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This essay deals with the contribution of Seitz and Stackelberg on oligopoly. Stackelberg's theory on price leadership … the sixties on oligopoly theory between Krelle, Ott, Heertje, Helmstadter und Seitz. He looks back from a game theoretical …
Persistent link: https://www.econbiz.de/10008596490
-product oligopoly market, and how the heterogeneity in their products affects the manufacturers' decisions on model launch and …
Persistent link: https://www.econbiz.de/10010934928
Scholars have compared the pricing behaviour where a monopolist in the short run produces heterogeneous products 1 and 2, and a duopolist i produces goods i (i = 1, 2), where there are exogenous shocks to marginal cost and/or industry demand. This pricing behaviour is short run in that no entry...
Persistent link: https://www.econbiz.de/10005698470
This paper analyzes a market with three firms. One of them is the dominant firm and the two others are fringe firms. The formulation of demand allows a comparison between price competition with heterogeneous and homogeneous products. Because a parameterization is required to assure that market...
Persistent link: https://www.econbiz.de/10005704385
In this survey, I look into experimental studies on duopolistic quantity competition with homogeneous products and duopolistic price competition with heterogeneous products. The focus is on the sequence of competition. That is, I summarize and analyze experimental studies checking Cournot...
Persistent link: https://www.econbiz.de/10008560134
This paper shows that when firms compete on prices in a mixed duopoly, the public firm chooses over-capacity when products are substitutes and under-capacity when products are complements. The private firm always chooses under-capacity. This result is in contrast with that obtained in the...
Persistent link: https://www.econbiz.de/10010629831
Persistent link: https://www.econbiz.de/10005395802
This paper addresses the lack of context-sensitivity in institutional analysis by introducing control process theory. It suggests that institutions can be seen as control process superstructures that provide a specific environment within which control action is undertaken for a...
Persistent link: https://www.econbiz.de/10011133371
A-priori knowledge in form of one exact probability distribution on the parameter space is questionable. For more general forms of a-priori information so-called non-precise a-priori densities are a suitable quantitative description. This kind of a-priori information can be used in a generalized...
Persistent link: https://www.econbiz.de/10005598633
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