We investigate asymmetric price transmission (APT) in laboratory experiments and find that imperfect tacit collusion is …

equilibrium) in a differentiated duopoly with process innovation. One of the important features in this paper is that spillovers … four separate organization setups (Full Competition, Semi-collusion in Production, Semi-collusion in R&D and Full Collusion …). It is found that under technological proximity, competitions at the upstream stage depress R&D investment, and firms …

We offer a new perspective on games of irreversible investment under uncertainty in continuous time. The basis is a …

We offer a new perspective on games of irreversible investment under uncertainty in continuous time. The basis is a … processes. -- Irreversible investment ; Stochastic game ; Oligopoly ; Real options ; Equilibrium …

We offer a new perspective on games of irreversible investment under uncertainty in continuous time. The basis is a …

the other hand, the capacity size is exogenously given, the investment order changes and the entrant invests before the …

In the strategic investment under uncertainty literature the trade off between the value of waiting known from single … decision maker models and the incentive to preempt competitors is mainly studied in duopoly models. This paper aims at studying … accordion effect in terms of investment thresholds is detected in the sense that an exogenous demand shock results in a change …

We present a duopoly model of strategic capital accumulation in continuous time with uncertainty, such that investment … Pareto-rankable family of Markov perfect equiblibria in symmetric strategies, according to which implicit collusion induces …

potential for product market collusion. For that we utilize a dynamic model of R&D whereby we consider all possible initial … extension of the cooperative agreement towards collusion in the product market is not necessarily welfare reducing: if firms …