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We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our …
Persistent link: https://www.econbiz.de/10013295651
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our …
Persistent link: https://www.econbiz.de/10014487322
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
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 …Einem bekannten und überraschenden Result zufolge ist das langfristige evolutionäre Gleichgewicht in einem endlichen …
Persistent link: https://www.econbiz.de/10010399434
In Cournot games the strategic variable is output and players maximize profits assuming that the other players keep … Cournot equilibrium and when firms set outputs but assume prices fixed, the Bertrand equilibrium is obtained. In general, what …
Persistent link: https://www.econbiz.de/10013048759
homogeneous and heterogeneous product, Cournot, Tullock competition) the Nash-2 equilibrium sets are obtained and considered as …
Persistent link: https://www.econbiz.de/10013024415
This paper investigates the existence of strong Nash equilibria (SNE) in Cournot and Bertrand oligopoly models. Given …
Persistent link: https://www.econbiz.de/10012987974
This article analyses the ability of the learning firms in a Cournot oligopoly to discover market solutions more … collusive that the Cournot equilibrium (CE). We start from the results of Vallée and Yildizoglu (2009) and of Alos-Ferrer (2004 …
Persistent link: https://www.econbiz.de/10014142763
Cournot and Bertrand oligopoly equilibria are usually explained by strategic interactions, e.g., the best … least likely in Cournot oligopoly with homogeneous goods under simultaneous moves, it is still guaranteed under sequential … moves as assumed by Cournot originally. Hence, oligopoly equilibria can be better explained without strategic interaction …
Persistent link: https://www.econbiz.de/10014345458
This paper examines both leadership choice and welfare consequences of privatisation in an endogenous timing mixed multi‐product oligopoly. It shows that a multi‐product firm undermines the welfare‐maximising efforts of a public firm by cross‐subsidising. The paper demonstrates that a...
Persistent link: https://www.econbiz.de/10014127133