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The limited liability effect in experimental duopoly markets
Oechssler, Jörg; Schuhmacher, Frank - RWTH <Aachen> / Lehrstuhl für … - 2003
This article tests the modell of Brander and lewis under ertrand and Cournot competition. …
Persistent link: https://www.econbiz.de/10005840866
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Mergers under asymmetric information - is there a lemons problem?
Borek, Thomas; Bühler, Stefan; Schmutzler, Armin - 2004
We analyze a Bayesian merger game under two-sided asymmetric information about firm types. We show that the standard prediction of the lemons market model-if any, only low-type firms are traded-is likely to be misleading: Merger returns, i.e. the difference between pre- and post-merger profits,...
Persistent link: https://www.econbiz.de/10010315535
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Weddings with uncertain prospects: Mergers under asymmetric information
Borek, Thomas; Buehler, Stefan; Schmutzler, Armin - 2004
linear Cournot model, we show how the merger pattern depends on the cost effects of mergers, the extent of uncertainty, and …
Persistent link: https://www.econbiz.de/10010315502
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Government's Preference and Timing of Endogenous Wage Setting: Perspectives on Privatization and Mixed Duopoly
Choi, Kangsik - Volkswirtschaftliche Fakultät, … - 2009
This study investigates social welfare and privatization depending on the government's preference for tax revenues and the timing of wage setting in either a unionized-mixed or a unionized-privatized duopolistic market. We show that bargaining over wages is always sequential regardless of who...
Persistent link: https://www.econbiz.de/10005103417
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Indirect Taxation and Privatization in a Model of Government's Preference
Choi, Kangsik - Volkswirtschaftliche Fakultät, … - 2012
By introducing the government's preference for tax revenues into unionized mixed duopolies, this paper investigates how the preference can change the government's choice of tax regimes between ad valorem and specific taxes. Main results are as follows. Given that one of the tax regimes is...
Persistent link: https://www.econbiz.de/10011109745
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Per Unit and Ad Valorem Royalties in a Patent Licensing Game
Montinaro, Marta; Pal, Rupayan; Scimitore, Marcella - 2020
the relative profitability of Cournot vs. Bertrand when a per unit royalty is applied. By contrast, we find that Cournot …
Persistent link: https://www.econbiz.de/10012419715
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Making Sense of the Experimental Evidence on Endogenous Timing in Duopoly Markets
Santos-Pinto, Luís - Volkswirtschaftliche Fakultät, … - 2006
The prediction of asymmetric equilibria with Stackelberg outcomes is clearly the most frequent result in the endogenous timing literature. Several experiments have tried to validate this prediction empirically, but failed to find support for it. By contrast, the experiments find that...
Persistent link: https://www.econbiz.de/10005260191
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Reciprocity, inequity-aversion, and oligopolistic competition
Santos-Pinto, Luís - Volkswirtschaftliche Fakultät, … - 2006
This paper extends the Cournot and Bertrand models of strategic interaction between firms by assuming that managers are … paper finds that if firms with reciprocal managers compete à la Cournot, then they may be able to sustain “collusive … reciprocity equilibrium. If there is Cournot competition between firms and their managers are averse to advantageous …
Persistent link: https://www.econbiz.de/10005260344
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The dynamics of a differentiated duopoly with quantity competition
Fanti, Luciano; Gori, Luca - Volkswirtschaftliche Fakultät, … - 2011
We analyse the dynamics of a Cournot duopoly game with heterogeneous players to investigate the effects of micro … firms, is that a fiercer (weaker) competition tends to stabilise (destabilise) the unique positive Cournot-Nash equilibrium …
Persistent link: https://www.econbiz.de/10009294922
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Stability in a Cournot duopoly under asymmetric unionism
Fanti, Luciano; Gori, Luca - Volkswirtschaftliche Fakultät, … - 2011
We analyse the stability issue in a Cournot duopoly with heterogeneous players. We show that labour market institutions … matter for the stability of the unique interior Cournot-Nash equilibrium. Interestingly, the role played by the existence of …
Persistent link: https://www.econbiz.de/10009323469