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Collusion in experimental Bertrand duopolies with convex costs : the role of cost asymmetry

Argenton, Cédric; Müller, Wieland - In: International journal of industrial organization 30 (2012) 6, pp. 508-517

Persistent link: https://www.econbiz.de/10009699688

Gudino, Gustavo - In: Games 12 (2021) 3, pp. 1-18

A dynamic Bertrand-duopoly model where price leadership emerges in equilibrium is developed. In the price leadership equilibrium, a firm leads price changes and its competitor always matches in the next period. The firms produce a homogeneous product and are identical except for the information...

Persistent link: https://www.econbiz.de/10012607377

Dynamic pricing of perishable assets under competition

Gallego, Guillermo; Hu, Ming - In: Management science : journal of the Institute for … 60 (2014) 5, pp. 1241-1259

Persistent link: https://www.econbiz.de/10010369816

Choosing whether to compete : price and format competition with consumer confusion

Crosetto, Paolo; Gaudeul, Alexia - 2014

We run a market experiment where firms can choose not only their price but also whether to present comparable offers. They are faced with artificial demand from consumers who make mistakes when assessing the net value of products on the market. If some offers are comparable however, some...

Persistent link: https://www.econbiz.de/10010433911

Price and inventory dynamics in an oligopoly industry : a framework for commodity markets

Steinmetz, Alexander - In: The B.E. journal of theoretical economics 16 (2016) 1, pp. 159-180

Persistent link: https://www.econbiz.de/10011431353

Exploding offers and buy-now discounts

Armstrong, Mark; Zhou, Jidong - 2010

A common sales tactic is for a seller to encourage a potential customer to make her purchase decision quickly. We consider a market with sequential consumer search in which firms often encourage first-time visitors to buy immediately, either by making an “exploding offer” (which permits no...

Persistent link: https://www.econbiz.de/10011524813

A model of strategic targeted advertising

Galeotti, Andrea; Moraga-González, José Luis - 2004

We study a simultaneous move game of targeted advertising and pricing in a market with various consumer segments. In this setting we explore the implications of market segmentation on firm competitiveness. If firms are unable to target their ads on different consumer segments, a unique...

Persistent link: https://www.econbiz.de/10011401331

Oligopolistic competition in price and quality

Dubovik, Andrei; Janssen, Maarten C. W. - 2008

We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...

Persistent link: https://www.econbiz.de/10011376636

Strategic targeted advertising

Galeotti, Andrea; Moraga-González, José Luis - 2003

We present a strategic game of pricing and targeted-advertising. Firms cansimultaneously target priceadvertisements to different groups of customers, or to the entiremarket. Pure strategy equilibria do not exist and thus marketsegmentation cannot occur surely. Equilibria exhibit random...

Persistent link: https://www.econbiz.de/10011333902

Price and non-price competition in oligopoly : an analysis of relative payoff maximizers

Moghadam, Hamed M. - 2015

Do firms under relative payoffs maximizing (RPM) behavior always choose a strategy profile that results in tougher … competition compared to firms under absolute payoffs maximizing (APM) behavior? In this paper we will address this issue through a … simple model of symmetric oligopoly where firms select a two dimensional strategy set of price and a non-price variable known …

Persistent link: https://www.econbiz.de/10011337030