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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
' order of moves to show that i) Cournot competition is not the subgame perfect Nash equilibrium of the extended game, ii) the …
Persistent link: https://www.econbiz.de/10014075193
Several studies on mixed oligopoly indicate that the ownership pattern of firms does not affect the equilibrium price. This idea often suggests that ownership is irrelevant. In a mixed duopoly under price competition, firm ownership is irrelevant. This study reveals that ownership is irrelevant...
Persistent link: https://www.econbiz.de/10012990802
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where … differential game and investigate (i) the Cournot-Nash game among profit-seeking firms; (ii) the Markov Perfect Nash equilibrium …
Persistent link: https://www.econbiz.de/10011737230
This study investigates mixed markets in which a social welfare-maximizing public firm and a private firm engage in behavior-based price discrimination (BBPD). Total of two cases are considered: one where domestic shareholders completely own the private firm and one where foreign shareholders...
Persistent link: https://www.econbiz.de/10013272877
This paper develops an oligopoly model with firms that may potentially be public or private, and solves it for different cases in which the number and ownership of those firms vary. The results are then compared in terms of total surplus and consumer surplus, and this comparison produces...
Persistent link: https://www.econbiz.de/10010323115
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where … differential game and investigate (i) the Cournot-Nash game among profit-seeking firms; (ii) the Markov Perfect Nash equilibrium …
Persistent link: https://www.econbiz.de/10013128181
The paper provides a micro-founded differentiated duopoly illustration of a beauty contest, in which the relative weight put on the competition motive of the payoffs is not exogenous but may be manipulated by the players. The conflict between the competition and the fundamental motives, already...
Persistent link: https://www.econbiz.de/10012904447
existence of equilibrium. We then apply the solution concept to a matching-based Cournot model in which the unit production cost …
Persistent link: https://www.econbiz.de/10010191642
Allowing firms to cooperate in their R&D is an industrial policy which has received much attention in recent economics literature. Many of these contributions are based on the seminal analysis of d?Aspremont and Jacquemin [1988]. We provide a general version of their model which encompasses...
Persistent link: https://www.econbiz.de/10014213109