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This article presents a new approach to analyze the equilibrium set of symmetric, differentiable games by separating multiple symmetric equilibria and asymmetric equilibria. This separation allows the investigation of, for example, how various parameter constellations affect the scope for...
Persistent link: https://www.econbiz.de/10011744039
The digitization of media and the growth of broadband internet has transformed the streaming video industry, and the subscription video on demand (SVOD) industry in particular. Online content providers (CPs) are trying out new business models that upend the traditional television industry that...
Persistent link: https://www.econbiz.de/10013291799
This article is about the interpretation of Nash equilibria of one-shot oligopoly games in competition analysis. Such equilibria are often understood as steady-state equilibria of the corresponding game with continuous interaction between the market players. In my view, such interpretations are...
Persistent link: https://www.econbiz.de/10012965257
We show that for many classes of symmetric two-player games, the simple decision rule "imitate-the-best" can hardly be beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show that it can only be beaten by much in games that are of...
Persistent link: https://www.econbiz.de/10011422207
We show that for many classes of symmetric two-player games, the simple decision rule imitate-the-best can hardly be beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show that it can only be beaten by much in games that are of...
Persistent link: https://www.econbiz.de/10010282117
We show that for many classes of symmetric two-player games, the simple decision rule "imitate-the-best" can hardly be beaten by any other decision rule. We provide necessary and sufficient conditions for imitation to be unbeatable and show that it can only be beaten by much in games that are of...
Persistent link: https://www.econbiz.de/10003949629
This study investigates the impact of pre-play communication on the outcomes in Cournot duopoly and triopoly experiments, using both students and managers as subjects. Communication is implemented by two different devices, a 'standardized-communication' and a free-communication device. We find...
Persistent link: https://www.econbiz.de/10010302699
Two related models of oligopolistic price competition with homogeneous products are presented. These models are based on weaker assumptions about consumer behavior compared to a classical Bertrand model. In both models firms do not necessarily face a discontinuous demand at an equilibrium price...
Persistent link: https://www.econbiz.de/10014135801
The article proposes an evolutionary game theoretical analysis of quality and price competition in oligopoly. Using the notion of a finite population evolutionarily stable strategy (FPESS) defined by Schaffer (1989), the relative payoff maximizing behavior is compared with the absolute payoff...
Persistent link: https://www.econbiz.de/10013047757
One key problem regarding the external validity of laboratory experiments is their duration: while economic interactions out in the field are often lengthy processes, typical lab experiments only last for an hour or two. To address this problem for the case of both symmetric and asymmetric...
Persistent link: https://www.econbiz.de/10009775683