Showing 1 - 10 of 25
The paper proves that in two-player logit form symmetric contestswith concave success function, commitment to a particular strategydoes not increase a player's payo, while in contests with more thantwo players it does. The paper also provides a contest-like game inwhich commitment does not...
Persistent link: https://www.econbiz.de/10005868568
profitable strategyunder both monopoly and product market competition. The incentive for bi-sourcingdepends on the product market … and outside input market competition... …
Persistent link: https://www.econbiz.de/10005868579
We examine a Stackelberg game where a financially constrainedleader faces competition from a ‘deep pocket’ follower. We …
Persistent link: https://www.econbiz.de/10005868761
We show the effects of Bertrand and Cournot competition on R&D investmentand social welfare in a duopoly with R …&D competition where success in R&D isprobabilistic. We show that R&D investments are higher under Bertrand (Cournot)competition when … Cournot competition can generate highersocial welfare in absence of knowledge spillover and this happens if R&D is drastic …
Persistent link: https://www.econbiz.de/10005868763
This paper considers welfare effects of entry when the incumbent firmbehaves like a Stackelberg leader in the product market. In contrast to previous work(Klemperer, 1988, Journal of Industrial Economics), we show that entry may alwaysincrease welfare. Using general demand function, we show the...
Persistent link: https://www.econbiz.de/10005868767
interest rates. A three-period OLG model is presented with monopolistic competition in the finance sector to endogenise the …
Persistent link: https://www.econbiz.de/10005868770
We show the welfare effects of entry in presence of technology licensingunder Cournot competition. If the entrant is …
Persistent link: https://www.econbiz.de/10005868772
We consider the effects of an imperfectly competitive banking sector on the capital stock in a version of the two-period Diamond OLG model, focusing on how profits are returned. There are two broad alternatives: profits may be taxed and returned to households exogenously as fiscal transfers or...
Persistent link: https://www.econbiz.de/10005868774
This paper considers the effects of entry in the final goods market when the input market is imperfectly competitive. We show that entry of a new firm may increase profit of the incumbent if the technology of the entrant is sufficiently inferior to that of the incumbent...
Persistent link: https://www.econbiz.de/10005868787
In a recent paper Mujumder (2004, Economics Letters) argued that only if the industry is a monopoly, we could be certain that the government could use profit tax to make up any shortfall in tariff revenue and also make the consumers and producers better off. We show that this result is not...
Persistent link: https://www.econbiz.de/10005868795