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The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly …
Persistent link: https://www.econbiz.de/10011538885
Price competition with increasing marginal costs, though relevant for many markets, appears as an under …-researched field in the experimental oligopoly literature. We provide results from an experiment that varies the number of firms as … well as the demand rationing and matching schemes in Bertrand-Edgeworth markets with increasing marginal costs and …
Persistent link: https://www.econbiz.de/10011411148
This article presents a new approach to analyze the equilibrium set of symmetric, differentiable games by separating multiple symmetric equilibria and asymmetric equilibria. This separation allows the investigation of, for example, how various parameter constellations affect the scope for...
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power. Examples include the labor-managed firm, mixed oligopoly, and delegation models. These models typically retain the …
Persistent link: https://www.econbiz.de/10011565597
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standard price and quantity setting oligopoly models. We then study the relation between the number of joint projects and …
Persistent link: https://www.econbiz.de/10011333896
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We extend a well known differential oligopoly game to encompass the possibility for production to generate a negative …
Persistent link: https://www.econbiz.de/10011729254