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functions of each firm depend on the amounts produced by competitors. In this modified setting, proving existence of equilibria … variables take values in a totally ordered set to prove existence of equilibria in this generalized Cournot setting. …
Persistent link: https://www.econbiz.de/10010927703
The literature on supermodular optimization and games is surveyed from the perspective of potential users in economics. This methodology provides a new approach for comparative statics based only on critical assumptions, and allows a general analysis of games with strategic complementarities....
Persistent link: https://www.econbiz.de/10005008520
We consider a start-up firm which applies for a bank loan to implement a project based on complementarity activities …. The firm has the possibility to improve the complementarity effect by coordinating the activities. Coordination is costly …
Persistent link: https://www.econbiz.de/10005008608
While ordinal complementarity is more general than cardinal complementarity, the corresponding global sufficient … transformed profits can work when the global tests for ordinal and cardinal complementarity both fail. …
Persistent link: https://www.econbiz.de/10005043106
Carbon leakage in this pape ris the phenomenon whereby Electricity Intensive Industries subject to harsh environmental standards move their activity or part of it to more environmentally lenient regions. Carbon leakage has been mentioned as a possible outcome of the EU Emission Trading Scheme....
Persistent link: https://www.econbiz.de/10005043207
simple and linked with an intuitive idea of complementarity. The sufficient conditions on the payoffs are weaker than those …
Persistent link: https://www.econbiz.de/10005065407
notions of stable imputations, on the one hand, and on the other, of partial agreement Nash equilibria relative to a coalition …
Persistent link: https://www.econbiz.de/10011246306
International negotiations have failed to achieve an ambitious outcome to limit climate risks. A Cournot outcome where countries determine their mitigation commitments in the full knowledge of those by others could be an important step. It would avoid a Stackelberg (leader-follower) outcome...
Persistent link: https://www.econbiz.de/10010752810
We consider a continuous-time variant of the classical Economic Lot-Sizing (ELS) problem. In this model, the setup cost is a continuous function with lower bound $K_min 0$, the demand and holding costs are integrable functions of time and the replenishment decisions are not restricted to be...
Persistent link: https://www.econbiz.de/10011094057
stable set of equilibria introduced in Kohlberg and Mertens (1986) and satisfy all the properties defined in Mertens (1989 … set of equilibria. …
Persistent link: https://www.econbiz.de/10011094061