Showing 1 - 10 of 193
In this paper we study the problem of price competition and free entry in congested markets. In particular, we consider …
Persistent link: https://www.econbiz.de/10010738048
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
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
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 consider a nonrenewable resource game with one cartel and a set of fringe members. We show that (i) the outcomes of the closed-loop and the open-loop nonrenewable resource game with the fringe members as price takers (the cartel–fringe game à la Salant, 1976) coincide and (ii) when the...
Persistent link: https://www.econbiz.de/10011049827
A buyer procures a network to span a given set of nodes; each seller bids to supply certain edges, then the buyer purchases a minimal cost spanning tree. An efficient tree is constructed in any equilibrium of the Bertrand game.
Persistent link: https://www.econbiz.de/10010738049
duopoly, price competition, public goods games, common pool resource games, and minimum effort coordination games. …
Persistent link: https://www.econbiz.de/10011049802
An experiment is designed to provide a snapshot of the strategies used by players in a repeated price competition game …
Persistent link: https://www.econbiz.de/10011049890
We study a mechanism design problem in which players can take part in a mechanism to coordinate their actions in a default game. By refusing to participate in the mechanism, a player can revert to playing the default game non-cooperatively. We show with an example that some allocation rules are...
Persistent link: https://www.econbiz.de/10010573653
preferences can increase price competition among rival sellers by committing to purchase exclusively from one seller. Without …
Persistent link: https://www.econbiz.de/10010573663