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Nash equilibrium problems in power markets and product design: analysis and algorithms
Kannan, Aswin - 2010
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
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Kombilohn oder Mindestlohn? : eine Untersuchung anhand eines Arbeitsmarktmodells mit monopsonistischer Konkurrenz
Bleibtreu, Christopher - 2008
Die Arbeit untersucht und vergleicht die Wirkung von Mindest- und Kombilöhnen (Lohnkostenzuschüsse und Transferzahlungen an Arbeitnehmer) in einem Arbeitsmarktmodell mit monopsonistischer Konkurrenz und freiem Marktzutritt für Firmen. Es wird die Wirkung beider Instrumente auf die Nutzen der...
Persistent link: https://www.econbiz.de/10009471844
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Demographic and economic trends in medical schemes--a time series analysis [Demografiese en ekonomiese tendense vir mediese skemas--'n tydreeksanalise.]
Hartshorne J.E.; Carstens I.L. - 1991
real terms. Ninety five per cent of the income of medical schemes was derived from membership fees. The average real growth … rate of income was 8.4 per cent, while net assets increased by only 3 per cent. An average deficit of R11.02 million …
Persistent link: https://www.econbiz.de/10009480497
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Investment Strategies under Uncertainty: Theory and evidence of preemption in case of geographical market entrance
Karoly, Andrea - 2007
This thesis develops an equilibrium framework for strategic exercise of geographical market entry option. The theoretical model analyses the impact of asymmetries of the competing firms such as follower entry barrier and asymmetric profitability on the optimal market entry timing and firm...
Persistent link: https://www.econbiz.de/10009484808
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Learning by trial and error
Young, H. Peyton - 2008
A person learns by trial and error if he occasionally tries out new strategies, rejecting choices that are “erroneous” in the sense that they do not lead to higher payoffs. In a game, however, strategies can become erroneous due to a change of behavior by someone else. Such passive errors...
Persistent link: https://www.econbiz.de/10009441532
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Market Power in the England and Wales Wholesale Electricity Market 1995-2000
Sweeting, Andrew - 2004
This paper shows that generators exercised increasing market power in the England and Wales wholesale electricity market in the second half of the 1990s despite declining market concentration. It examines whether this was consistent with static, non-cooperative oligopoly models, which are widely...
Persistent link: https://www.econbiz.de/10009441995
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INFECTIOUS DISEASE, PRODUCTIVITY, AND SCALE IN OPEN AND CLOSED ANIMAL PRODUCTION SYSTEMS
Hennessy, David A.; Roosen, Jutta; Jensen, Helen H. - 2004
Comparative advantage motivates large trade flows in feeder animals throughout the world. Trade creates externalities when animal diseases can spread beyond the purchasing farm. When growers can choose between open and closed production systems, Nash equilibrium will likely involve socially...
Persistent link: https://www.econbiz.de/10009443088
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Emission Permits Trade of Carbon Based on the Game Theory of Double Auction
Liu, Na; He, Jixin; Hou, Ning; Gu, Kaiping - 2009
As the world's largest carbon resources country with relatively great carbon emission, China in has just started its carbon trade. China is only a passive participant in international carbon trading market, rarely participating in the project of Clean Development Mechanism (CDM). Therefore,...
Persistent link: https://www.econbiz.de/10009446517
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Machinery sharing by agribusiness firms: methodology, application, and simulation
Mjelde, James W. (contributor) - 2008
Machinery investments represent a substantial portion of agribusiness firms’ costs. Because of high machinery costs, variable profit margins, and increasing competition, agribusiness managers continually seek methods to maintain profitability and manage risk. One relatively new method is...
Persistent link: https://www.econbiz.de/10009465057
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Institutional Equilibrium and Equilibrium Institutions
Shepsle, Kenneth A. - 1983
"This theme paper focuses on political institutions and their effects on social choice. Institutions are argued to play a mediating rolebetween the preferences of individuals and social choices. In addition to playing an endogenous role in molding and channeling preferences, institutions...
Persistent link: https://www.econbiz.de/10009468358