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This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders …
Persistent link: https://www.econbiz.de/10009771871
Within a simple model of homogeneous oligopoly, we show that the traditional ranking between Bertrand and Cournot …
Persistent link: https://www.econbiz.de/10011715895
Persistent link: https://www.econbiz.de/10002093343
It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the … order to transform the game with asymmetric firms into a symmetric oligopoly game and then extend Schaffer’s definition …
Persistent link: https://www.econbiz.de/10010399434
) ignored the quantity? From the review, the main conclusion of this paper is that oligopoly competition is guided in the long …
Persistent link: https://www.econbiz.de/10010380785
This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders …
Persistent link: https://www.econbiz.de/10010342832
This paper applies the framework of endogenous timing in games to mixed quantity duopoly, wherein a private domestic or …-perfect equilibrium of the extended game, in sharp contrast to private duopoly games. We provide sufficient conditions for the emergence …
Persistent link: https://www.econbiz.de/10010343823
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Persistent link: https://www.econbiz.de/10011736805
We show that Miller and Pazgal.s (2001) model of strategic delegation, in which managerial incentives are based upon relative performance, is affected by a non-existence problem which has impact on the price equilibrium. The undercutting incentives generating this result are indeed similar to...
Persistent link: https://www.econbiz.de/10011734216