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We consider two firms selling products to a market of network-connected customers. Each firm is selling one product and … compete for their purchasing probabilities. We characterize possible Nash equilibria for homogeneous network interactions and … identical firms: when the network effects are weak, there is a symmetric equilibrium that the two firms evenly split the market …
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firefly algorithm. A real-world application of locating new chain stores in the city of Tehran, Iran, is used and the results … algorithm. The results demonstrate that the performed method provides good-quality results for the test problems. …
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This paper studies the introduction of new products (increase in product variety) in the automobile industry. The focus is on the two sources of market power that may allow the firms to get higher profits (and, thus, recoup investments): new products and brand-name reputation. The effects of new...
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