Unternehmen werden nur dann ökonomisch erfolgreich sein, wenn sie nicht nur in der Lage sind, ihr Produktprogramm entsprechend der Kundenbedürfnisse zu gestalten, sondern gleichzeitig auch die Fähigkeit besitzen, ihre Leistungen durch differenzierte Preissetzung bestmöglich zu verwerten. In...

This book presents principles of physical economics, new economic discipline primarily concerned in the book with the agent-based physical modeling of the market economic systems and eventually with the elaborating of probabilistic economic theory. At the heart of physical economics and...

We study learning in a large class of complete information normal form games. Players continually face new strategic situations and must form beliefs by extrapolation from similar past situations. We characterize the long-run outcomes of learning in terms of iterated dominance in a related...

This paper analyzes multi-sender cheap talk when the state space might be restricted, either because the policy space is restricted, or the set of rationalizable policies of the receiver is not the whole space. We provide a necessary and sufficient condition for the existence of a fully...

This is an invited chapter for the forthcoming Volume 4 of the Handbook of Industrial Organization. We present empirical models of demand and supply in differentiated products industries with an emphasis on the key ideas arising from the recent applied literature. We start with a discussion of...