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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 study the choice of strategic variables by firms in a duopoly in which two firms produce differentiated …
Persistent link: https://www.econbiz.de/10011107282
-time stochastic model applying the real option literature. We consider a market characterized by a duopoly with a Stackelberg …
Persistent link: https://www.econbiz.de/10011108902
In the framework Hotelling-Downs competition two players can freely choose a position along a one-dimensional market. We introduce restrictions of feasible strategies and analyze the consequences for players and consumers. In equilibrium players may minimally differentiate away from the center...
Persistent link: https://www.econbiz.de/10011109786
We analyze a two-period licensing game in which a non-producer upstream patent holder licenses an innovation to either one or two downstream licensees for a payment based on the licensee’s expected per-period profit. Licensees have private information about the innovation’s value, and their...
Persistent link: https://www.econbiz.de/10011109957
We investigate the dynamic relationship between advertising and product quality under duopolistic competition. By using a simplified vertical product differentiation model with voluntary advertising, we show that the firm with larger market share has a larger advertising share and that there is...
Persistent link: https://www.econbiz.de/10011110328
If Cournot oligopolists may sell their output prior to its production (forward trading), competition intensifies. Potentially, it may intensify so far as to imply convergence to the Bertrand equilibrium, as shown by Allaz and Vila (1993) for the case of linear demand and costs. The present paper...
Persistent link: https://www.econbiz.de/10011110473
Using a duopoly model with symmetric retailers, we show that retailer strategies regarding opening hours and quality …
Persistent link: https://www.econbiz.de/10011110681
In this note we investigate the relation between a Cournot equilibrium and a Bertrand equilibrium in a duopoly with …
Persistent link: https://www.econbiz.de/10011111361
Prior research has shown, on the one hand, that firms subject to a cap-and-trade system can enjoy scarcity rents and, on the other hand, that cost effectiveness in a competitive emission permit market could be affected by tacit collusion and price manipulation when the corresponding polluting...
Persistent link: https://www.econbiz.de/10011156971