This paper shows that when firms compete on prices in a mixed duopoly, the public firm chooses over-capacity when products are substitutes and under-capacity when products are complements. The private firm always chooses under-capacity. This result is in contrast with that obtained in the...

In this survey, I look into experimental studies on duopolistic quantity competition with homogeneous products and duopolistic price competition with heterogeneous products. The focus is on the sequence of competition. That is, I summarize and analyze experimental studies checking Cournot...

Summary We consider a model of a price setting monopolistic firm that has to decide on a price adjustment in light of some new information about the uncertain demand for its product. It is assumed that the firm applies the so-called minimax adjustment principle for this purpose. This optimality...

This paper addresses the lack of context-sensitivity in institutional analysis by introducing control process theory. It suggests that institutions can be seen as control process superstructures that provide a specific environment within which control action is undertaken for a principal–agent...

Рассмотрена модель календарного планирования производства с нечеткими критериями и ограничениями. Модель базируется на применении теории нечетких множеств. В...