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The choice of prices vs. quantities under uncertainty
Reisinger, Markus; Reßner, Ludwig - 2007
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
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The choice of prices vs. quantities under uncertainty
Reisinger, Markus; Reßner, Ludwig - 2006 - This Version: October 2006
If duopolistic firms can choose their strategy variable, uncertainty about demand conditions and the degree of substitutability have countervailing effects on variable choice. High uncertainty favors prices, while close substitutability favors quantities. For intermediate values, a hybrid...
Persistent link: https://www.econbiz.de/10009744917
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The limited liability effect in experimental duopoly markets
Oechssler, Joerg; Schuhmacher, Frank - 2001
effects on product market competition. We test their model in a duopoly experiment under both, Bertrand and Cournot … competition. We find that leverage has strategic effects, but those effects are much weaker than predicted by theory. Specifically … predicted by theory. It appears that subjects recognize the strategic effects of their own debt. However, they do not (want to …
Persistent link: https://www.econbiz.de/10011539878
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Electronic coordination in oligopolistic markets : impact on transport costs and product differentiation
Bandulet, Martin; Morasch, Karl - 2002
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
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Strategic outsourcing revisited
Bühler, Stefan (contributor); Haucap, Justus (contributor) - 2003 - [Elektronische Ressource]
This paper analyzes a sequential game where firms decide about outsourcing the production of a non-specific input good to an imperfectly competitive input market. We apply the taxonomy of business strategies introduced by Fudenberg and Tirole (1984) to characterize the different equilibria. We...
Persistent link: https://www.econbiz.de/10001783571
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Action Revision, Information and Collusion in an Experimental Duopoly Market
Roy, Nilanjan - 2017
We report on an experiment designed to study a dynamic model of quantity competition where firms continuously revise their production targets prior to the play of the "one-shot" game. We investigate how the observability of rival firm's plans and the technology for implementation of revised...
Persistent link: https://www.econbiz.de/10014122747
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Multilateral Limit Pricing in Price-Setting Games
Cumbul, Eray - 2018
In this paper, we characterize the set of pure strategy undominated equilibria in differentiated Bertrand oligopolies with linear demand and constant unit costs when firms may prefer not to produce. When all firms are active, there is a unique equilibrium. However, there is a continuum of...
Persistent link: https://www.econbiz.de/10012935153
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Will all autonomous cars cooperate? : brands’ strategic interactions under dynamic congestion
Yu, Xiaojuan; Berg, Vincent A. C. van den; Verhoef, Erik T. - 2022 - Revision: July 2022
structures: duopoly competition, perfect competition, a public welfare-maximizing monopoly, and a private profit …
Persistent link: https://www.econbiz.de/10012817163
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A Nonparametric Test of Strategic Behavior in the Cournot Model
Deb, Rahul; Fenske, James E. - 2012
We devise a nonparametric test of strategic behavior in a multiproduct Cournot oligopoly. It is assumed that firms have cost functions that do not change over the period of observation but that market demand can change in each period. Market prices and firm-specific production quantities are...
Persistent link: https://www.econbiz.de/10014205902
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The Max-Min-Min Principle of Product Differentiation
Ansari, Asim; Economides, Nicholas; Steckel, Joel - 2011
We analyze two- and three-dimensional variants of Hotelling's model of differentiated products. In our setup, consumers can place different importance on each product attribute; this is measured by a weight in the disutility of distance in each dimension. Two firms play a two-stage game; they...
Persistent link: https://www.econbiz.de/10014029642