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This paper studies models where the optimal response functions under consideration are non-increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic substitutes, and include cases where additionally, some variables may be...
Persistent link: https://www.econbiz.de/10012824357
We compare formulations of relative profit maximization in duopoly with differentiated goods, 1) (Difference case … of the profit of one firm to the total profit. We show that in asymmetric duopoly the equilibrium output of the more …
Persistent link: https://www.econbiz.de/10011272702
We study an example of infinitely repeated games in which symmetric duopolistic firms produce experience goods. After consuming the products, short-run consumers only observe imperfect public information about product quality. We characterize perfect public equilibrium payoff set E(δ) of firms...
Persistent link: https://www.econbiz.de/10011260559
We revisit the study of the dynamics of a duopoly game à la Bertrand with horizontal product differentiation and …
Persistent link: https://www.econbiz.de/10009294609
We study the local stability properties of a duopoly game with price competition, different product quality and … equilibrium in a duopoly market with price competition becomes under increasing strain. …
Persistent link: https://www.econbiz.de/10009294915
graphical analysis of duopoly. In the diagram the market equilibrium is at the intersection of the RCs, one for each firm. The … commonest case of RC diagram is that of the Cournot duopoly model. …
Persistent link: https://www.econbiz.de/10009323930
The present study analyses the dynamics of a Cournot duopoly with managerial sales delegation and bounded rational …
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
already employed by himself and others in [4], [5], [7]) to the classic Cournot Duopoly (1838), classic oligopolistic market …. The main solutions proposed in literature for this kind of duopoly are the Nash equilibrium and the Collusive Optimum … contrary, by considering the Cournot Duopoly as a differentiable game (a game with differentiable payoff functions) and …
Persistent link: https://www.econbiz.de/10009397178
The present study considers a unionised duopoly with the two most popular labour market institutions, i.e. efficient … results shed some light on the effects of how labour market structures affect out-of equilibrium behaviours in a duopoly in …
Persistent link: https://www.econbiz.de/10009360279