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The objective of this article is to investigate the impact of research and development (R&D) spillovers on cartelization of industries characterized by differentiated products. For simplicity, we focus on the duopoly market in which firms compete according to the Stackelberg leadership model....
Persistent link: https://www.econbiz.de/10011904589
Summary This essay deals with the contribution of Seitz and Stackelberg on oligopoly. Stackelberg’s theory on price … of the sixties on oligopoly theory between Krelle, Ott, Heertje, Helmstädter und Seitz. He looks back from a game …
Persistent link: https://www.econbiz.de/10014608721
This essay deals with the contribution of Seitz and Stackelberg on oligopoly. Stackelberg's theory on price leadership … the sixties on oligopoly theory between Krelle, Ott, Heertje, Helmstadter und Seitz. He looks back from a game theoretical …
Persistent link: https://www.econbiz.de/10008596490
Persistent link: https://www.econbiz.de/10014556849
Persistent link: https://www.econbiz.de/10013448481
Summary We consider a model of a price setting monopolistic firm that has to decide on a price adjustment in light of some new information about the uncertain demand for its product. It is assumed that the firm applies the so-called minimax adjustment principle for this purpose. This optimality...
Persistent link: https://www.econbiz.de/10014609004
Persistent link: https://www.econbiz.de/10011720904
We consider a model of a price setting monopolistic firm that has to decide on a price adjustment in light of some new information about the uncertain demand for its product. It is assumed that the firm applies the so-called minimax adjustment principle for this purpose. This optimality...
Persistent link: https://www.econbiz.de/10008596505
Persistent link: https://www.econbiz.de/10005760259
A-priori knowledge in form of one exact probability distribution on the parameter space is questionable. For more general forms of a-priori information so-called non-precise a-priori densities are a suitable quantitative description. This kind of a-priori information can be used in a generalized...
Persistent link: https://www.econbiz.de/10005598633