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markets. The paper shows that if reciprocal firms compete a la Cournot, then they are able to sustain quot … reciprocity equilibrium. The results for inequity aversion are similar. Cournot competition between inequity averse firms can be …
Persistent link: https://www.econbiz.de/10012729710
price-cost margins - of exogenously changing the number of firms in Cournot markets. This includes an in-depth exploration …
Persistent link: https://www.econbiz.de/10012729859
This paper first introduces an approach relying on market games to examine how successive oligopolies do operate between downstream and upstream markets. This approach is then compared with the traditional analysis of oligopolistic interaction in successive markets. The market outcomes resulting...
Persistent link: https://www.econbiz.de/10012730328
We consider the issue of first versus second-mover advantage in differentiated-product Bertrand duopoly with general demand and asymmetric linear costs. We generalize existing results for all possible combinations where prices are either strategic substitutes and/or complements, dispensing with...
Persistent link: https://www.econbiz.de/10012730634
We study a dominant firm Cournot oligopoly, with one low-cost firm and one or more high-cost firms. If equilibrium is …
Persistent link: https://www.econbiz.de/10012732990
We consider a software vendor first selling a monopoly platform and then an application running on this platform. He may face competition by an entrant in the applications market. The platform monopolist can benefit from competition for three reasons. First, his profits from the platform...
Persistent link: https://www.econbiz.de/10012733935
We prove the existence of symmetric pure Cournot equilibria with heterogeneous goods under the following condition …
Persistent link: https://www.econbiz.de/10012734549
We study in this paper how technological flexibility choices and equilibrium configurations depend on industry characteristics (demand function and cost parameters specific to the multiproduct flexible technology and to the product dedicated technologies) and on the observability conditions of...
Persistent link: https://www.econbiz.de/10012734859
A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the …
Persistent link: https://www.econbiz.de/10012772613
apply this approach to developing quantity best-response functions in the Cournot model, the effective demand function …
Persistent link: https://www.econbiz.de/10012779985