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timing literature. Several experiments have tried to validate this prediction empirically, but failed to find support for it …. By contrast, the experiments find that simultaneous-move outcomes are modal and that behavior in endogenous timing games …
Persistent link: https://www.econbiz.de/10005260191
This article reports the results of a laboratory experiment that examines the strategic effect of forward contracts on market power in infinitely repeated duopolies. Two competing effects motivate the experimental design. Allaz and Vila (1993) argue that forward markets act like additional...
Persistent link: https://www.econbiz.de/10011112507
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
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
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
The present study analyses the dynamics of a Cournot duopoly with managerial sales delegation and bounded rational … players. We find that when firms’ owners hire a manager and delegate the output decisions to him, the unique Cournot …
Persistent link: https://www.econbiz.de/10009323940
We study the stability issue in a Cournot duopoly with codetermined firms. We show that when both firms codetermine …
Persistent link: https://www.econbiz.de/10009325620
behavior in the two competitive settings and lead all firms in oligopoly to gain higher profits in Cournot than in Bertrand … and Mitra (2010). In duopoly, aggregate profits are equivalent in Cournot and Bertrand. …
Persistent link: https://www.econbiz.de/10009403460
The present study considers a unionised duopoly with the two most popular labour market institutions, i.e. efficient bargaining (EB) and right to manage (RTM) unions and analyses product market stability under quantity competition. By focusing on the role played by labour market institutions on...
Persistent link: https://www.econbiz.de/10009360279
This paper analyses the dynamics of a Cournot duopoly under cross-ownership participation when players have … percentage of firm , the parametric stability region of the unique Cournot-Nash equilibrium is larger than when every firm is …
Persistent link: https://www.econbiz.de/10009367980