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dataset to be consistent with evolutionary oligopoly model. An empirical application to the oil market with OPEC producers and … context of a quantity competition oligopoly game. This paper aims to present a different solution concept for an evolutionary … model in the asymmetric oligopoly setup where firms have different cost functions to produce a homogenous good. Then, using …
Persistent link: https://www.econbiz.de/10011337011
This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders …, market power increases endogenously as the spare capacity of the competitive fringe goes down. This effect is due to the … specific cost function characteristics of extractive industries. The model captures the increase of OPEC market power before …
Persistent link: https://www.econbiz.de/10009771871
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This article proposes a two-stage oligopoly model for the crude oil market. In a game of several Stackelberg leaders …, market power increases endogenously as the spare capacity of the competitive fringe goes down. This effect is due to the … specific cost function characteristics of extractive industries. The model captures the increase of OPEC market power before …
Persistent link: https://www.econbiz.de/10010342832
Persistent link: https://www.econbiz.de/10012314387
option on an art index, derived from one of the most comprehensive data sets of art market transactions. The option allows … are significantly exposed to art and try to hedge their art exposure by selling a derivative. -- Art Market ; Art Index …The art market has seen boom and bust during the last years and, despite the downturn, has received more attention from …
Persistent link: https://www.econbiz.de/10003947461
; pay-as-bid auction ; discriminatory auction ; divisible good auction ; oligopoly ; electricity market …
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