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-shaped. We consider a two-stage game with cost-reducing investments followed by a linear differentiated Cournot duopoly. We first …
Persistent link: https://www.econbiz.de/10010315491
observed for a switch from Cournot to Bertrand, even though theory predicts a negative effect in the four-player case. This …
Persistent link: https://www.econbiz.de/10010315529
The paper characterizes the mixed-strategy equilibria in all-pay auctions with endogenous prizes that depend positively on own effort and negatively on the effort of competitors. Such auctions arise naturally in the context of investment games, lobbying games, and promotion tournaments. We also...
Persistent link: https://www.econbiz.de/10010315592
increase in the intensity of competition is modeled as an increase in the number of þrms or as a switch from Cournot to … confirmed for the number effects. On the other hand, the comparison of Cournot and Bertrand shows that more intense competition …
Persistent link: https://www.econbiz.de/10010315551
observed for a switch from Cournot to Bertrand, even though theory predicts a negative effect in the four-player case. …
Persistent link: https://www.econbiz.de/10010315588