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There are many situations in which a customer's proclivity to buy the product of any firm depends not only on the classical attributes oft he product such as its price and quality, but also on who else is buying the same product. We model these situations as games in which firms compete for...
Persistent link: https://www.econbiz.de/10012779129
Persistent link: https://www.econbiz.de/10012954856
Around the start of this new millennium, scholars in the operations management/operations research field started to make important contributions to the study of price competition models. In this tutorial, we review these contributions, and partition them into five broad areas. Most of the...
Persistent link: https://www.econbiz.de/10012956388
On-demand platforms (e.g., Uber, Lyft) often rely on independent workers, who are not directly under the platform's control, to be available at the “right” time and locations to serve consumers at short notice. To manage fluctuating demand across market locations (zones), on-demand platforms...
Persistent link: https://www.econbiz.de/10012902466
The present paper is concerned with providing a core model to address the issue of firms simultaneously competing in both prices and quantities (capacity levels) within a simple duopoly market setting where products are asymmetrically differentiated by endogenous quality location. A three-stage...
Persistent link: https://www.econbiz.de/10012896357
In this paper, we characterize the set of pure strategy undominated equilibria in differentiated Bertrand oligopolies with linear demand and constant unit costs when firms may prefer not to produce. When all firms are active, there is a unique equilibrium. However, there is a continuum of...
Persistent link: https://www.econbiz.de/10012935153
We investigate optimal rationing of resources and organizational slack when a principal procures from an agent with private information about fixed and variable costs. We study the problem in a two‐period setting with persistent types and investigate how the optimal rationing and slack depend...
Persistent link: https://www.econbiz.de/10012871709
We derive the optimal selling mechanism for a monopolist who is privately informed about the attributes of a horizontally differentiated good. To do so, we set up an informed principal problem in a Hotelling model where the buyer's preferences are described in terms of a base consumption value...
Persistent link: https://www.econbiz.de/10013006712
In recent years, ad blocking has become a significant threat to advertising supported publishers. Adblockers typically negotiate with publishers, allowing some ads to go through in return for a payment, a practice called "whitelisting'' in the industry. This paper builds an analytic model to...
Persistent link: https://www.econbiz.de/10012853129
This paper studies information acquisition and use in network games. The network structure incorporates both strategic complements (positive links) and substitutes (negative links). An information-use game played on a correlation-adjusted network is derived. Equilibrium inefficiencies in both...
Persistent link: https://www.econbiz.de/10012854885