Similar Search Results

Aggregative Games and Oligopoly Theory : Short-run and Long-run Analysis

Anderson, Simon P. - 2018

We compile an IO toolkit for aggregative games and use inclusive best reply functions to deliver oligopoly comparative statics and ranking of firms' actions and profits. Aggregative games apply to additively separable direct and indirect preferences, as well as generalized quadratic forms....

Persistent link: https://www.econbiz.de/10012911000

Quantity Competition in the Presence of Strategic Consumers

Bazhanov, Andrei V. - 2015

second period (Cournot outcome versus collusion), and sales in both periods with the clearance price above or at the salvage …

Persistent link: https://www.econbiz.de/10013034504

Game-Theoretical, Strategic Forward Contracting in the Electricity Market

Holmberg, Par - 2015

Forward sales is a credible commitment to aggressive spot market bidding, and it mitigates producers' market power in electricity markets. Still it can be profitable for a producer to make such a commitment if it results in a soft response from competitors in the spot market (strategies are...

Persistent link: https://www.econbiz.de/10013038567

Oligopoly Equilibria without Strategic Interaction

Jin, Jim - 2023

Cournot and Bertrand oligopoly equilibria are usually explained by strategic interactions, e.g., the best … least likely in Cournot oligopoly with homogeneous goods under simultaneous moves, it is still guaranteed under sequential … moves as assumed by Cournot originally. Hence, oligopoly equilibria can be better explained without strategic interaction …

Persistent link: https://www.econbiz.de/10014345458

Oligopolistic Price Competition with a Continuous Demand

Blavatskyy, Pavlo R. - 2015

Two related models of oligopolistic price competition with homogeneous products are presented. These models are based on weaker assumptions about consumer behavior compared to a classical Bertrand model. In both models firms do not necessarily face a discontinuous demand at an equilibrium price...

Persistent link: https://www.econbiz.de/10014135801

Can They Beat the Cournot Equilibrium? Learning with Memory and Convergence to Equilibria in a Cournot Oligopoly

Vallée, Thomas; Yildizoglu, Murat - 2014

This article analyses the ability of the learning firms in a Cournot oligopoly to discover market solutions more … collusive that the Cournot equilibrium (CE). We start from the results of Vallée and Yildizoglu (2009) and of Alos-Ferrer (2004 …

Persistent link: https://www.econbiz.de/10014142763

Algorithmic price recommendations and collusion : experimental evidence

Hunold, Matthias; Werner, Tobias - 2023

This paper investigates the collusive and competitive effects of algorithmic price recommendations on market outcomes. These recommendations are often non-binding and common in many markets, especially on online platforms. We develop a theoretical framework and derive two algorithms that...

Persistent link: https://www.econbiz.de/10014442786

How Much Collusion? A Meta-Analysis on Oligopoly Experiments

Engel, Christoph - 2007

Oligopoly has been among the first topics in the experimental economics. Over half a century, some 150 papers have been published. Each individual paper was interested in demonstrating one effect. But in order to do so, experimenters had to specify many more parameters. That way they have...

Persistent link: https://www.econbiz.de/10014053957

A Cooperative Analysis of Covert Collusion in Oligopolistic Industries

Zhao, Jingang - 1997

This paper provides existence results for a large class of covertly collusive outcomes in oligopoly markets. In particular, the paper shows that the Alpha-core is non-empty in linear industries with any asymmetric costs and any asymmetric capacity bounds

Persistent link: https://www.econbiz.de/10014060524

Competition and Product Innovation in Dynamic Oligopoly

Goettler, Ronald L.; Gordon, Brett R. - 2013

We investigate the relationship between competition and innovation using a dynamic oligopoly model that endogenizes both the long-run innovation rate and market structure. We use the model to examine how various determinants of competition, such as product substitutability, entry costs, and...

Persistent link: https://www.econbiz.de/10014042417

A service of the

zbw