We analyze the behavior of electricity generation groups that make investment and production decisions in a liberalized market scenario by introducing long-term contracts, in a context where there is a high level of market concentration. In this way, a dynamic deterministic model of imperfect...

We present a two-firm model of predation under complete information, based on different discount factors, and integrate it with a model of collusion. Competition, collusion and predation are seen as alternative strategies. The basic conclusions are that t

This paper shows the relevance of Popper's Rationality Principle (RP) for the appraisal of the impressive mass work emerging, in recent years, in the fields of rationality, learning, evolutionary games and behavioral economic theory. In contradistinction to the well-known rigid criteria of the...