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FINANCIAL PREDATION BY THE WEAK
Bougheas, Spiros; Saksit Thananittayaudom - University <Nottingham> / Department of Economics - 2005
We examine a Stackelberg game where a financially constrainedleader faces competition from a ‘deep pocket’ follower. We …
Persistent link: https://www.econbiz.de/10005868761
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BERTRAND AND COURNOT COMPETITIONS IN ADYNAMIC GAME
Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2003
-tournament R&D competition. We consider thatsuccess in R&D is uncertain. We show that whether firms invest more under … Cournotcompetition or Bertrand competition is ambiguous and depends on the probability ofsuccess in R&D but does not depend on the degree … of product differentiation. While‘static’ welfare is higher under Bertrand competition, we find that ‘dynamic’ welfare …
Persistent link: https://www.econbiz.de/10005868906
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WELFARE EFFECTS OF ENTRY: THE IMPACT OFLICENSING
Mukherjee, Arijit; Mukherjee, Soma - University <Nottingham> / Department of Economics - 2003
competition policy... …
Persistent link: https://www.econbiz.de/10005868907
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DISGUISED AGGREGATIVE GAMES
Cornes, Richard; Hartley, Roger E. - University <Nottingham> / Department of Economics; … - 2001
Noncooperative games in which each player’s payo¤ function depends on anadditively separable function of every player’s choice variable may be transformedinto an aggregative game, which may be analysed using the conceptof ‘share functions’. The resulting approach avoids the...
Persistent link: https://www.econbiz.de/10005868958
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ASYMMETRIC CONTESTS WITH GENERALTECHNOLOGIES
Cornes, Richard; Hartley, Roger E. - University <Nottingham> / Department of Economics; …
We investigate the Nash equilibria of asymmetric, winner-take-all, imperfectlydiscriminating contests, focussing on existence, uniqueness and rentdissipation. When the contest success function is determined by a productionfunction with decreasing returns for each contestant, equilibria...
Persistent link: https://www.econbiz.de/10005868959
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RENTSEEKING BY PLAYERS WITH CONSTANTABSOLUTE RISK AVERSION
Cornes, Richard; Hartley, Roger E. - University <Nottingham> / Department of Economics; … - 2000
The rent-seeking model of Tullock (1980) has stimulated a large literature on rent-seekingcontests, of which Hillman (1989) and Nitzan (1994) provide useful surveys. AlthoughTullock's 'winner take all' model has been adapted and extended in numerous ways, thereremain fundamental modeling issues,...
Persistent link: https://www.econbiz.de/10005869062