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compete in Cournot with one another. Each firm faces uncertainty in the input cost when making production decision, and has …
Persistent link: https://www.econbiz.de/10010884971
compete in Cournot with one another. Each firm faces uncertainty in the input cost when making production decision, and has …
Persistent link: https://www.econbiz.de/10010906759
In this paper the dynamical effects of public environmental policies are investigated in a Cournot duopoly with …
Persistent link: https://www.econbiz.de/10010932985
’ volume and profit, on the other side it is effective in keeping or restoring the stability of the Cournot-Nash equilibrium in …
Persistent link: https://www.econbiz.de/10010933008
precommitment and Bertrand competition yield Cournot outcomes not only in the case of private firms but also when a public firm is …
Persistent link: https://www.econbiz.de/10011019315
This paper demonstrates that the standard conclusions regarding the comparison of Cournot and Bertrand competition are … Cournot competition yields higher output, lower wholesale prices, lower final prices, higher consumers' surplus, and higher …
Persistent link: https://www.econbiz.de/10010956742
The prediction of asymmetric equilibria with Stackelberg outcomes is clearly the most frequent result in the endogenous timing literature. Several experiments have tried to validate this prediction empirically, but failed to find support for it. By contrast, the experiments find that...
Persistent link: https://www.econbiz.de/10005260191
This paper extends the Cournot and Bertrand models of strategic interaction between firms by assuming that managers are … paper finds that if firms with reciprocal managers compete à la Cournot, then they may be able to sustain “collusive … reciprocity equilibrium. If there is Cournot competition between firms and their managers are averse to advantageous …
Persistent link: https://www.econbiz.de/10005260344
We analyse the dynamics of a Cournot duopoly game with heterogeneous players to investigate the effects of micro … firms, is that a fiercer (weaker) competition tends to stabilise (destabilise) the unique positive Cournot-Nash equilibrium …
Persistent link: https://www.econbiz.de/10009294922
We analyse the stability issue in a Cournot duopoly with asymmetric unionism and heterogeneous players. We show that … labour market institutions matter or the stability of the unique interior Cournot-Nash equilibrium. Interestingly, the role …
Persistent link: https://www.econbiz.de/10009321776