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COURNOT Vs STACKELBERG EQUILIB...
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1
On preemption in discrete and continuous time
Steg, Jan-Henrik
-
2016
The seminal work of Fudenberg and Tirole (1985) on how preemption erodes the value of an option to wait raises general questions about the relation between models in discrete and continuous time and thus about the interpretation of its central result, relying on an "infinitely fine grid". Here...
Persistent link: https://www.econbiz.de/10011449161
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2
Estimating Discrete Games with Many Firms and Many Decisions : An Application to Merger and Product Variety
Fan, Ying
;
Yang, Chenyu
-
National Bureau of Economic Research
-
2022
This paper presents a new method for estimating discrete games based on bounds of conditional choice probabilities. The method does not require solving the game and is scalable to models with many firms and many discrete decisions. We apply the method to study merger effects on firm entry and...
Persistent link: https://www.econbiz.de/10013334365
Saved in:
3
Nonparametric Estimation of the Costs of Non-Sequential Search
Moraga-Gonzalez, Jose Luis
;
Sandor, Zsolt
;
Wildenbeest, …
-
2008
We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an equilibrium in mixed strategies always exists. We then examine the nonparametric identification and estimation of the costs of search. We find that the sequence of points on the...
Persistent link: https://www.econbiz.de/10010325345
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4
Dynamic Price Competition : Theory and Evidence from Airline Markets
Hortaçsu, Ali
;
Oery, Aniko
;
Williams, Kevin R.
-
National Bureau of Economic Research
-
2022
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...
Persistent link: https://www.econbiz.de/10013362001
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5
A Dynamic Oligopoly Game of the US Airline Industry : Estimation and Policy Experiments
Aguirregabiria, Victor
-
2016
This paper studies the contribution of demand, costs, and strategic factors to the adoption of hub-and-spoke networks in the US airline industry. Our results are based on the estimation of a dynamic oligopoly game of network competition using data from the Airline Origin and Destination Survey...
Persistent link: https://www.econbiz.de/10012706994
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6
Unbeatable imitation
Duersch, Peter
;
Oechssler, Joerg
;
Schipper, Burkhard
-
2012
,
Cournot
duopoly, price competition, public goods games, common pool resource games, and minimum effort coordination games …
Persistent link: https://www.econbiz.de/10009544162
Saved in:
7
When is tit-for-tat unbeatable?
Dürsch, Peter
;
Oechssler, Joerg
;
Schipper, Burkhard
-
2013
-
Revised version
all symmetric 2x2 games, and standard examples of
Cournot
duopoly, price competition, public goods games, common pool …
Persistent link: https://www.econbiz.de/10009743040
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8
Endogeneity in Entry Games : U.S. Cellphone Service Deployment
Lin, Zhongjian
;
Tang, Xun
;
Xiao, Mo
-
2021
In some Bayesian games, payoff-relevant states are influenced by unobserved heterogeneity that also directly affects strategic decisions. When ignored, such endogeneity leads to erroneous parameter inference and policy implications. We introduce a control-function approach for estimating such...
Persistent link: https://www.econbiz.de/10013249918
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9
Does competition reduce price discrimination? New evidence from the airline industry
Gerardi, Christopher
;
Shapiro, Adam Hale
-
2007
This paper analyzes the effects of market structure on price dispersion in the airline industry, using panel data from 1993 through 2006. The results found in this paper contrast with those of Borenstein and Rose (1994), who found that price dispersion increases with competition. We find that...
Persistent link: https://www.econbiz.de/10010280961
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10
Tax incidence on competing two-sided platforms : lucky break or double jeopardy
Belleflamme, Paul
;
Toulemonde, Eric
-
2016
We consider the effects of taxes for competing two-sided platforms. We first detail how a platform passes a tax increase on its prices. Adding price competition, we study next how the tax affects profits. Because of the strategic implications of the cross-side external effects, the tax increase...
Persistent link: https://www.econbiz.de/10011459129
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