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On the Tacit Collusion Equilibria of an Investment Timing Game

Rubble, Richard; Versaevel, Bruno - HAL - 2008

This note further characterizes the tacit collusion equilibria in the investment timing game of Boyer, Lasserre and …

Persistent link: https://www.econbiz.de/10008788971

Investment under uncertainty, competition and regulation

Huu, Adrien Nguyen - HAL - 2013

in a duopoly model of preemptive investment. We recall the rigorous framework of [M. Grasselli, V. Leclère and M …

Persistent link: https://www.econbiz.de/10010899504

Public transport reliability and commuter strategy

Monchambert, Guillaume; Palma, André De - HAL - 2014

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

First-Degree Discrimination by a Duopoly: Pricing and Quality Choice

Encaoua, David; Hollander, Abraham - HAL - 2007

The paper examines under what conditions vertically differentiated duopolists engage in first-degree price discrimination. Each firm decides on a pricing regime at a first stage and sets prices at a second stage. The paper shows that when unit cost is an increasing and convex function of...

Persistent link: https://www.econbiz.de/10010750413

Public transport reliability and commuter strategy

Monchambert, Guillaume; Palma, André De - HAL - 2013

Persistent link: https://www.econbiz.de/10010899645

Spatial asymmetric duopoly with an application to Brussels' airports

Dunkerley, Fay; Palma, André De; Proost, Stef - HAL - 2008

connections to one facility are congested. A model is presented for this asymmetric duopoly game that can be solved for a Nash …

Persistent link: https://www.econbiz.de/10008793454

Deregulation shock in product market and unemployment

Bertinelli, Luisito; Cardi, Olivier; Sen, Partha - HAL - 2011

In a dynamic general equilibrium model with endogenous markups and labor market frictions, we investigate the effects of increased product market competition. Unlike most macroeconomic models of search, we endogenize the labor supply along the extensive margin. We show that beneficial effects in...

Persistent link: https://www.econbiz.de/10009004178

LIMITS TO GROWTH AND STOCHASTICS

Bouleau, Nicolas - HAL - 2012

The aim of this article is to use probabilistic ideas to study predictive reasoning based on hypotheses and models, but without using Ito calculus, without writing any stochastic differential equations, in fact without writing any formulas at all. The aim is to extract from the study of...

Persistent link: https://www.econbiz.de/10010899270

Optimal Transition from Coal to Gas and Renewable Power under Capacity Constraints and Adjustment Costs

Lecuyer, Oskar; Vogt-Schilb, Adrien - HAL - 2014

, gas, and renewable power plants). It finds that optimal investment in renewable energy may start before coal power has … been phased out and even before investment in gas has started, because doing so allows for smoothing investment over time … and reduces adjustment costs. Gas plants may be used to reduce short-term investment in renewable power and associated …

Persistent link: https://www.econbiz.de/10010890090

Entropy and the value of information for investors

Cabrales, Antonio; Gossner, Olivier; Serrano, Roberto - HAL - 2011

represented by the decrease in entropy of his beliefs, regardless of his preferences, initial wealth, or investment problem. We …

Persistent link: https://www.econbiz.de/10010930175