We devise a nonparametric test of strategic behavior in a multiproduct Cournot oligopoly. It is assumed that firms have cost functions that do not change over the period of observation but that market demand can change in each period. Market prices and firm-specific production quantities are...

This paper first examines a price-setting mixed duopoly game with production subsidies where a public firm acts as a leader against a private firm. Second, the paper examines a price-setting duopoly game with production subsidies where the public firm remains a leader after privatization. Third,...

In a typical corporate hierarchy, the manager is delegated the authority to make strategic decisions, and to contract with other employees. By studying a model with one principal and two agents where one agent can gather information that is valuable for the principal's project choice and the...

This paper examines partial privatisation in a price-setting mixed duopoly model to reassess the welfare effect of production subsidies. It is shown that the result of this study is basically the same as that of the existing quantity-setting mixed market model.

In this paper we apply the complete analysis of a differentiable game (recently introduced by the author) to determine possible suitable behaviors (actions) of tourism firms during strategic interactions with other tourism firms, from both non-cooperative and cooperative point of view. To...

This paper examines the effect of salvage market on strategic technology choice and capacity investment decision of two firms that compete on the amount of output they produce under demand uncertainty. A game theoretic model applies such that in the first stage firms choose their production...

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...

This study examines a price-setting mixed duopoly with production subsidies and demonstrates that under the optimal production subsidy of each of substitutive, independent and complementary goods, profits and economic welfare are respectively identical in the three regimes of (i) a public firm...

This paper considers a mixed Cournot duopoly model comprising a private firm and a partially privatized public firm to reassess the effect of an increase in ambient charges, and compares the result of this study with that obtained from private Cournot duopoly competition. The paper demonstrates...

One-shot interaction and repeated interaction often co-exist in the real world. We study possible behavioral effects of this co-existence in a principal-agent setting, in which a principal simultaneously employs a permanent and a temporary agent. Our experimental results indicate that there is...