Showing 1 - 10 of 895,566
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
Persistent link: https://www.econbiz.de/10003616479
Persistent link: https://www.econbiz.de/10003381259
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
Persistent link: https://www.econbiz.de/10010408994
Persistent link: https://www.econbiz.de/10001611402
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
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
Persistent link: https://www.econbiz.de/10001441509
Persistent link: https://www.econbiz.de/10003781369