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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

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

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

Cost competition, fragmentation and globalization

Burda, Michael C.; Dluhosch, Barbara - 2001 - Rev.

This paper proposes a model in which the removal of barriers to trade and factor mobility is associated with endogenous fragmentation of the value-added chain. Fragmentation is the outcome of cost competition - the profit-maximizing choice of cost structure by monopolistically competitive firms....

Persistent link: https://www.econbiz.de/10009613595

Time varying market price of risk in the CAPM approaches, empirical evidence and implications

Hafner, Christian M.; Herwartz, Helmut - 1999

Persistent link: https://www.econbiz.de/10001377689

Robust adaptive estimation of dimension reduction space

Čížek, Pavel (contributor); Härdle, Wolfgang (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001918932

Selfinformative limits of bayes estimates and generalized maximum likelihood

Bunke, Olaf (contributor); Johannes, Jan (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001919013