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A Product Market Theory of Worker Training
Gersbach, Hans; Schutzler, Armin - 2001
We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others? trained employees and finally engage in imperfect product market...
Persistent link: https://www.econbiz.de/10010262533
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On competition and the strategic management of intellectual property in oligopoly
Jansen, Jos - 2009
an innovative firm with unknown costs and probabilistic patent validity. Increasing the number of firms (degree of …
Persistent link: https://www.econbiz.de/10010267007
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Price and Inventory Dynamics in an Oligopoly Industry: A Framework for Commodity Markets
Steinmetz, Alexander - 2010
This paper analyzes the interaction between price and inventory decisions in an oligopoly industry and its implications … endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and … prices and inventory are strategic substitutes. Fixed ordering costs generate infrequent orders. Consequently, with strategic …
Persistent link: https://www.econbiz.de/10010294737
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Mutual Recognition of National Minimum Quality Standards may Support International Convergence
Lutz, Stefan - 2003
In a model of vertical product differentiation, duopolistic firms face qualitydependent costs and compete in quality …' qualities in the previous period determine their costs. In an N-period game, quality standards will in fact lead to convergence …
Persistent link: https://www.econbiz.de/10010298134
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Price and inventory dynamics in an oligopoly industry: A framework for commodity markets
Steinmetz, Alexander - 2010
This paper analyzes the interaction between price and inventory decisions in an oligopoly industry and its implications … endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and … prices and inventory are strategic substitutes. Fixed ordering costs generate infrequent orders. Consequently, with strategic …
Persistent link: https://www.econbiz.de/10010300834
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Horizontal mergers with synergies: first-price vs. profit-share auction
Ding, Wei; Fan, Cuihong; Wolfstetter, Elmar G. - 2010
We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect … oligopoly game. …
Persistent link: https://www.econbiz.de/10010333759
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Abbink, Klaus; Brandts, Jordi - 2003
Bertrand competition under decreasing returns involves a wide interval of pure strategy equilibrium prices. We first present results of experiments in which two, three and four identical firms repeatedly interact in this environment. Less collusion with more firms leads to lower average prices....
Persistent link: https://www.econbiz.de/10010290534
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Mergers under asymmetric information - is there a lemons problem?
Borek, Thomas; Bühler, Stefan; Schmutzler, Armin - 2004
We analyze a Bayesian merger game under two-sided asymmetric information about firm types. We show that the standard prediction of the lemons market model-if any, only low-type firms are traded-is likely to be misleading: Merger returns, i.e. the difference between pre- and post-merger profits,...
Persistent link: https://www.econbiz.de/10010315535
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Game-theoretical, Strategic forward Contracting in the Electricity Market
Holmberg, Pär - 2008
Forward sales is a credible commitment to aggressive spot market bidding, and it mitigates producers' market power in electricity markets. Still it can be profitable for a producer to make such a commitment if it results in a soft response from competitors in the spot market (strategies are...
Persistent link: https://www.econbiz.de/10010320246
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Product innovation and product innovation marketing: theory and microeconometric evidence
Kaiser, Ulrich - 2001
This paper derives a three stage Cournot?oligopoly game for product innovation, expenditure on introducing the product …
Persistent link: https://www.econbiz.de/10010297768