Sufficient conditions for a unique price equilibrium, in terms of the uncertainty distribution and the state contingent consumer distributions, are given for spatial duopoly. Also considered are efficiency and endogenous locations for the symmetric case and comparative statics on price flexibility.

This paper analyzes the relationship between investment behavior of firms and ownership and corporate governance variables for a sample of large Ukrainian firms 2003–2007. The paper sheds light on the role of the ownership structures of firms and its effect on investment behavior via the...

We present a parametric learning model of players' dynamic and possibly out-of-equilibrium beliefs about other players' preferences that also incorporates random utility (noise). We estimate the model using the data from the four-country ultimatum game experiments of Roth et al. (1991). We find...