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.Extending the duopoly model to the oligopoly case the results present that each additional competitor delays the first market … profitability on the optimal market entry timing and firm values. The duopoly model shows the existence of three types of … that continuation may disappear in some subgames of the market entry game in an oligopoly as a result of which no closed …
Persistent link: https://www.econbiz.de/10009484808
The aim of this work is to establish a mathematically precise framework for studying games of capital accumulation under uncertainty. Such games arise as a natural extension from different perspectives that all lead to singular control exercised by the agents, which induces some essential...
Persistent link: https://www.econbiz.de/10009452649
This thesis consists of two parts, which are connected by an introduction on auction and oligopoly markets and a short …
Persistent link: https://www.econbiz.de/10009467021
This thesis contains four essays which are all from the broader field of insurance economics. The chapters can be read independently, although there is a certain connection between the articles. Chapter 2, which deals with moral hazard, and chapter 3, which is on oligopolistic models in the...
Persistent link: https://www.econbiz.de/10009451144
differentiation the duopoly is subsidized or the government remains inactive. In contrast, the monopoly is always subsidized. The … government with a duopoly may be active or inactive depending on the degree of product differentiation. Thus, we may observe a …
Persistent link: https://www.econbiz.de/10012530200
In this paper we critically examine the main workhorse model in asset pricing theory, the Lucas (1978) tree model (LT-Model), extended to include heterogeneous agents and multiple goods, and contrast it to the benchmark model in financial equilibrium theory, the real assets model (RA-Model)....
Persistent link: https://www.econbiz.de/10009433019
The thesis consists of two essays: "The CAPM -- A General Equilibrium Foundation" and "The Foreign Exchange Rate in Financial Markets".The Capital Asset Pricing Model (CAPM) is one of the most successful models for portfolio selection. The utility functions are assumed to depend positively on...
Persistent link: https://www.econbiz.de/10009452580
Marine Inseln beherbergen einen großen Teil der biologischen Vielfalt unseres Planeten und weisen gleichzeitig einen hohen Anteil endemischer Arten auf. Inselbiota sind allerdings zudem besonders anfällig für anthropogene Einflüsse wie den globalen Klimawandel, Habitatverlust und invasive...
Persistent link: https://www.econbiz.de/10011288107
' der allgemeinen Gleichgewichtstheorie nach Arrow und Hahn (1971). Im Mittelpunkt der Untersuchung stehen historische und …
Persistent link: https://www.econbiz.de/10009480998
when competition is most intense.Using a model of oligopoly in general equilibrium the second essay analyzes the … interaction between price and inventory decisions in an oligopoly industry and its implications for the dynamics of prices. The … oligopoly competition. We show that the optimal decision rule is an (S,s) order policy and prices and inventories are strategic …
Persistent link: https://www.econbiz.de/10009433703