Narrow search
Showing 1 - 10 of 8,006
Cover Image
Endougenous Timing in a Mixed Duopoly
Amir, Rabah; De Feo, Giuseppe - 2012
This paper applies the framework of endogenous timing in games to mixed quantity duopoly, wherein a private domestic or …-perfect equilibrium of the extended game, in sharp contrast to private duopoly games. We provide sufficient conditions for the emergence …
Persistent link: https://www.econbiz.de/10010343823
Cover Image
Reconciling Cournot and Bertrand outcomes : a review
Kirui, Kipyegon Benard - 2013 - April 2013, first draft
) ignored the quantity? From the review, the main conclusion of this paper is that oligopoly competition is guided in the long …
Persistent link: https://www.econbiz.de/10010380785
Cover Image
Finding all pure-strategy equilibria in games with continuous strategies
Judd, Kenneth L.; Renner, Philipp; Schmedders, Karl - In: Quantitative economics : QE ; journal of the … 3 (2012) 2, pp. 289-331
Static and dynamic games are important tools for the analysis of strategic interactions among economic agents and have found many applications in economics. In many games, equilibria can be described as solutions of polynomial equations. In this paper, we describe state-of-the-art techniques for...
Persistent link: https://www.econbiz.de/10011756833
Cover Image
A Note on the Nash Equilibrium in Winner-take-all Bertrand Game
Li, Xinmi; Zheng, Jie - 2022
In this paper, we fully characterize the Nash Equilibrium in the winner-take-all Bertrand Game, showing that a mixed strategy profile is a Nash Equilibrium, if and only if it is a zero operating profit one, and there exist at least two players whose bids are all unprofitable. Compared with...
Persistent link: https://www.econbiz.de/10014080623
Cover Image
Cournot games with biconcave demand
Ewerhart, Christian - 2014 - Revised version, January 2014
Biconcavity is a simple condition on inverse demand that corresponds to the ordinary concept of concavity after simultaneous parameterized transformations of price and quantity. The notion is employed here in the framework of the homogeneous-good Cournot model with potentially heterogeneous...
Persistent link: https://www.econbiz.de/10010354642
Cover Image
Evolutionary stability in asymmetric oligopoly : a non-Walrasian result
Leininger, Wolfgang; Moghadam, Hamed M. - 2014
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 … order to transform the game with asymmetric firms into a symmetric oligopoly game and then extend Schaffer’s definition …
Persistent link: https://www.econbiz.de/10010399434
Cover Image
Exploration and Exhaustibility in Dynamic Cournot Games
Ludkovski, Michael - 2011
We study the stochastic effect of resource exploration in dynamic Cournot models of exhaustible resources, such as oil. We first treat the case of a monopolist who may undertake costly exploration to replenish his diminishing reserves. We then consider a stochastic game between such an...
Persistent link: https://www.econbiz.de/10013130312
Cover Image
Why is Cournot Cournot and Bertrand Bertrand? The Role of the Strategic Variable in One-Shot Oligopoly Games
Ten Kate, Adriaan - 2014
In Cournot games the strategic variable is output and players maximize profits assuming that the other players keep their outputs fixed. In Bertrand games the strategic variable is price and players assume the other players to keep their prices fixed. In this article I argue that it is not the...
Persistent link: https://www.econbiz.de/10013048759
Cover Image
Cartel formation in Cournot competition with asymmetric costs : a partition function approach
Abe, Takaaki - In: Games 12 (2021) 1/14, pp. 1-16
In this paper, we use a partition function form game to analyze cartel formation among firms in Cournot competition. We assume that a firm obtains a certain cost advantage that allows it to produce goods at a lower unit cost. We show that if the level of the cost advantage is "moderate", then...
Persistent link: https://www.econbiz.de/10012432603
Cover Image
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 … the results of the literature on evolutionary learning in oligopoly can analytically be characterized through the …
Persistent link: https://www.econbiz.de/10014142763