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There is a wide literature about the behaviour of agents in a stock-market in the presence of imitation phenomena. Some issues may be treated in a game-theory context. In particular, we consider a micro-model of stock-market speculator and formalise it in a Stackelberg game. The problem consists...
Persistent link: https://www.econbiz.de/10010816717
The paper discusses the dimensioning strategies of two network providers (operators) that supply channels to the same population of users in a competitive environment. Usersare assumed to compete for best service (lowest blocking probability of new request), while operators wishto maximize their...
Persistent link: https://www.econbiz.de/10009372291
duopoly. By establishing a Cournot model, the effects of quality commitment are discussed. Firstly, under one-sided quality …
Persistent link: https://www.econbiz.de/10010738032
This paper provides a non-linear pricing rule for the valuation of assets on financial markets with intermediaries.The non-linearity arises from the fact that dealers charge a price for their intermediation between buyer and seller. The pricing rule we propose is an alternative for the wellknown...
Persistent link: https://www.econbiz.de/10011091055
We consider a linear quantity setting duopoly game and analyze which of the players will commit when both players have …
Persistent link: https://www.econbiz.de/10011092317
Persistent link: https://www.econbiz.de/10011092577
duopoly, in which proportions of consumers exhibit latent inertia in favor of repeat purchase. Advertising simultaneously …
Persistent link: https://www.econbiz.de/10008789769
The author shows how principles and intermediate economic students can gain a feel for strategic price setting by playing a relatively large oligopoly game. The author constructs a playoff matrix and discusses various strategies and outcomes. The game extends to a continuous price space and...
Persistent link: https://www.econbiz.de/10005600551
In a co-evolutionary context, the survive probability of individual elements of a system depends on their relation with their neighbors. The natural selection process depends on the whole population, which is determined by local events between individuals. Particular characteristics assigned to...
Persistent link: https://www.econbiz.de/10010589886
Ecological systems are complex assemblies of large numbers of individuals, interacting competitively under multifaceted environmental conditions. Recent studies using microbial laboratory communities have revealed some of the self-organization principles underneath the complexity of these...
Persistent link: https://www.econbiz.de/10011059957