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for a policy aimed at discouraging domestic mergers. This implicitly assumes that the tariff in question is sufficently …
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. That includes mergers that are known to be unprofitable in the corresponding static equilibrium framework. …
Persistent link: https://www.econbiz.de/10010883528
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...
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We provide a survey of the literature on ranking sets of objects. The interpretations of those set ranking include those employed in the theory of choice under complete uncertianty, rankings of opportunity sets, set rankings that appear in matching theory, and the structure of assemly proferences.
Persistent link: https://www.econbiz.de/10005545637
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
decision variable. In this paper, we develop a simple model which introduces infrequent information in a kinked adjustment cost …
Persistent link: https://www.econbiz.de/10005729530