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Dynamic Oligopoly Pricing with Asymmetric Information : Implications for Horizontal Mergers
Sweeting, Andrew; Tao, Xuezhen; Yao, Xinlu - National Bureau of Economic Research - 2021
We model differentiated product pricing by firms that possess private information about serially-correlated state variables, such as their marginal costs, and can use prices to signal information to rivals. In a dynamic game, signaling can raise prices significantly above static complete...
Persistent link: https://www.econbiz.de/10012496143
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Finite State Dynamic Games with Asymmetric Information : A Computational Framework
Fershtman, Chaim; Pakes, Ariel - 2005
We present a simple algorithm for computing an intuitive notion of MPE for finite state dynamic games with asymmetric information. The algorithm does not require: storage and updating of posterior distributions, explicit integration over possible future states to determine continuation values,...
Persistent link: https://www.econbiz.de/10014070473
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Durable-goods oligopoly with secondary markets : theory and an empirical application to the automobile market
Esteban, Susanna (contributor); Shum, Matthew (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001611402
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Durable-goods oligopoly with secondary markets : the case of automobiles
Esteban, Susanna; Shum, Matthew - In: The Rand journal of economics 38 (2007) 2, pp. 332-354
Persistent link: https://www.econbiz.de/10003616479
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Competition, innovation, and antitrust : a theory of market leaders and its policy implications
Etro, Federico - 2007
his book reviews recent progress in the theory of oligopoly and market leadership and provides new results on the … theory of Stackelberg competition and Nash competition with strategic investment under endogenous entry. These theories are …
Persistent link: https://www.econbiz.de/10003400472
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Testing equilibrium multiplicity in dynamic games
Otsu, Taisuke; Pesendorfer, Martin; Takahashi, Yuya - 2014
Persistent link: https://www.econbiz.de/10010408994
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Testing for equilibrium multiplicity in dynamic Markov games
Otsu, Taisuke; Pesendorfer, Martin; Takahashi, Yuya - 2013
This paper proposes several statistical tests for finite state Markov games to examine the null hypothesis that the data are generated from a single equilibrium. We formulate tests of (i) the conditional choice probabilities, (ii) the steady-state distribution of states and (iii) the conditional...
Persistent link: https://www.econbiz.de/10010199002
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Competition, Innovation, and Antitrust : A Theory of Market Leaders and Its Policy Implications
Etro, Federico (contributor) - 2007
This book reviews recent progress in the theory of oligopoly and market leadership and provides new results on the …This book reviews recent progress in the theory of oligopoly and market leadership and provides new results on the … theory of Stackelberg competition and Nash competition with strategic investment under endogenous entry. These theories are …
Persistent link: https://www.econbiz.de/10013520714
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The pricing of critical applications in the Internet
Crémer, Jacques; Hariton, Cyril - In: Journal of the Japanese and international economies : … 13 (1999) 4, pp. 281-310
Persistent link: https://www.econbiz.de/10001441509
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Finite state dynamic games with asymmetric information : a computational framework
Fershtman, Chaim (contributor); Pakes, Ariel (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002243662