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We study an extension of Jain and Mirman (1999) with two insiders under three different market structures : (i) Cournot … competition among the insiders, (ii) Stackelberg game between the insiders and (iii) monopoly in the real market and Stackelberg …
Persistent link: https://www.econbiz.de/10010635234
, than in the Cournot benchmark scenario. There is rent equalization, and the two firms' equilibrium value is lower. This … more value for the less constrained firm, and in less value for the follower than when they play 'a la Cournot with perfect …
Persistent link: https://www.econbiz.de/10008790627
soon as there exists a Stackelberg equilibrium that is not a Nash equilibrium, but also that there always exists at least …
Persistent link: https://www.econbiz.de/10010899560
In this paper, we study the real and financial effects of insider trading in the spirit of Jain and Mirman (1999). Unlike the previous works that address this issue, we suppose that the production of the real good is costly and depends mainly of the price of an intermediate good produced locally...
Persistent link: https://www.econbiz.de/10010635105
made by the competing jurisdictions. Following the literature on the endogenous timing in duopoly games, we consider a pre … Equilibria (SPEs) correspond to the two Stackelberg situations yielding to a coordination problem. In order to solve this issue …
Persistent link: https://www.econbiz.de/10010603667
We address in this paper the issue of leadership when two governments provide public goods to their constituencies with cross border externalities as both public goods are valued by consumers in both countries. We study a timing game between two different countries: before providing public...
Persistent link: https://www.econbiz.de/10008805924
In a homogeneous product duopoly with concave revenue and convex costs we study a two stage game in which, first, firms … competition in the second stage. Randomizing the order of play in the price subgame, we can find: (i) that the Cournot outcome can … produce strictly more than the Cournot outcome. …
Persistent link: https://www.econbiz.de/10010739046
'une mesure de la valeur, Say, Rossi, Cournot et Dupuit ont cherché, dans des voies diverses, une solution. Ces efforts les ont …
Persistent link: https://www.econbiz.de/10008789283
Lorsque les "Recherches sur les principes mathématiques de la Théorie des richesses" de Cournot paraissent en 1838 …, elles ne suscitent guère d'intérêt, si ce n'est en Allemagne où elles font l'objet d'une traduction. A l'inverse, Cournot … perception des travaux économiques de Cournot a évolué, depuis le XIXe siècle jusqu'à aujourd'hui, en identifiant les principaux …
Persistent link: https://www.econbiz.de/10008791806
This paper addresses the two-way implication between punctuality level of public transport and commuter behavior. We consider a modal competition between public transport and an alternative mode. Commuters may choose different strategies to minimize their journey cost. In particular, when the...
Persistent link: https://www.econbiz.de/10010930068