Showing 1 - 10 of 145
In many economic situations, a player pursues coordination or anti-coordination with her neighbors on a network, but she also has intrinsic preferences among the available options. We here introduce a model which allows to analyze this issue by means of a simple framework in which players...
Persistent link: https://www.econbiz.de/10011049725
In this paper we study the problem of price competition and free entry in congested markets. In particular, we consider a network with multiple origins and a common destination node, where each link is owned by a firm that sets prices in order to maximize profits, whereas users want to minimize...
Persistent link: https://www.econbiz.de/10010738048
We consider an oligopolistic market where firms compete in price and quality and where consumers have heterogeneous information: some consumers know both the prices, and quality of the products offered, some know only the prices, and some know neither. We show that if there are sufficiently many...
Persistent link: https://www.econbiz.de/10010573668
When do principals independently choose to share the information obtained from their privately informed agents? Information sharing affects contracting within competing organizations and induces agentsʼ strategies to be correlated through the distortions imposed by principals to obtain...
Persistent link: https://www.econbiz.de/10011049756
We propose a model of price competition where consumers exogenously differ in the number of prices they compare. Our model can be interpreted either as a non-sequential search model or as a network model of price competition. We show that (i) if consumers who previously just sampled one firm...
Persistent link: https://www.econbiz.de/10010608397
We analyze the problem of optimal monopoly pricing in social networks where agents care about consumption or prices of … relation depends on the market structure (monopoly vs. oligopoly) and on the type of externalities (consumption versus price …
Persistent link: https://www.econbiz.de/10011049859
MPEs for high discount factors is developed. For some networks, we find that all MPEs are asymptotically inefficient as …
Persistent link: https://www.econbiz.de/10010573659
The best shot game applied to networks is a discrete model of many processes of contribution to local public goods. It …
Persistent link: https://www.econbiz.de/10010577244
This paper considers a simple equilibrium model of an imperfectly competitive two-sided matching market. Firms and workers may have heterogeneous preferences over matches on the other side, and the model allows for both uniform and personalized wages or contracts. To make the model tractable, I...
Persistent link: https://www.econbiz.de/10010738054
We introduce a criterion for robustness to strategic uncertainty in games with continuum strategy sets. We model a player's uncertainty about another player's strategy as an atomless probability distribution over that player's strategy set. We call a strategy profile robust to strategic...
Persistent link: https://www.econbiz.de/10011049724