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Stackelberg social equilibrium in water markets

Houba, Harold; Tomori, Françeska - In: Games 14 (2023) 4, pp. 1-9

Market power in water markets can be modeled as simultaneous quantity competition on a river structure and analyzed by applying social equilibrium. In an example of a duopoly water market, we argue that the lack of backward induction logic implies that the upstream supplier foregoes profitable...

Persistent link: https://www.econbiz.de/10014426327

Endogenous shifts in OPEC market power : a Stackelberg oligopoly with fringe

Huppmann, Daniel - 2013

This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders …

Persistent link: https://www.econbiz.de/10009771871

Bertrand-Edgeworth markets with increasing marginal costs and voluntary trading : experimental evidence

Jacobs, Martin; Requate, Tilman - 2016

-researched field in the experimental oligopoly literature. We provide results from an experiment that varies the number of firms as …

Persistent link: https://www.econbiz.de/10011411148

Demand rationing in Bertrand-Edgeworth markets with fixed capacities : an experiment

Jacobs, Martin; Requate, Tilman - 2016

This study is the first to investigate the effect of demand rationing in experimental Bertrand-Edgeworth markets with fixed exogenous capacities. It is found that prices and profits are significantly higher under proportional than under efficient demand rationing. Moreover, the amount of...

Persistent link: https://www.econbiz.de/10011411150

Endogenous shifts in OPEC market power : a Stackelberg oligopoly with fringe ; conference paper

Huppmann, Daniel - 2013

This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders …

Persistent link: https://www.econbiz.de/10010342832

Collusion in growing and shrinking markets: Empirical evidence from experimental duopolies

Abbink, Klaus; Brandts, Jordi - 2005

We study collusive behaviour in experimental duopolies that compete in prices under dynamic demand conditions. In one treatment the demand grows at a constant rate. In the other treatment the demand declines at another constant rate. The rates are chosen so that the evolution of the demand in...

Persistent link: https://www.econbiz.de/10010290541

Imitators and Optimizers in Cournot Oligopoly

Schipper, Burkhard - 2005

We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators …

Persistent link: https://www.econbiz.de/10010366551

Imitation : theory and experimental evidence

Apestgeguia, Jose; Huck, Steffen; Oechssler, Joerg - 2005

We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to different informational assumptions, not to different behavioral rules....

Persistent link: https://www.econbiz.de/10010366552

Imitation : theory and experimental evidence

Alpesteguia, Jose; Huck, Steffen; Oechssler, Joerg - 2003

We introduce a generalized theoretical approach to study imitation models and subject themodels to rigorous experimental testing. In our theoretical analysis we find that the differentpredictions of previous imitation models are due to different informational assumptions, notto different...

Persistent link: https://www.econbiz.de/10011509505

Evolutionary stability in asymmetric oligopoly : a non-Walrasian result

Leininger, Wolfgang; Moghadam, Hamed M. - 2014

It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the … order to transform the game with asymmetric firms into a symmetric oligopoly game and then extend Schaffer’s definition …

Persistent link: https://www.econbiz.de/10010399434

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