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The paper addresses the following question: How efficient is the market system in allocating resources if trade takes place at some prices p that are not necessarily competitive? Even though there are many partial answers to this question, an answer that stands comparison to the rigor by which...
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Portuguese Abstract: Exploramos vários jogos diferenciais para simular a competição entre duas firmas em Preço, Publicidade, e Preço e Publicidade simultâneamente. Os resultados reforçam conclusões importantes na literatura e complementam-na, permitindo analisar a competição em dois...
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We consider the inner core as a solution concept for cooperative games with non- transferable utility (NTU) and its …
Persistent link: https://www.econbiz.de/10009229327
We investigate the relationship between certain subsets of the core for TU market games and competitive payoff vectors of certain markets linked to that game. This can be considered as the case in between the two extreme cases of Shapley and Shubik (1975). They remark already that their result...
Persistent link: https://www.econbiz.de/10009310985
depend on sound infrastructure and well-calibrated regulation. The humble wooden utility pole, first deployed in America in … 1844 to extend telegraph service, forms the twenty-first century’s technological scaffold. Utility poles are increasingly … risks posed by century-old private utility pole associations in California, composed of private and public utility pole …
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