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lose the control they implicitely exert over options in the opportunity set framework. A criterion is proposed as to … compare alternative game forms in terms of the control they offer to individuals. The CardMin criterion suggests that any game …
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The model we discuss in this note is a re-examination of the classical Bertrand model of imperfect competition. the main difference is that consumers are allowed to have some strategic behavior when deciding from which one of the two sellers to buy. We will approach the resolution of the...
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