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Projects involving new product development often require tight collaboration among several firms. The success of such projects depends on all firms' committing resources and generating high quality outputs. We consider a setting with a firm and her collaborator engaging in a collaborative...
Persistent link: https://www.econbiz.de/10014109814
We develop a model of Cournot competition between capacity-constrained firms that sell a single good to multiple regions. We provide a novel characterization for the unique equilibrium allocation of the good across regions and design an algorithm to compute it. We show that a reduction in...
Persistent link: https://www.econbiz.de/10014110175
Vega-Redondo (1997) showed that imitation leads to the Walrasian outcome in Cournot Oligopoly. We generalize his result to aggregative quasi-submodular games. Examples are the Cournot Oligopoly, Bertrand games with differentiated complementary products, Common-Pool Resource games, Rent-Seeking...
Persistent link: https://www.econbiz.de/10014093731
We present a formal model of symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round a la Vega-Redondo (1997). Optimizers play a myopic best response to the opponents'...
Persistent link: https://www.econbiz.de/10014104403
We study two main questions in this paper: 1) How do spillovers of knowledge created by manufacturers' investments in process innovation affect channel structure and effort investment incentives? 2) What are the interactions between organizational incentives to form joint ventures and strategic...
Persistent link: https://www.econbiz.de/10014026071
proof or to the skill of CI/CE operatives. In fact, the regulated and the regulators oppose strict enforcement of laws …
Persistent link: https://www.econbiz.de/10014026349
We advance an image of coopetition as a synthesis of the two alternative paradigms developed in the literature about the nature of the interdependences among firms; i.e., the competitive paradigm versus the cooperative paradigm. The competitive paradigm postulates divergent interest-based...
Persistent link: https://www.econbiz.de/10014027614
In the economic literature on market competition, firms are often modelled as individual decision makers and the internal organization of the firm is neglected (unitary player assumption). However, as the literature on strategic delegation suggests, one can not generally expect that the behavior...
Persistent link: https://www.econbiz.de/10014029080
We analyze two- and three-dimensional variants of Hotelling's model of differentiated products. In our setup, consumers can place different importance on each product attribute; this is measured by a weight in the disutility of distance in each dimension. Two firms play a two-stage game; they...
Persistent link: https://www.econbiz.de/10014029642
The New Zealand telecommunications experience illustrates the process of competition in a market for network services, characterised by technological change and minimal regulation. The story of free ISPs is merely one episode in the battle of Telecom and Clear for the New Zealand...
Persistent link: https://www.econbiz.de/10014029689