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the corresponding Cournot equilibrium. From a methodological viewpoint we make extensive use of the basic results from the …
Persistent link: https://www.econbiz.de/10010343823
We analyze a Bayesian merger game under two-sided asymmetric information about firm types. We show that the standard prediction of the lemons market model–if any, only low-type firms are traded–is likely to be misleading: Merger returns, i.e. the difference between pre- and post-merger...
Persistent link: https://www.econbiz.de/10002202342
This paper re-considers the comparison of Bertrand and Cournot equilibria in a differentiatedduopoly with linear demand …
Persistent link: https://www.econbiz.de/10005868812
This paper reconsiders the literature on the irrelevance of privatization in mixed markets, addressing both quantity and price competition in a duopoly with differentiated products. By allowing for partially privatizing a state-controlled firm, we explore competition under different timings of...
Persistent link: https://www.econbiz.de/10011526650
This paper compares Bertrand and Cournot equilibria in a horizontallydifferentiated duopoly market with non … maybe higher under Cournot competition for moderate R&D productivities... …
Persistent link: https://www.econbiz.de/10005868906
This article tests the modell of Brander and lewis under ertrand and Cournot competition. …
Persistent link: https://www.econbiz.de/10005840866
' order of moves to show that i) Cournot competition is not the subgame perfect Nash equilibrium of the extended game, ii) the …
Persistent link: https://www.econbiz.de/10014075193
generally more competitive than the Cournot outcome, irrespective of whether the Cournot outcome is the Nash equilibrium or not …. Nevertheless, the Cournot model entails some predictive power. Exact Cournot choices are more likely to occur for both capacities … and prices under efficient demand rationing, where the Cournot outcome is the equilibrium, than under proportional …
Persistent link: https://www.econbiz.de/10011411149
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our …
Persistent link: https://www.econbiz.de/10013295651
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our …
Persistent link: https://www.econbiz.de/10014487322