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Caruana, Guillermo - 2006

than its static analog. We then test the theory using monthly production targets of the Big Three U.S. auto manufacturers …

Persistent link: https://www.econbiz.de/10012466713

Price and Capacity Competition

Acemoglu, Daron - 2006

We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The … demands across the firms. We first establish the existence of pure strategy subgame perfect equilibria (oligopoly equilibria … oligopoly equilibria of this game can be arbitrarily low. However, if the best oligopoly equilibrium is selected (among multiple …

Persistent link: https://www.econbiz.de/10012465855

Dynamic Price Competition with Capacity Constraints

Betancourt, Jose M.; Hortaçsu, Ali; Öry, Aniko; … - National Bureau of Economic Research - 2024

We study dynamic price competition between sellers offering differentiated products with limited capacity and a common sales deadline. In every period, firms simultaneously set prices, and a randomly arriving buyer decides whether to purchase a product or leave the market. Given remaining...

Persistent link: https://www.econbiz.de/10014635636

Last-In First-Out Oligopoly Dynamics

Abbring, Jaap H. - 2009

This paper extends the static analysis of oligopoly structure into an infinite-horizon setting with sunk costs and …

Persistent link: https://www.econbiz.de/10012463973

Business Cycles and Oligopoly Supergames : Some Empirical Evidence on Prices and Margins

Domowitz, Ian - 1986

There has been a significant interest on a theoretical level in the application of supergames to oligopoly behavior …

Persistent link: https://www.econbiz.de/10012477012

Optimal Tariffs in Consistent Conjectural Variations Equilibrium

Turnovsky, Stephen J. - 1986

This paper analyzes the determination of the optimal tariff under the assumption of Consistent Conjectural Variations (CCV). A general characterization of the CCV equilibrium is given. We show that (i) there are, in general, a multiplicity of such equilibria, and (ii) under certain restrictions,...

Persistent link: https://www.econbiz.de/10012477204

An Aggregative Games Approach to Merger Analysis in Multiproduct-Firm Oligopoly

Nocke, Volker - 2018

Using an aggregative games approach, we analyze horizontal mergers in a model of multiproduct-firm price competition with nested CES or nested logit demands. We show that the Herfindahl index provides an adequate measure of the welfare distortions introduced by market power, and that the induced...

Persistent link: https://www.econbiz.de/10012453139

The Information Pharms Race and Competitive Dynamics of Precision Medicine : Insights from Game Theory

Berndt, Ernst R. - 2017

market power. Multiple precision medicine market situations now resemble game theory constructs such as the prisoners …

Persistent link: https://www.econbiz.de/10012453693

Inventive Capabilities in the Division of Innovative Labor

Arora, Ashish - 2018

We study how the inventive capability of a firm conditions its participation in a division of innovative labor. Capable firms are, by definition, able to invent; for them, external inventions substitute for their own R&D. However, external knowledge is an input into internal invention, and thus,...

Persistent link: https://www.econbiz.de/10012480704

Productivity, Market Power and Capacity Utilization When Spot Markets are Complete

Eden, Benjamin - 1991

Our test of price-taking behavior looks at the choice of capacity rather than the choice of output. It is motivated by a complete spot markets model in which goods are distinguished by the selling probabilities in addition to other characteristics. When output is explained by total man-hours and...

Persistent link: https://www.econbiz.de/10012475309