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We study dynamic price competition between sellers offering differentiated products with limited capacity and a common sales deadline. In every period, firms simultaneously set prices, and a randomly arriving buyer decides whether to purchase a product or leave the market. Given remaining...
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approaches initiated in other fields - such as non-linear dynamics, statistical physics, network theory, biology, computer … Theory and Econometrics - reflect from various perspectives this recent evolution. They are the outgrow from a selection of …
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The book focuses on the dynamics of nonlinear oligopoly models. It discusses the classical Cournot model with a large …
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The book focuses classical oligopoly theory as developed in 1840-1940. By the end of this period oligopoly came under … that the whole idea of rational expectations is untenable in dynamic oligopoly. Early original ideas in oligopoly theory … the spell of game theory in its probabilistic equilibrium format. Work by Cournot, von Stackelberg, Palander, and …
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