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market power. Multiple precision medicine market situations now resemble game theory constructs such as the prisoners …
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This paper extends the static analysis of oligopoly structure into an infinite-horizon setting with sunk costs and …
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Using an aggregative games approach, we analyze horizontal mergers in a model of multiproduct-firm price competition with nested CES or nested logit demands. We show that the Herfindahl index provides an adequate measure of the welfare distortions introduced by market power, and that the induced...
Persistent link: https://www.econbiz.de/10012919859
There has been a significant interest on a theoretical level in the application of supergames to oligopoly behavior …
Persistent link: https://www.econbiz.de/10013216122
than its static analog. We then test the theory using monthly production targets of the Big Three U.S. auto manufacturers …
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