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The effects of entry in bilateral oligopoly
Dickson, Alex - In: Games 4 (2013) 3, pp. 283-303
The purpose of this paper is to study the effects of entry into the market for a single commodity in which both sellers …’ payoffs may increase. The conditions under which entry by new sellers raises the equilibrium payoffs of existing sellers are … sellers, and encompass entirely standard economic environments. Similar results are derived relating to the entry of …
Persistent link: https://www.econbiz.de/10009785457
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The Effects of Entry in Bilateral Oligopoly
Dickson, Alex - In: Games 4 (2013) 3, pp. 283-303
The purpose of this paper is to study the effects of entry into the market for a single commodity in which both sellers …’ payoffs may increase. The conditions under which entry by new sellers raises the equilibrium payoffs of existing sellers are … sellers, and encompass entirely standard economic environments. Similar results are derived relating to the entry of …
Persistent link: https://www.econbiz.de/10010670656
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The effects of entry in thin markets
Dickson, Alex - Scottish Institute for Research in Economics (SIRE) - 2010
We consider entry of additional firms into the market for a single commodity in which both sellers and buyers are … competition, contrary to the conventional wisdom. We characterize the conditions under which entry by new sellers may raise the …
Persistent link: https://www.econbiz.de/10010553635
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The effects of Entry in thin markets
Dickson, Alex - Economics Department, University of Strathclyde - 2010
We consider entry of additional firms into the market for a single commodity in which both sellers and buyers are … competition, contrary to the conventional wisdom. We characterize the conditions under which entry by new sellers may raise the …
Persistent link: https://www.econbiz.de/10008606480
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Successive Oligopolies in a Pure Exchange Economy
Lahiri, Somdeb - In: Journal of Reviews on Global Economics 1 (2012), pp. 150-156
In this paper we assume a market structure in which there are whole-sellers, retailers and consumers. The product sold to the consumers is initially endowed with the whole-sellers. The whole-sellers value both the product and money. The retailers are not endowed with anything at all. The...
Persistent link: https://www.econbiz.de/10010667374
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Existence and comparative statics in heterogeneous Cournot Oligopolies
Hoernig, Steffen - Faculdade de Economia, Universidade Nova de Lisboa - 2000
We prove the existence of symmetric pure Cournot equilibria with heterogeneous goods under the following condition: each firm reacts to a rise in competirors output in such a way that its market price does not rise. This condition is not related to wether goods are strategic substitutes or...
Persistent link: https://www.econbiz.de/10005600472
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Comparative static and computational methods for an empirical one-to-one transferable utility matching model
Graham, Bryan S. - In: Structural econometric models, (pp. 153-181). 2013
Persistent link: https://www.econbiz.de/10010359146
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Comparative statics for real options on oil: What stylized facts to use?
Lund, Diderik; Nymoen, Ragnar - 2013
Comparative-statics results for financial options are often assumed to hold for real options. But the effects of higher volatility need not be increased value and postponed investment. This depends on signs of correlations and what parameters are held constant. For real options, the...
Persistent link: https://www.econbiz.de/10010330217
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Strategic information transmission and stochastic orders
Szalay, Dezsö - 2012
I develop new results on uniqueness and comparative statics of equilibria in the Crawford and Sobel (1982) strategic information transmission game. For a class of utility functions, I demonstrate that logconcavity of the density implies uniqueness of equilibria inducing a given number of...
Persistent link: https://www.econbiz.de/10010333928
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Comparative statics of altruism amd spite
Milchtaich, Igal - 2008
The equilibrium outcome of a strategic interaction between two or more people may depend on the weight they place on each other's payoff. A positive, negative or zero weight represents altruism, spite or complete selfishness, respectively. Paradoxically, the real, material payoff in equilibrium...
Persistent link: https://www.econbiz.de/10010336031