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This paper considers price competition in a duopoly with quality uncertainty. The established firm (the `incumbent …
Persistent link: https://www.econbiz.de/10010660825
a Bertrand competition experiment as reported in Abbink & Brandts [Games and Economic Behavior, 63, 2008] …
Persistent link: https://www.econbiz.de/10005619772
This paper investigates simultaneous move capacity constrained price competition game among three firms. I find that … equilibria in an asymmetric oligopoly are substantially different from those in the duopoly and symmetric oligopoly. I … which never arise either in the duopoly or symmetric oligopoly. In particular, the second finding sheds light on a …
Persistent link: https://www.econbiz.de/10005621993
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
We revisit the study of the dynamics of a duopoly game à la Bertrand with horizontal product differentiation and bounded rational firms analysed by Zhang et al. (2009), (Zhang, J., Da, Q., Wang, Y., 2009. The dynamics of Bertrand model with bounded rationality. Chaos, Solitons and Fractals 39,...
Persistent link: https://www.econbiz.de/10009294609
We study the local stability properties of a duopoly game with price competition, different product quality and … equilibrium in a duopoly market with price competition becomes under increasing strain. …
Persistent link: https://www.econbiz.de/10009294915
another. We introduce such uncertainty in a model of a price competition game with incomplete information. This competition …
Persistent link: https://www.econbiz.de/10011183537
. The paper brings into focus some competition policy concerns. …
Persistent link: https://www.econbiz.de/10011113636
This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...
Persistent link: https://www.econbiz.de/10005785877
We study a two-stage duopoly game, where, at the first stage, firms choose if adopting or not a social responsibility label. The firm who adopts the social responsibility label (the ethical firm) has high marginal costs, while the firm who doesn’t adopt it (the standard firm), supports low...
Persistent link: https://www.econbiz.de/10005790459