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critical discount factor required to sustain collusion. This result is shown to hold for Cournot oligopoly as well as for … Bertrand oligopoly when collusion is sustained with Nash-reversion strategies or optimal-punishment strategies. In a Cournot …
Persistent link: https://www.econbiz.de/10010406210
In this paper we build a pragmatic model on competition in oligopoly markets. To achieve this goal, we use an approach …
Persistent link: https://www.econbiz.de/10012271649
In this paper, we develop an overlapping generation model with imperfect competition and land to provide a theoretical foundation for some empirical observations made since the end of the 1970s. The problem is that these new “stylized facts” do not coincide with Kaldor’s stylized facts and...
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product market. Key Words: Differentiated oligopoly, Cournot competition, Bertrand competition, spillovers …
Persistent link: https://www.econbiz.de/10014153508
This book presents the theory of Industrial Organization in a unified and concise way. It presents the main models and … results in the area, using game theory as a unifying theoretical background. Besides corrections and new sections, the new …
Persistent link: https://www.econbiz.de/10013518479
This book provides a complete and up-to-date treatment of the Theories of Imperfectly Competitive Markets. In its five chapters, the book deals with Nash equilibrium in aggregative games, comparative statics in aggregative games, welfare and Cournot competition, monopolistic competition and two...
Persistent link: https://www.econbiz.de/10013520361