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We study mass customization in a duopoly game in which the firms' products have different qualities. Whether customization choices are made simultaneously or sequentially is endogenously determined. Specifically, the customization stage of the game involves two periods. Each firm either selects...
Persistent link: https://www.econbiz.de/10010738007
attract more customers than their offline counterparts due to reduced mismatch costs, but face a tougher price competition …
Persistent link: https://www.econbiz.de/10011203140
I present a game-theoretic model where economic competition and attention competition are interdependent. On the one … price competition among all perceived firms. On the other hand attracting attention involves costs which must be covered by … the earnings from competition. It is the task of this paper to clarify the consequences of such an interdependence between …
Persistent link: https://www.econbiz.de/10009321753
it with a model of collusion. Competition, collusion and predation are seen as alternative strategies. The basic …
Persistent link: https://www.econbiz.de/10005510009
Different structures of lignite mines and power stations, which have appeared on the Polish market as a result of its transformation and the privatisation, were discussed. The attention is focused on the fact that the practice is overtaking the theory because there is lack of models of...
Persistent link: https://www.econbiz.de/10005836050
For methods of the profit division in the bilateral monopoly of the mine and the power station sug-gested in the first part of this paper the formulae for lignite price and shares in the joint profit of the mine and the power station are calculated. The proposed profit division contain: the...
Persistent link: https://www.econbiz.de/10005836131
The paper extends the analysis of price competition among capacity-constrained sellers beyond the cases of duopoly and …
Persistent link: https://www.econbiz.de/10005836834
The paper extends the analysis of price competition among capacity-constrained sellers beyond the cases of duopoly and …
Persistent link: https://www.econbiz.de/10005837398
This paper studies the identification of best response functions in binary games without making strong parametric assumptions about the payoffs. The best response function gives the utility maximizing response to a decision of the other players. This is analogous to the response function in the...
Persistent link: https://www.econbiz.de/10010597561
We study a market for a homogeneous good in which firms adjust their production decisions on the basis of imitation, learning from own experience, and local experimentation. For any fixed set of firms (more than one), long run behaviour settles on a symmetric marginal-cost pricing equilibrium....
Persistent link: https://www.econbiz.de/10005807959