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The focus of this research is on the analysis and computation of equilibria in noncooperative Cournot and Bertrandgames …. The application of focus for Cournot competition is power markets while that for Bertrand competitionis product design. We … consider Cournot-based models for strategic behavior in power markets while Bertrandbasedmodels are employed for analyzing the …
Persistent link: https://www.econbiz.de/10009477711
Vaccination is one of the most important and successful public health endeavors in human history, profoundly reducing mortalities caused by infectious diseases. In the United States, the comprehensive success of large scale pediatric immunization programs results from the collaboration of an...
Persistent link: https://www.econbiz.de/10009477862
Since the seminal contribution of Jackson & Wolinsky 1996 [A Strategic Model of Social and Economic Networks, JET 71, 44-74] it has been widely acknowledged that the formation of social networks exhibits a general conflict between individual strategic behavior and collective outcome. What has...
Persistent link: https://www.econbiz.de/10009452539
This paper studies the properties of convexity (concavity) and strategic complements (substitutes) in network formation and the implications for the structure of pairwise stable networks. First, different definitions of convexity (concavity) in own links from the literature are put into the...
Persistent link: https://www.econbiz.de/10009452561