Narrow search
Showing 1 - 10 of 3,336
Cover Image
Evolutionary Competition between Boundedly Rational Behavioral Rules in Oligopoly Games
Baiardi, Lorenzo Cerboni; Lamantia, Fabio; Radi, Davide - 2015
In this paper, we propose an evolutionary model of oligopoly competition where agents can select between different … behavioral rules to make decisions on productions. We formalize the model as a general class of evolutionary oligopoly games and …
Persistent link: https://www.econbiz.de/10013021723
Cover Image
Dynamics of Brand Competition : Effects of Unobserved Social Networks
Sengupta, Abhijit; Vukadinovic Greetham, Danica - 2010
Brand competition is modelled using an agent based approach in order to examine the long run dynamics of market structure and brand characteristics. A repeated game is designed where myopic rms choose strategies based on beliefs about their rivals and consumers. Consumers are heterogeneous and...
Persistent link: https://www.econbiz.de/10014210024
Cover Image
On the Evolution of Prize Perceptions in Contests
Boudreau, James; Shunda, Nicholas - 2010
We apply an indirect evolutionary approach to player’ perceived prize valuations in contests. Evolution in finite populations leads to preferences that overstate the prize’s material value and induce overexpenditure. We establish an equivalence between the behavior evolutionarily stable...
Persistent link: https://www.econbiz.de/10014191943
Cover Image
Selective competition
Dubovik, Andrei; Parakhonyak, Alexei - 2009
We consider a dynamic (differential) game with three players competing against each other. Each period each player can allocate his resources so as to direct his competition towards particular rivals -- we call such competition selective. The setting can be applied to a wide variety of cases:...
Persistent link: https://www.econbiz.de/10011378872
Cover Image
Imitation in Product-Market Competition and Accounting Reporting
Corona, Carlos - 2020
relatively high investment cost and can only afford to invest in one area, it chooses a non-reporting method to avoid imitation … is not bound to profit too much from a successful imitation. Second, we find that, if an accounting regime change that … the imitation-useful information and even intimidate competitors …
Persistent link: https://www.econbiz.de/10012857069
Cover Image
Price-Quantity Competition of Farsighted Firms : Toughness vs. Collusion
Sandomirskaiay, Marina - 2015
The paper examines an interaction of boundedly rational firms that are able to calculate their gains after reaction of an opponent to their own deviations from the current strategy. We consider an equilibrium concept that we call a Nash-2 equilibrium. We discuss the problem of existence and...
Persistent link: https://www.econbiz.de/10013024415
Cover Image
Competition and Product Innovation in Dynamic Oligopoly
Goettler, Ronald L.; Gordon, Brett R. - 2013
We investigate the relationship between competition and innovation using a dynamic oligopoly model that endogenizes …
Persistent link: https://www.econbiz.de/10014042417
Cover Image
An Oligopoly Model of Dynamic Advertising Competition
Erickson, Gary - 2006
An oligopoly model is presented that allows the determination of feedback Nash equilibrium advertising strategies for … an oligopoly. Analyses of symmetric and asymmetric oligopolies with the model show that unit contribution and advertising … competitor decline with the number of competitors in the oligopoly, while total oligopoly steady-state sales increase …
Persistent link: https://www.econbiz.de/10014026470
Cover Image
On Price Recognition and Competition with Boundedly Rational Consumers
Mojtahed, Vahid - 2012
We study an extension of the model of Rubinstein (1993) to two firms, competing in a market with consumers who are boundedly rational with respect to processing information. The cognitive bound forces customers to partition the price space. Rubinstein shows that a monopolist is able to earn a...
Persistent link: https://www.econbiz.de/10013105473
Cover Image
Union bargaining in an oligopoly market with Cournot-Bertrand competition : welfare and policy implications
Schroeder, Elizabeth; Tremblay, Victor J. - In: Economies : open access journal 2 (2014) 2, pp. 95-108
We investigate the welfare effect of union activity in a relatively new oligopoly model, the Cournot-Bertrand model …
Persistent link: https://www.econbiz.de/10010345639