Showing 1 - 10 of 55
A dynamic Bertrand-duopoly model where price leadership emerges in equilibrium is developed. In the price leadership equilibrium, a firm leads price changes and its competitor always matches in the next period. The firms produce a homogeneous product and are identical except for the information...
Persistent link: https://www.econbiz.de/10012607377
together rather than investing separately. We study the coordination and cooperation problems that might hinder successful … collaboration in a dynamic network setting. We develop an experiment in which coordination problems are mainly due to finding … collaborate. The results show that as costs of forming links increase, groups succeed less often in solving the coordination …
Persistent link: https://www.econbiz.de/10009752455
This paper addresses the role of affect and emotions in shaping the behavior of responders in the ultimatum game. A …
Persistent link: https://www.econbiz.de/10009752858
This paper experimentally investigates free-riding behavior on communication cost in a coordination game and finds …
Persistent link: https://www.econbiz.de/10010240906
We consider an evolutionary model of social coordination in a 2 × 2 game where two groups of players prefer to … the cost favor coordination. Indeed, when the cost is low, in inside-group interactions, players always coordinate on …
Persistent link: https://www.econbiz.de/10012547862
presenting an overview of the literature that shows various coordination mechanisms but no backup agreement proposals for supply … chain coordination, this paper develops a decentralized three-echelon supply chain facing stochastic customer demand and … includes the backup agreement as a coordination mechanism to guarantee a balanced relationship between the chain members. The …
Persistent link: https://www.econbiz.de/10013252732
We discuss the strategy that rational agents can use to maximize their expected long-term payoff in the co-action minority game. We argue that the agents will try to get into a cyclic state, where each of the (2N+1) agents wins exactly N times in any continuous stretch of (2N+1) days. We propose...
Persistent link: https://www.econbiz.de/10011849525
agreements - lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are …
Persistent link: https://www.econbiz.de/10012547790
The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...
Persistent link: https://www.econbiz.de/10013171765
competition known as the Cournot oligopoly model. Firms and their production are differentiated, which brings the theoretical … operators in Slovakia was selected as a real market case with accessible data on an oligopoly with three companies and partial … chaotic behavior. …
Persistent link: https://www.econbiz.de/10014418202