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Strong Time-Consistency in the Cartel-versus-Fringe Model

de Zeeuw, Aart; Groot, A.M.; Withagen, C.A.A.M. - Tilburg University, Center for Economic Research - 1996

In the seventies and eighties, the theory of exhaustible natural resources developed a branch, which was called the cartel-versus-fringe model, to characterize markets with one large coherent cartel and a big number of small suppliers named the fringe.It was considered appropriate to use the von...

Persistent link: https://www.econbiz.de/10011091567

Exploring National Concerted Practices in an Open Small Economy : What Does the Change in the Competition Law in the Netherlands Reveal?

Ozbugday, F.C. - Tilburg University, Center for Economic Research - 2011

The present study examines the impact of several industry characteristics on the propensity to collude using a dataset on the existence of collusion across Dutch industries during the late 1990s and early 2000s. The results of the Probit model with sample selection indicate that our sample of...

Persistent link: https://www.econbiz.de/10011092139

The Role of Middlemen inEfficient and Strongly Pairwise Stable Networks

Gilles, R.P.; Chakrabarti, S.; Sarangi, S.; Badasyan, N. - Tilburg University, Center for Economic Research - 2004

We examine the strong pairwise stability concept in network formation theory under collective network benefits ….Strong pairwise stability considers a pair of players to add a link through mutual consent while permitting them to unilaterally … networks when these middlemen have no incentive to break up the network. Finally, we examine efficiency and stability in …

Persistent link: https://www.econbiz.de/10011092608

Perfection and Stability of Stationary Points with Applications in Noncooperative Games

Talman, Dolf; van der Laan, G.; Yang, Z.F. - Tilburg University, Center for Economic Research - 2002

It is well known that an upper semi-continuous compact- and convex-valued mapping ö from a nonempty compact and convex set X to the Euclidean space of which X is a subset has at least one stationary point, being a point in X at which the image ö (x)has a nonempty intersection with the normal...

Persistent link: https://www.econbiz.de/10011090330

A Note on "Stability of Tâtonnement Processes of Short Period Equilibria with Rational Expectations"

Herings, P.J.J. - Tilburg University, Center for Economic Research - 1997

In Hens (1997), a new adjustment process is proposed for a setting with reopening spot and asset markets. He argues by means of an intemporal variant of Scarf's example that this process is more stable than the other processes, although in general it might be more stable or less stable. This...

Persistent link: https://www.econbiz.de/10011090350

Simulation-Based Solution of Stochastic Mathematical Programs with Complementarity Constraints : Sample-Path Analysis

Ilker Birbil, S.; Gürkan, G.; Listes, O.L. - Tilburg University, Center for Economic Research - 2004

equilibrium constraints.The convergence analysis of sample-path methods rely heavily on stability conditions.We first review …

Persistent link: https://www.econbiz.de/10011090408

Stability, Specialization and Social Recognition

Ruys, Pieter H.M.; Gilles, R.P.; Lazarova, E.A. - Tilburg University, Center for Economic Research - 2006

Yang s theory of economic specialization under increasing returns to scale (Yang 2001) is a formal development of the fundamental Smith-Young theorem on the extent of the market and the social division of labor.In this theory specialization and, thus, the social division of labor is firmly...

Persistent link: https://www.econbiz.de/10011090467

Bank Competition and Stability : Cross-country Heterogeneity (Revised version of CentER DP 2011-080)

Beck, Thorsten; De Jonghe, Olivier; Schepens, G. - Tilburg University, Center for Economic Research - 2012

stability and explores market, regulatory and institutional features that can explain this variation. We show that an increase …

Persistent link: https://www.econbiz.de/10011090475

The Average Covering Tree Value for Directed Graph Games

Talman, Dolf; Khmelnitskaya, A.; Selcuk, O. - Tilburg University, Center for Economic Research - 2012

Abstract: We introduce a single-valued solution concept, the so-called average covering tree value, for the class of transferable utility games with limited communication structure represented by a directed graph. The solution is the average of the marginal contribution vectors corresponding to...

Persistent link: https://www.econbiz.de/10011090488

Contracts and Insurance Group Formation by Myopic Players

Borm, Peter; Lazarova, E.A.; van Velzen, S. - Tilburg University, Center for Economic Research - 2005

analyzed in terms of stability with respect to one-person deviations.Depending on the exact contractual setting, three … stability concepts are proposed: individual, contractual and compensation stability.When we apply our general framework to the …

Persistent link: https://www.econbiz.de/10011090669