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time or service quality is socially optimal. We find that this result does not hold if capacity and toll setting take place … in separate stages, as then firms want to limit the toll competition by setting lower capacities; or when firms set … higher capacities. In our Stackelberg competition, the firms that act last have few if any capacity decisions to influence …
Persistent link: https://www.econbiz.de/10011386470
admissions to Dutch hospitals, we find no evidence that increased exposure to price competition reduces quality measured by …One of the reasons why regulators are hesitant about permitting price competition in healthcare markets is that it may … damage quality when information is poor. Evidence on whether this fear is well-founded is scarce. We provide evidence using a …
Persistent link: https://www.econbiz.de/10011823733
Ample evidence is available for the effect of competition on educational quality as only a few countries allow large … scale competition. In the Netherlands free parental choice is present since the beginning of the 20th century, which can be … between competition and educational outcomes in secondary education, but that it is negative and small. This effect is larger …
Persistent link: https://www.econbiz.de/10011379387
Persistent link: https://www.econbiz.de/10003787154
Persistent link: https://www.econbiz.de/10003354551
For games in which there is no evolutionarily stable strategy, it can be useful to look for neutrally stable ones. In extensive form games for instance there is typically no evolutionary stable strategy, while there may very well be a neutrally stable one. Such strategies can however still be...
Persistent link: https://www.econbiz.de/10011380138
In this paper we generalize the concept of coalitional games by allowing for any organizational structure within coalitions represented by a graphon the set of players ot the coalition. A, possibly empty, set of payoffvectors is assigned to any graph on every subset of players. Such a game will...
Persistent link: https://www.econbiz.de/10011303860
Since the seminal paper of Nash (1950) game theoretic literature has focused mostly on equilibrium and not on maximin (minimax) strategies. We study the properties of these strategies in 2-player non-zero-sum strategic games, whose Nash equilibria are only mixed.
Persistent link: https://www.econbiz.de/10011334334
This paper examines the conception of individuals as being of certain types in Harsanyi'stransformation of games of incomplete information into games of complete information. Itargues that while the conception of the individual in games of complete information offerspotential advances over the...
Persistent link: https://www.econbiz.de/10011334340
Many economic problems can be formulated as dynamic games in which strategically interacting agents choose actions that determine the current and future levels of a single capital stock. We study necessary conditions that allow us to characterize Markov perfect Nash equilibria (MPNE) for these...
Persistent link: https://www.econbiz.de/10011349198