We extend the well-known spatial competition model (d'Aspremont et al., 1979) to a continuous time model in which two …

Previous theoretical researches show that learning from good performers yields intense competition and results in the … useful strategic tool to mitigate competition. We introduce an evolutionary (learning) game into a duopoly model with product … even when firms have an opportunity to differentiate themselves through product differentiation and to mitigate competition …

loss that arises from more intense market competition: the low-cost firms' profits may indeed increase with the number of …

attention to the role of domestic competition. We find that the welfare effect of FDI is largely non-monotonic, and there are … unions because it serves to soften price competition between them. The paper points out that welfare effects of outward FDI … hinges crucially on the nature of domestic competition, and policymakers must carefully take this aspect into consideration …

-targeted consumers, which passive consumers cannot. When all consumers are passive, personalized pricing leads to intense competition and … raise the firm's cost of serving non-targeted consumers, which softens competition. When firms have sufficiently large and …

loss that arises from more intense market competition: the low-cost firms' profits may indeed increase with the number of …

outcome in the 'scoring auction'. We show that the nature of competition (Cournot or Bertrand) has no effect on the …. With corner solution the nature of competition (Cournot or Bertrand) makes a difference to the equilibrium outcomes. …