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The Classical Cournot Model -- Concave Oligopolies -- General Oligopolies -- Modified and Extended Oligopolies -- Oligopolies with Misspecified and Uncertain Price Functions, and Learning -- Overview and Directions for Future Research
Persistent link: https://www.econbiz.de/10013521299
The book focuses classical oligopoly theory as developed in 1840-1940. By the end of this period oligopoly came under … the spell of game theory in its probabilistic equilibrium format. Work by Cournot, von Stackelberg, Palander, and … that the whole idea of rational expectations is untenable in dynamic oligopoly. Early original ideas in oligopoly theory …
Persistent link: https://www.econbiz.de/10013522887
. Moreover, the more advanced models combine traditional exchange (markets for commodities) and matching (markets for people or … Haller and Hans Gersbach have pioneered a ‘market’ approach that applies the tools of general equilibrium theory to the … presented in this book extends the theory of the multi-person household along an important but relatively neglected dimension …
Persistent link: https://www.econbiz.de/10012397186
Over the last decades, technological progress has brought about a multitude of standardization problems. For instance, compatibility standards ensure the interoperability of goods, which is of decisive importance when users face positive externalities in consumption. Consumers' expectations are...
Persistent link: https://www.econbiz.de/10013520491
Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale DSGE model which has been estimated based on state-of-the-art Bayesian methods. The model for the Swiss economy is an expanded...
Persistent link: https://www.econbiz.de/10012819094
Investors are trying to generate excess returns through active investment strategies. Since the outbreak of the financial crisis, investors face a situation where increased risks are accompanied by falling key interest rates. An optimal portfolio in terms of risk and return becomes a perpetual...
Persistent link: https://www.econbiz.de/10012819111
theory, the text provides substantive examples of the application of agent-based models in the field of demography. This work …
Persistent link: https://www.econbiz.de/10012692246
Dieses Open-Access-Buch erläutert ein Handlungsmodell zur Gestaltung sozialer Versorgung. Das Modell beinhaltet 16 Gestaltungsaufgaben, die sich an den wesentlichen Planungs- und Steuerungsaufgaben sozialer Versorgung und den vier Phasen eines Managementkreislaufes (Analyse,...
Persistent link: https://www.econbiz.de/10012692805
Klimaschutz zu suchen. Die Theorie externer Effekte sowie die Besonderheiten von Umweltgütern werden ausführlich erläutert, ebenso …
Persistent link: https://www.econbiz.de/10012627205
This Palgrave Pivot uses modeling from microeconomic theory and industrial organization to demonstrate how consumers …
Persistent link: https://www.econbiz.de/10012615670