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Edgeworth Cycles and Focal Prices : Computational Dynamic Markov Equilibria

Noel, Michael D. - 2004

& Tirole [1988] theory of Edgeworth Cycles to a wide range of more complicated and realistic settings. Taking a computational … approach to search for Markov Perfect Equilibria, I examine models involving duopoly and triopoly, differentiation, capacity …

Persistent link: https://www.econbiz.de/10014069426

Strategic Trade Policy in General Oligopolistic Equilibrium

Colacicco, Rudy - 2012

This paper studies how cross-sector strategic trade policy affects wages, country-wide profits, and welfare. I develop a simple model of two-country continuum-of-sectors general oligopolistic equilibrium. Demands are linear and sectors involve one domestic firm competing on quantity with its...

Persistent link: https://www.econbiz.de/10014040689

Innovation and the Emergence of Market Dominance

Athey, Susan; Schmutzler, Armin - 2013

quality-improving investments. In many commonly-studied oligopoly games, such investments are strategic substitutes. We derive … commonly-studied oligopoly models. We also highlight plausible countervailing effects from two distinct sources. First, leading …, when firms are sufficiently patient. Key words: oligopoly games, strategic substitutes, innovation, investment, increasing …

Persistent link: https://www.econbiz.de/10014042210

Competition and Product Innovation in Dynamic Oligopoly

Goettler, Ronald L.; Gordon, Brett R. - 2013

We investigate the relationship between competition and innovation using a dynamic oligopoly model that endogenizes …

Persistent link: https://www.econbiz.de/10014042417

A Nash-in-Nash Model of Corporate Control and Oligopolistic Competition under Common Ownership

Vravosinos, Orestis - 2023

This paper proposes a model of corporate control and oligopolistic competition under common ownership. Each firm’s conduct results from Nash bargaining (NB) among shareholders and firms play a Nash equilibrium in Nash bargains. NB encompasses a rich class of models of corporate control under...

Persistent link: https://www.econbiz.de/10014354145

Inducing Efficiency in Oligopolistic Markets with Increasing Returns to Scale

Sengupta, Abhijit; Tauman, Yair - 2012

We consider a Cournot oligopoly market of firms possessing increasing returns to scale technologies (which may not be …

Persistent link: https://www.econbiz.de/10014210475

Merger efficiencies and price effects in differentiated Cournot oligopoly

Sandford, Jeremy - 2021

Suppose differentiated firms compete in quantities. This paper derives a formula for the minimum cost savings that would offset the incentive to increase price created by a merger. The formula depends only on pre-merger information on margins and demand slopes, and is invariant to demand and...

Persistent link: https://www.econbiz.de/10013324333

Strategic trade policy and the home bias in firm ownership structure

Huck, Steffen; Konrad, Kai A. - 2003

firms compete in an international Cournot oligopoly, and in which countries use strategic trade policy. We find that firms …

Persistent link: https://www.econbiz.de/10001754908

Strategic trade policy and merger profitability

Huck, Steffen; Konrad, Kai A. - 2003

We study the profitability incentives of merger and the endogenous industry structure in a strategic trade policy environment. Merger changes the strategic trade policy equlilibrium. We show that merger can be profitable and welfare enhancing here, even though it would not be profitable in a...

Persistent link: https://www.econbiz.de/10001771983

Strategic trade policy in general oligopolistic equilibrium

Colacicco, Rudy - 2013

Persistent link: https://www.econbiz.de/10009785319