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the corresponding Cournot equilibrium. From a methodological viewpoint we make extensive use of the basic results from the …
Persistent link: https://www.econbiz.de/10010343823
' order of moves to show that i) Cournot competition is not the subgame perfect Nash equilibrium of the extended game, ii) the …
Persistent link: https://www.econbiz.de/10014075193
Several studies on mixed oligopoly indicate that the ownership pattern of firms does not affect the equilibrium price. This idea often suggests that ownership is irrelevant. In a mixed duopoly under price competition, firm ownership is irrelevant. This study reveals that ownership is irrelevant...
Persistent link: https://www.econbiz.de/10012990802
We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect …
Persistent link: https://www.econbiz.de/10008822617
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where … differential game and investigate (i) the Cournot-Nash game among profit-seeking firms; (ii) the Markov Perfect Nash equilibrium …
Persistent link: https://www.econbiz.de/10011737230
This paper characterizes the Nash equilibrium in a pay-as-bid (discriminatory), divisible-good, procurement auction. Demand by the auctioneer is uncertain as in the supply function equilibrium model. A closed form expression is derived. Existence of an equilibrium is ensured if the hazard rate...
Persistent link: https://www.econbiz.de/10014190951
This study investigates mixed markets in which a social welfare-maximizing public firm and a private firm engage in behavior-based price discrimination (BBPD). Total of two cases are considered: one where domestic shareholders completely own the private firm and one where foreign shareholders...
Persistent link: https://www.econbiz.de/10013272877
We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect …
Persistent link: https://www.econbiz.de/10010333759
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...
Persistent link: https://www.econbiz.de/10011400807
outcome in the 'scoring auction'. We show that the nature of competition (Cournot or Bertrand) has no effect on the …. With corner solution the nature of competition (Cournot or Bertrand) makes a difference to the equilibrium outcomes. …
Persistent link: https://www.econbiz.de/10010253807