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In the presence of market power in oligopolistic environment, price discrimination is a natural phenomenon. Surprisingly this setting has not been analyzed in depth in the literature. In contrast with existing literature, e.g., Hazledine (2006) and Kutlu (2009), we consider quantity setting...
Persistent link: https://www.econbiz.de/10008784656
One thing that has been assumed for a long time is that whenever there is dominant strategy equilibrium in the game form of any mechanism and the outcome corresponding to that strategy profile is socially optimal, people will play that particular equilibrium strategy pro?le. The theory has been...
Persistent link: https://www.econbiz.de/10008784658
We consider the problem of sharing the cost of a network that meets the connection demands of a set of agents. The agents simultaneously choose paths in the network connecting their demand nodes. A mechanism splits the total cost of the network formed among the participants. We introduce two new...
Persistent link: https://www.econbiz.de/10008784659