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In this paper we investigate a two-period Bertrand-Edgeworth oligopoly model in which two capacity-constrained firms …
Persistent link: https://www.econbiz.de/10013226891
than its static analog. We then test the theory using monthly production targets of the Big Three U.S. auto manufacturers …
Persistent link: https://www.econbiz.de/10013243651
We propose a simple method for characterising analytically the feedback solution of oligopoly games with capital … generated by open-loop information. Our method accommodates extensions of the stripped down oligopoly model in several …
Persistent link: https://www.econbiz.de/10013128173
Persistent link: https://www.econbiz.de/10003281791
Persistent link: https://www.econbiz.de/10003493323
We propose a simple method for characterising analytically the feedback solution of oligopoly games with capital … generated by open-loop information. Our method accommodates extensions of the stripped down oligopoly model in several …
Persistent link: https://www.econbiz.de/10011737241
I characterise the subgame perfect equilibrium of a differential market game with hyperbolic demand where firms are quantity-setters and accumulate capacity over time à la Ramsey. I show that the open-loop solution is subgame perfect. Then, I analyse the feasibility of horizontal mergers, and...
Persistent link: https://www.econbiz.de/10011739873
We characterise the subgame perfect equilibrium of a differential market game with hyperbolic inverse demand where firms are quantity-setters and accumulate capacity over time à la Ramsey. The related Hamilton-Jacobi-Bellman are solved in closed form both on infinite and on finite horizon...
Persistent link: https://www.econbiz.de/10011731041
than its static analog. We then test the theory using monthly production targets of the Big Three U.S. auto manufacturers …
Persistent link: https://www.econbiz.de/10012466713