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compete vis-à-vis each other, and, consequently, market outcomes. Participants took part in a repeated Bertrand duopoly game …
Persistent link: https://www.econbiz.de/10011569085
This paper aims at participating in the long-lasting debate about the analytical foundations of the Cournot equilibrium. In a homogeneous oligopoly, under standard regularity conditions, we prove that Cournot-Nash emerges both under (i) price competition and Cournot conjectures; and (ii) supply...
Persistent link: https://www.econbiz.de/10011715827
This paper analyzes how capital structure and product market competition affect the firms' choice between outsourcing … with long term contracts and outsourcing to the spot market. When outsourcing to the spot market firms are exposed to price … uncertainty, whereas a long term contract allows them to set in advance the outsourcing price. We show that, to the extent that …
Persistent link: https://www.econbiz.de/10013147574
Persistent link: https://www.econbiz.de/10009616261
Persistent link: https://www.econbiz.de/10010190186
We consider the spatial competition between two traditional physical (or offline) retailers and an Internet (or online) retailer where the efficiency of the latter differs from that of the former. We assume consumers are heterogeneous across two dimensions: (i) the costs of traveling to either...
Persistent link: https://www.econbiz.de/10012024739
This paper investigates the strategic value of the managerial incentive scheme in affecting firms' incentive in R&D investment and their product market activities. Firstly, we find that in Cournot-quantity competition, owners strategically assign a non-profit-maximization objective to their...
Persistent link: https://www.econbiz.de/10011436367
This paper analyzes a duopoly model with stochastic demand in which firms first choose their strategy variable and …
Persistent link: https://www.econbiz.de/10003470531
effects on product market competition. We test their model in a duopoly experiment under both, Bertrand and Cournot …
Persistent link: https://www.econbiz.de/10011539878
duopoly where firms compete in two spatially separated markets. We show that firms always have nonnegative incentives to … elektronische Koordination und in verstärkte Produktdifferenzierung in einem Duopol mit räumlich getrennten Märkten. Wir zeigen …
Persistent link: https://www.econbiz.de/10010509336