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Yasuda, Yosuke - 2012

Theoretical literature on collusion has focused on a specific formulation of payoff fluctuations, namely by demand shocks, and showed that payoff fluctuations are bad for collusion. Introducing general payoff fluctuations, we show that (i) payoff fluctuations may strictly reduce the minimum...

Persistent link: https://www.econbiz.de/10013116979

The 'Average' Within-Sector Firm Heterogeneity in General Oligopolistic Equilibrium

Colacicco, Rudy - 2012

involving n Cournot oligopolists producing horizontally differentiated varieties with constant, though asymmetric, costs. I link …

Persistent link: https://www.econbiz.de/10013103461

Price Patterns Resulting from Different Producer Behavior in Spatial Equilibrium

Mathiesen, Lars - 2012

models of price taking versus the oligopolistic Cournot mode of behavior. Although a particular market, namely the European …

Persistent link: https://www.econbiz.de/10013108157

Multimarket Contact Under Demand Fluctuations : A Limit Result

Sekiguchi, Tadashi - 2013

The present paper studies repeated oligopoly where the firms compete with price in multiple markets. The markets are subject to independent, stochastic fluctuations in demands. The literature points out that while the demand fluctuations generally hinder collusion, the multimarket contact...

Persistent link: https://www.econbiz.de/10013083703

Convergence in the Finite Cournot Oligopoly with Social and Individual Learning

Vallée, Thomas - 2014

Convergence to the Nash equilibrium in a Cournot oligopoly is a question that recurrently arises as a subject of … with adjustment dynamics, and the evolutionary stability of the equilibria of the Cournot game have been extensively … studied in the literature. Several articles show that the Walrasian equilibrium is the stable ESS of the Cournot game. But no …

Persistent link: https://www.econbiz.de/10013066454

Borders, Geography, and Oligopoly : Evidence from the Wind Turbine Industry

Cosar, Kerem - 2014

Using a micro-level dataset of Danish and German wind turbine installations, we estimate a structural oligopoly model with cross-border trade and heterogeneous firms. Our approach allows us to separately identify border-related variable costs from distance-related variable costs, and to put...

Persistent link: https://www.econbiz.de/10013067553

The Predictive Power of One-Shot Oligopoly Models

Ten Kate, Adriaan - 2016

There are two standard versions for one-shot oligopoly games: the Cournot game and the Bertrand game. The common … feature is that in both games the strategic variables are supply curves. Under Cournot the supply curves are vertical lines in … come out somewhere between Bertrand and Cournot, with negative slopes it may end up beyond Cournot and even beyond monopoly …

Persistent link: https://www.econbiz.de/10013000864

Japan's Oligopolies : Potential Gains from Third Arrow Reforms

Asano, Akihito - 2016

Progress has been made in economic reform under the “Abenomics” first (monetary policy) and second (taxation reform) “arrows”. The third, which emphasises structural reforms, has been more politically difficult, thus far yielding mixed results. This paper explores the gains that are...

Persistent link: https://www.econbiz.de/10013001089

Multimarket Linkages, Cartel Discipline and Trade Costs

Agnosteva, Delina - 2018

We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....

Persistent link: https://www.econbiz.de/10012926563

Market Power in International Commodity Trade : The Case of Coffee

Igami, Mitsuru - 2015

-89) raised its price by 75% above the Cournot-competitive level, annually transferring approximately $12 billion from consumers …

Persistent link: https://www.econbiz.de/10013039191