Showing 1 - 10 of 68,702
We provide a review of the types of equilibria typically found in operations management inventory papers and a discussion on when the commonly used stationary infinite-horizon (open-loop) equilibrium may be sufficient for study. We focus particularly on order-up-to and basestock equilibria in...
Persistent link: https://www.econbiz.de/10014035530
This paper derives the dynamic implications for price setting in an Edgeworth oligoppoly game with N2 competitors. The impetus to the dynamic game are "conjectured" variations in the prices set by competing firms whereby each firm expresses its belief that a decrease in its own price will be met...
Persistent link: https://www.econbiz.de/10013403842
this seemingly counter-intuitive fact in a heterogeneous duopoly consisting of an adaptive price-taker and a dynamic …
Persistent link: https://www.econbiz.de/10010573074
optimally operates a base-stock inventory policy. The subsequent two models consider a duopoly where the potential market for a …
Persistent link: https://www.econbiz.de/10013010779
We study an example of infinitely repeated games in which symmetric duopolistic firms produce experience goods. After consuming the products, short-run consumers only observe imperfect public information about product quality. We characterize perfect public equilibrium payoff set E(δ) of firms...
Persistent link: https://www.econbiz.de/10011260559
We consider a two-stage serial supply chain with capacity limits, where each installation is operated by managers attempting to minimize their own costs. A multiple-period model is necessitated by the multiple stages, capacity limits, stochastic demand, and the explicit consideration of...
Persistent link: https://www.econbiz.de/10014040384
The theory of monotone comparative statics and supermodular games is presented as the appropriate tool to model complementarities. The approach, which has not yet been fully incorporated into the standard toolbox of researchers, makes the analysis intuitive and simple, helps in deriving new...
Persistent link: https://www.econbiz.de/10005123543
The present study analyses the dynamics of a nonlinear Cournot duopoly with managerial delegation and bounded rational …
Persistent link: https://www.econbiz.de/10011108258
This paper analyses the dynamics of a nonlinear Cournot duopoly with general isoelastic demand (quasi …
Persistent link: https://www.econbiz.de/10011117183
The present study analyses the dynamics of a Cournot duopoly with managerial sales delegation and bounded rational … players. We find that when firms’ owners hire a manager and delegate the output decisions to him, the unique Cournot …
Persistent link: https://www.econbiz.de/10009323940