. The problem is studied under deterministic price sensitive...
Persistent link: https://www.econbiz.de/10005751543
Consider a general equilibrium model where agents may behave strategically. Specifically, suppose some firm issues new shares. If the primary market price is controlled by the issuing institution and investors' expectations on future equity prices are constant in their share purchases, the share...
Persistent link: https://www.econbiz.de/10005596641
This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that … information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games …, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory …
Persistent link: https://www.econbiz.de/10010681117