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setup differentiated platforms compete in advertising and offer consumers a service free of charge (such as a TV program …) that is financed through advertising. We show that advertising can exhibit the properties of a strategic substitute or … complement. Surprisingly, there exist cases in which platforms benefit from market entry. Moreover, we show that from a welfare …
Persistent link: https://www.econbiz.de/10005121211
setup differentiated platforms compete in advertising and offer consumers a service free of charge (such as a TV program …) that is financed through advertising. We show that advertising can exhibit the properties of a strategic substitute or … complement. Surprisingly, there exist cases in which platforms benefit from market entry. Moreover, we show that from a welfare …
Persistent link: https://www.econbiz.de/10005614485
We provide an evolutionary foundation to evidence that in some situations humans maintain optimistic or pessimistic attitudes towards uncertainty and are ignorant to relevant aspects of the environment. Players in strategic games face Knightian uncertainty about opponents’ actions and...
Persistent link: https://www.econbiz.de/10005785794
The article examines a differentiated-products duopoly model where the firms make entry decisions to two markets and … then choose prices. The effects of product differentiation and entry costs are analyzed in two games: with and without … price discrimination between the markets. Allowing price discrimination encourages more entry and tends to reduce prices and …
Persistent link: https://www.econbiz.de/10005836325
in the context of game theoretical models of entry into the industry. As opposed to the majority of literature we … decision of the entrant as a signal of his strength. We show that in the Stackelberg model of market entry for some values of … model may be empirically relevant for industrial organization analysis of the entry of a new supplier to the existing supply …
Persistent link: https://www.econbiz.de/10005105914
symmetric oligopoly.We first provide some general results for the oligopoly and then focus on the triopoly, providing a complete …
Persistent link: https://www.econbiz.de/10005836834
symmetric oligopoly. We first provide some general results for the oligopoly and then focus on the triopoly, providing a …
Persistent link: https://www.econbiz.de/10005837398
We analyse the dynamics of a Cournot duopoly game with heterogeneous players to investigate the effects of micro-founded differentiated products demand. The present analysis, which modifies and extends Zhang et al. (2007) (Zhang, J., Da, Q., Wang, Y., 2007. Analysis of nonlinear duopoly game...
Persistent link: https://www.econbiz.de/10009294922
We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect …, supplemented by entry fees. Since non-merged firms benefit from a merger if the synergies are low, bidders are subject to a … oligopoly game. …
Persistent link: https://www.econbiz.de/10008685480
The present study analyses the dynamics of a nonlinear Cournot duopoly with managerial delegation and bounded rational players. Problems concerning strategic delegation (based on relative performance evaluations) have recently received in depth attention in both the theoretical and empirical...
Persistent link: https://www.econbiz.de/10011108258