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Evolutionary dynamics on infinite strategy spaces

Oechssler, Joerg; Riedel, Frank - 1998

. Finally, we apply this general theory to a number of applications like the Nash demand game, the War of Attrition, Cournot and … Bertrand oligopoly games, and mixed strategies. -- replicator dynamics ; evolutionary stability ; continuous strategy spaces … ; oligopoly …

Persistent link: https://www.econbiz.de/10009578001

Divisionalization in contests

Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2000

To be represented by more than one contestant in a contest has advantages and disadvantages. This paper determines the conditions under which it is favorable to send several agents into the contest. -- contests ; Divisionalization ; delegation

Persistent link: https://www.econbiz.de/10009582389

Preemption in capacity and price determination : a study of endogenous timing of decisions for homogeneous markets

Güth, Sandra; Güth, Werner - 1998 - Rev.

The theory of industrial organization has experienced an impressive boom by using the methods of (non-cooperative) game … theory. The conclusions depend, however. crucially on subtle details of the market decision processes about which there exist …

Persistent link: https://www.econbiz.de/10009578566

Through trial & error to collusion

Huck, Steffen; Oechssler, Joerg; Normann, Hans-Theo - 1999

In this note we study a very simple trial & error learning process in the context of a Cournot oligopoly. Without any …

Persistent link: https://www.econbiz.de/10009580461

Private information, risk aversion, and the evolution of market research

Güth, Sandra; Güth, Werner; Müller, Wieland - 2000

On a homogeneous oligopoly market informed sellers are fully aware of market demand whereas uninformed sellers only …. -- evolution ; oligopoly ; market research ; private information …

Persistent link: https://www.econbiz.de/10009612010

Capacity choices and price competition in experimental markets

Anderhub, Vital; Güth, Werner; Kamecke, Ulrich; … - 2001

In the heterogeneous experimental oligopoly markets of this paper, sellers first choose capacities and then prices. In … setting behavior is in general consistent with the theory. Capacities converge above the Cournot level. Sellers rarely manage …

Persistent link: https://www.econbiz.de/10009612564

Implementing efficient market structure

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2000

This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the … oligopoly ; entry …

Persistent link: https://www.econbiz.de/10009583432

Price variability and price dispersion in a stable monetary environment : evidence from German retail markets

Fengler, Matthias R.; Winter, Joachim - 2000

We investigate the relationship between inflation and price variation using highly disaggregated, weekly price data for consumption goods recorded in Germany during 1995, a low inflation period. We find a significant positive correlation between the rates of price change and price dispersion,...

Persistent link: https://www.econbiz.de/10009612033

Specific institutional aspects of international cooperation : a game theoretic account

Güth, Werner - 1997

theory. Our discussion tries to elaborate the specific institutional aspects of international bargaining with interacting …

Persistent link: https://www.econbiz.de/10009661013

I want you! : an experiment studying the selection effect when assigning distributive power

Brandts, Jordi; Güth, Werner; Stiehler, Andreas - 2002

We study whether selection affects motivation. In our experiment subjects first answer a personality questionnaire. They then play a 3-person game. One of the three players decides between an outside option assigning him a positive amount, but leaving the two others empty-handed and allowing one...

Persistent link: https://www.econbiz.de/10009625802