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Duopoly Competition, Escape Dynamics and Non-Cooperative Collusion

Janjgava, Batlome - 2012

In this paper, we study an imperfect monitoring model of duopoly under similar settings as in Green and Porter (1984 …), but here firms do not know the demand parameters and learn about them over time through the price signals. We investigate … happens even without a demand shock. Moreover, in this model an expected price serves as an endogenous price threshold, which …

Persistent link: https://www.econbiz.de/10013113984

Can They Beat the Cournot Equilibrium? Learning with Memory and Convergence to Equilibria in a Cournot Oligopoly

Vallée, Thomas; Yildizoglu, Murat - 2014

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), and qualify the role of random experimenting, social...

Persistent link: https://www.econbiz.de/10014142763

Designing stable mechanisms for economic environments

Healy, Paul J.; Mathevet, Laurent - In: Theoretical economics : TE ; an open access journal in … 7 (2012) 3, pp. 609-661

We study the design of mechanisms that implement Lindahl or Walrasian allocations and whose Nash equilibria are dynamically stable for a wide class of adaptive dynamics. We argue that supermodularity is not a desirable stability criterion in this mechanism design context, focusing instead on...

Persistent link: https://www.econbiz.de/10011689095

Social learning and delay in a dynamic model of price competition

Aoyagi, Masaki; Bhallay, Manaswini; Gunayz, Hikmet - 2014

This paper studies dynamic price competition over two periods between two firms selling differentiated durable goods to two buyers who are privately informed about their types, but have valuations of the two goods dependent on the other buyer's type. The firms' pricing strategy in period 1 must...

Persistent link: https://www.econbiz.de/10010381472

Can they beat the Cournot equilibrium? : learning with memory and convergence to equilibria in a Cournot oligopoly

Vallée, Thomas; Yıldızoğlu, Murat - In: Computational economics 41 (2013) 4, pp. 493-516

Persistent link: https://www.econbiz.de/10009730057

Games without winners : catching-up with asymmetric spillovers

Bondarev, Anton - In: Dynamic games and applications : DGA 11 (2021) 4, pp. 670-703

Persistent link: https://www.econbiz.de/10012666346

Duopoly competition, escape dynamics and non-cooperative collusion

Janjgava, Batlome; Slobodyan, Sergey - 2011

Persistent link: https://www.econbiz.de/10009422778

Nonatomic potential games : the continuous strategy case

Cheung, Man-Wah; Lahkar, Ratul - In: Games and economic behavior 108 (2018), pp. 341-362

Persistent link: https://www.econbiz.de/10011982833

Adaptive rules for discrete-time Cournot games of high competition level markets

Chrysanthopoulos, Nikolaos; Papavassilopoulos, George P. - In: Operational research : an international journal 21 (2021) 4, pp. 2879-2906

Persistent link: https://www.econbiz.de/10012663304

Testing the TASP : an experimental investigation of learning in games with unstable equilibria

Cason, Timothy N.; Friedman, Daniel; Hopkins, Ed - 2009

We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The “TASP” (Time Average of the Shapley Polygon) gives a precise prediction about what happens when there is divergence from equilibrium under fictitious play like learning processes....

Persistent link: https://www.econbiz.de/10003921539

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