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Information, intelligence and resource advantage: A multi-market multi-theoretic call for research
Adams, Frank G.; Richey Jr., R. Glenn; Harvey, Michael G.; … - 2010
Market orientation has been cited as a source of competitive advantage that allows the firm to construct offerings superior to those of competitors by the effective collection and dissemination of and reaction to market intelligence. Previous work on market orientation has focused on the effort...
Persistent link: https://www.econbiz.de/10009441806
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Prospect Theory and Market Liquidity
Pasquariello, Paolo - 2008
better-informed speculators displays preferences consistent with Kahneman and Tversky’s (1979) Prospect Theory, i.e., loss …
Persistent link: https://www.econbiz.de/10009476764
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Two Essays in Business Cycle Theory
Ahmad, Nazneen - 2005
negligible. The second essay follows up on this argument by incorporating prospect theory into the formulation of individual … preferences. Prospect theory proposes that agents care about changes in their wealth level rather than the level of their final … prospect theory, therefore, the agents take fluctuations in the asset returns seriously. Results from empirical tests find that …
Persistent link: https://www.econbiz.de/10009451066
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Asset Pricing with Heterogeneous Agents, Incomplete Markets and Trading Constraints
Karagyozova, Tsvetanka - 2007
elements of the prospect theory developed by Kahneman and Tversky (1979). In addition to consumption, stockholders consider …
Persistent link: https://www.econbiz.de/10009430235
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Modeling Security and Cooperation in Wireless Networks Using Game Theory
Kamhoua, Charles A. K. - 2011
misbehavior resolution protocols for ad hoc networked devices. Game theory was used to analyze strategic interaction among … system operation feasible. Motivated by the versatile nature of evolutionary game theory, the assumption of a rational node … malicious attacks. Therefore, using game theory and evolutionary game theory, a mathematical framework has been developed that …
Persistent link: https://www.econbiz.de/10009460501
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Market Power in the England and Wales Wholesale Electricity Market 1995-2000
Sweeting, Andrew - 2004
This paper shows that generators exercised increasing market power in the England and Wales wholesale electricity market in the second half of the 1990s despite declining market concentration. It examines whether this was consistent with static, non-cooperative oligopoly models, which are widely...
Persistent link: https://www.econbiz.de/10009441995
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Strategic Behavior on Financial Markets
Kannai, Yakar; Rosenmüller, Joachim - 2003
We discuss the strategic behavior of agents on a financial market in the presence of a central bank which is borrowing and lending money.
Persistent link: https://www.econbiz.de/10009452447
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The double monopoly has no Nash equilibrium
Böhm, Volker; Lensberg, Terje - 1991
Persistent link: https://www.econbiz.de/10009452458
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Game Theoretic Bidding Strategies for Auctions in Green Electricity Markets
Ghosh, Dipayan - 2010
Electricity markets in the United States presently employ an auction mechanism to determine the dispatch of power generation units. In this market design, generators submit bid prices to a regulation agency for review, and the regulator conducts an auction selection in such a way that satisfies...
Persistent link: https://www.econbiz.de/10009429951
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A Game Theoretic Modeling and Analysis for Internet Access Market
Shin, Seung-Jae; Correa, Hector; Weiss, Martin - 2002
In this paper, we study the local dial-up Internet access market using a game theoretic model. Inparticular, we consider the Nash equilibrium of the service providers and examine their behavioron investment and output level. We calibrate this model to fit the industry structure and datafound in...
Persistent link: https://www.econbiz.de/10009432833