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Amir, Rabah; De Feo, Giuseppe - 2012

the corresponding Cournot equilibrium. From a methodological viewpoint we make extensive use of the basic results from the …

Persistent link: https://www.econbiz.de/10010343823

Investigation of equilibrium in oligopoly markets with the help of tripled fixed points in Banach spaces

Ilchev, Atanas; Ivanova, Vanya; Kulina, Hristina; … - In: Econometrics : open access journal 12 (2024) 2, pp. 1-24

equivalent to Cournot payoff maximization, provided that the market price function and the three players' cost functions are …

Persistent link: https://www.econbiz.de/10014636403

Chapter 30 A Framework for Applied Dynamic Analysis in IO

Doraszelski, Ulrich; Pakes, Ariel - In: Handbook of industrial organization : volume 3, (pp. 1887-1966). 2007

This paper reviews a framework for numerically analyzing dynamic interactions in imperfectly competitive industries. The framework dates back to Ericson and Pakes [1995. Review of Economic Studies 62, 53–82], but it is based on equilibrium notions that had been available for some time before,...

Persistent link: https://www.econbiz.de/10014024586

On the (non) existence of a price equilibrium in delegation games with relative performance compensation

Kopel, Michael; Lambertini, Luca - 2012

We show that Miller and Pazgal.s (2001) model of strategic delegation, in which managerial incentives are based upon relative performance, is affected by a non-existence problem which has impact on the price equilibrium. The undercutting incentives generating this result are indeed similar to...

Persistent link: https://www.econbiz.de/10011734216

A Note on Evolutionary Stability of Bertrand Equilibrium

Hehenkamp, Burkhard; Leininger, Wolfgang - 1999

the Cournot model) …

Persistent link: https://www.econbiz.de/10014184323

Reconciling Cournot and Bertrand outcomes : a review

Kirui, Kipyegon Benard - 2013 - April 2013, first draft

This paper reconciles the Cournot and Bertrand Models of oligopolistic competition, highlighting its weaknesses and … giving an opinion thereafter. The pertinent question in this paper is why Cournot (1838) ignored the price and Bertrand (1883 … run by production capacity competition, as advocated by Cournot, equilibrated through price competition in the short run …

Persistent link: https://www.econbiz.de/10010380785

Market formation in bilateral oligopolies

Bloch, Francis; Ferrer, Hélène - 1999

This paper investigates the structure of bilateral oligopolies - a simple version of Shapley Shubik games with two types of traders and two commodities. It shows that interior equilibria exist, studies the example of CES utility functions to uncover the relation between the complementarity of...

Persistent link: https://www.econbiz.de/10011608523

Bertrand and Price-Taking Equilibria in Markets with Product Differentiation

Coloma, German - 2008

In this paper we show that a homogeneous-product market with multiple Bertrand equilibria becomes a market with a single Bertrand equilibrium when we introduce a small degree of product differentiation. When differentiation tends to zero, that Bertrand equilibrium converges to the unique...

Persistent link: https://www.econbiz.de/10012726053

Jann, Ole - 2014

We show that there is a unique correlated equilibrium, identical to the unique Nash equilibrium, in the classic Bertrand oligopoly model with homogenous goods.This provides a theoretical underpinning for the so-called "Bertrand paradox" and also generalizes earlier results on mixed-strategy Nash...

Persistent link: https://www.econbiz.de/10013048838

Jann, Ole - 2014

We show that there is a unique correlated equilibrium, identical to the unique Nash equilibrium, in the classic Bertrand oligopoly model with homogenous goods. This provides a theoretical underpinning for the so-called "Bertrand paradox" and also generalizes earlier results on mixed-strategy...

Persistent link: https://www.econbiz.de/10013050787

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