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Achieving Intertemporal Efficiency and Symmetry through Intratemporal Asymmetry: (Eventual) Turn Taking in a Class of Repeated Mixed-Interest Games

Mui, Vai-Lam; Lau, Sau-Him Paul - Econometric Society - 2004

Turn taking is observed in many field and laboratory settings. We study when and how turn taking can be supported as an equilibrium outcome in a class of repeated games, where the stage game is a symmetric two-player mixed-interest game with asymmetric joint-payoff-maximizing outcomes that may...

Persistent link: https://www.econbiz.de/10005702715

Merger Incentives and Inverse Matrices from Bertrand Competition

Howe, Eric; Zhao, Jingang - Econometric Society - 2004

This paper first inverts a general class of matrices for solving Bertrand equilibria from arbitrary coalition structures in linear Bertand oligopolies. It then studies merger incentives and obtains two main results; 1) for any asymmetric costs, mergers of any size are profitable; 2) a merger will...

Persistent link: https://www.econbiz.de/10005702656

Competition between market-making Intermediaries

Loertscher, Simon - Econometric Society - 2004

We introduce capacity constrained competition between market-making intermediaries in a model in which agents can choose between trading with intermediaries, joining a search market or remaining inactive. Recently, market-making by a monopolistic intermediary has been analyzed by Rust and Hall...

Persistent link: https://www.econbiz.de/10005702658

A WAY TO SELL GOODS WITH NETWORK EXTERNALITIES

SHICHIJO, Tatsuhiro; NAKAYAMA, Yuji - Econometric Society - 2004

There are a lot of goods which have network externalities. While the number of players who have such a good is small, they may not get enough utility from the goods. That is, players have an incentive to delay their decision, when they purchase the goods with network externalities. Delay causes...

Persistent link: https://www.econbiz.de/10005702752

Social Interactions in a Synchronization Game

Paula, Aureo de - Econometric Society - 2004

This paper analyzes and structurally estimates a synchronization game. Agents take part in an activity and benefit from the participation of others. Coordinated actions are fruit of correlated effects as well as endogenous interactions. Standard tools applied in optimal stopping problems for...

Persistent link: https://www.econbiz.de/10005170255

Coordination, Specialization and Incentives: An Equilibrium Model of Firm Boundaries

Mathewson, Frank; Horstmann, Ignatius J. - Econometric Society - 2004

This paper derives firm boundaries as the outcome of an equilibrium coordination mechanism. The analysis is premised on … perfectly competitive setting, this coordination activity is accomplished via a price mechanism that coordinates the decisions …, other mechanisms are required to achieve efficient coordination. We seek to explain the observation of firms and other …

Persistent link: https://www.econbiz.de/10005328943

Does Input Sector Liberalization Promote Quality Innovation and Exports?

Acharyya, Rajat; Bandyopadhyay, Swapnendu - Econometric Society - 2004

This paper examines the relationship between input sector liberalization and product quality innovation and export orientation by a LDC firm given the complementarity between high input quality and high product quality. We show that input sector liberalization per se may not induce quality...

Persistent link: https://www.econbiz.de/10005086434

Estimating Switching Costs for Heterogeneous Consumers: An Application to Wireless Number Portability

Viard, Brian; Seim, Katja - Econometric Society - 2004

This paper uses household-level data of cellular usage to provide estimates of the implied switching costs that preclude consumers from switching providers in the face of competing offers. Our estimation differs from previous switching costs studies in that we are able to observe individual...

Persistent link: https://www.econbiz.de/10005063573

An Experimental Study of Price Dispersion in a Search Model with Advertising

Datta, Shakun; Cason, Timothy N. - Econometric Society - 2004

This paper reports a laboratory experiment to study pricing and advertising behavior in a market with costly buyer search. Sellers simultaneously post prices and decide whether or not to incur an exogenous cost to advertise their price. Sellers are not capacity constrained, and each buyer...

Persistent link: https://www.econbiz.de/10005063675

Partial cross ownership and tacit collusion

Spiegel, Yossi; Gilo, David - Econometric Society - 2004

This paper shows how competing firms can facilitate tacit collusion by making passive investments in rivals. When firms are identical, only multilateral partial cross ownership (PCO) facilitates tacit collusion; the incentives of firms to collude in this case depend in a comlex way on the whole...

Persistent link: https://www.econbiz.de/10005063700

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