Showing 1 - 10 of 33
. That includes mergers that are known to be unprofitable in the corresponding static equilibrium framework. …
Persistent link: https://www.econbiz.de/10010883528
for a policy aimed at discouraging domestic mergers. This implicitly assumes that the tariff in question is sufficently …
Persistent link: https://www.econbiz.de/10005545576
We study the stability of cartels in a dynamic oligopoly. We use the differential game model of an oligopoly with sticky prices (Fershtman and Kamien 1987). We show that when firms use closed-loop strategies and the rate of increase of the marginal cost is "small enough", the grand coalition...
Persistent link: https://www.econbiz.de/10008671573
The concept of Ambiguity designates those situations where the information available to the decision maker is …? The present paper fi…lls these gaps. Speci…fically, it identifi…es those information structures that are incompatible with … information. These are used to give a formal de…finition of Ambiguity and, consequently, to distinguish between ambiguous and …
Persistent link: https://www.econbiz.de/10010927917
Persistent link: https://www.econbiz.de/10005345982
Persistent link: https://www.econbiz.de/10005346016
Persistent link: https://www.econbiz.de/10005353025
Persistent link: https://www.econbiz.de/10005353037
The Model studies information sharing and the stability of cooperation in cost Research Joint Ventures (RJVs). …
Persistent link: https://www.econbiz.de/10005353055
This paper proposes an explanation of why efficient reforms are not carried out when losers have the power to plock their implementation.
Persistent link: https://www.econbiz.de/10005353057