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Endogenous Quality Choice : Price and Quantity Competition
Selim, Tarek H. - 2019
The present paper is concerned with providing a core model to address the issue of firms simultaneously competing in both prices and quantities (capacity levels) within a simple duopoly market setting where products are asymmetrically differentiated by endogenous quality location. A three-stage...
Persistent link: https://www.econbiz.de/10012896357
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Transaction Costs, Firms’ Growth and Oligopoly : Case Studies in Hong Kong Real Estate Agencies’ Branch Locations
Li, Rita Yi Man - 2014
Persistent link: https://www.econbiz.de/10013056475
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Cournot retrouvé under price or supply function competition
Delbono, Flavio; Lambertini, Luca - 2015
competition and Cournot conjectures; and (ii) supply function competition with ex post market clearing. We demonstrate both …
Persistent link: https://www.econbiz.de/10011715827
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Bertrand-Edgeworth markets with increasing marginal costs and voluntary trading : experimental evidence
Jacobs, Martin; Requate, Tilman - 2016
Price competition with increasing marginal costs, though relevant for many markets, appears as an under-researched field in the experimental oligopoly literature. We provide results from an experiment that varies the number of firms as well as the demand rationing and matching schemes in...
Persistent link: https://www.econbiz.de/10011411148
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Edgeworth Cycles and Focal Prices : Computational Dynamic Markov Equilibria
Noel, Michael D. - 2004
Motivated by the discovery of apparent Edgeworth Cycles in many retail gasoline markets, this paper extends the Maskin & Tirole [1988] theory of Edgeworth Cycles to a wide range of more complicated and realistic settings. Taking a computational approach to search for Markov Perfect Equilibria, I...
Persistent link: https://www.econbiz.de/10014069426
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Supply function equilibria of pay-as-bid auctions
Holmberg, Pär - 2009
. Demand by the auctioneer is uncertain as in the supply function equilibrium model. A closed form expression is derived …-ups of the derived equilibrium are compared to results for the SFE of a uniform-price auction. -- supply function equilibrium …
Persistent link: https://www.econbiz.de/10003809072
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Game theoretical, strategic forward contracting in the electricity market
Holmberg, Pär (contributor) - 2008
. Conditions under which strategies are substitutes are identified for a two-stage game with supply function competition and … capacity constrained producers. -- supply function equilibrium ; forward market ; strategic contracting ; arbitrage ; strategic …
Persistent link: https://www.econbiz.de/10003723934
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Investigating the Strategic Nature of Supply Functions in Oligopoly
Delbono, Flavio - 2015
We show that supply functions cannot be classified as either strategic complements or substitutes according to the … and strengthen our result by proving that the game in supply functions is neither supermodular nor submodular …
Persistent link: https://www.econbiz.de/10013021217
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Cournot Retrouvé Under Price or Supply Function Competition
Delbono, Flavio - 2015
competition and Cournot conjectures; and (ii) supply function competition with ex post market clearing. We demonstrate both …
Persistent link: https://www.econbiz.de/10013024253
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Ranking Bertrand, Cournot and Supply Function Equilibria in Oligopoly
Delbono, Flavio - 2015
We show that the standard argument according to which supply function equilibria rank intermediate between Bertrand and … Cournot equilibria may be reversed. We prove this result within a static oligopolistic game in which both supply function … supply function equilibrium. Such reversal of the typical ranking occurs when price-setting mimics collusion. We then show …
Persistent link: https://www.econbiz.de/10013024671