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Taxation and the sustainability of collusion : ad valorem versus specific taxes

Azacis, Helmuts; Collie, David R. - 2014

critical discount factor required to sustain collusion. This result is shown to hold for Cournot oligopoly as well as for … Bertrand oligopoly when collusion is sustained with Nash-reversion strategies or optimal-punishment strategies. In a Cournot …

Persistent link: https://www.econbiz.de/10010406210

Optimal Control of an Oligopoly Model of Advertising

Prasad, Ashutosh; Sethi, Suresh; Naik, Prasad A. - 2009

We examine an oligopoly model of advertising competition where each firm's market share depends on its own and its …

Persistent link: https://www.econbiz.de/10014046681

Finite State Dynamic Games with Asymmetric Information : A Computational Framework

Fershtman, Chaim; Pakes, Ariel - 2005

We present a simple algorithm for computing an intuitive notion of MPE for finite state dynamic games with asymmetric information. The algorithm does not require: storage and updating of posterior distributions, explicit integration over possible future states to determine continuation values,...

Persistent link: https://www.econbiz.de/10014070473

Co-op Advertising in Dynamic Retail Oligopolies

He, Xiuli; Krishnamoorthy, Anand; Prasad, Ashutosh; … - 2011

We study a supply chain in which a consumer goods manufacturer sells its product through a retailer. The retailer undertakes promotional expenditures, uch as advertising, to increase sales and to compete against other retailer(s). The manufacturer supports the retailer’s promotional...

Persistent link: https://www.econbiz.de/10014045898

Evolutionary Stability in Asymmetric Oligopoly

Leininger, Wolfgang - 2015

It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the … order to transform the game with asymmetric firms into a symmetric oligopoly game and then extend Schaffer's definition …

Persistent link: https://www.econbiz.de/10013028699

Chapter 15. Learning in Networks

Goyal, Sanjeev - In: Handbook of social economics : volume 1, (pp. 679-727). 2011

We choose between alternatives without being fully informed about the rewards from different courses of action. In making our decisions, we use our own past experience and the experience of others. So the ways in which we interact - our social network - can influence our choices. These choices...

Persistent link: https://www.econbiz.de/10014025688

Information sharing in oligopoly : sharing groups and core-periphery architectures

Currarini, Sergio; Feri, Francesco - In: Games 12 (2021) 4, pp. 1-17

The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...

Persistent link: https://www.econbiz.de/10013171765

Would You Trust Yourself? On the Long-Run Stability of Reciprocal Trust

Schliffke, Philipp - 2010

Preferences for reciprocity of the Falk-Fischbacher type are applied to a game of trust. After deriving the reciprocity equilibrium, the evolution of preferences is analysed showing that a medium level of reciprocity is evolutionary stable. If players exhibit different inclinations regarding...

Persistent link: https://www.econbiz.de/10013135995

R&D Collaboration Networks in Mixed Oligopoly

Zikos, Vasileios - 2008

oligopoly. Our analysis reveals that the complete network, where each firm collaborates with all others, is uniquely stable …, industry-profit maximizing and efficient. This result is in contrast with earlier contributions in private oligopoly where …

Persistent link: https://www.econbiz.de/10014219137

R&D Cooperation or Competition in the Presence of Cannibalization

Belleflamme, Paul - 2015

R&D cooperation is reconsidered in situations where firms direct R&D activities towards a new product that cannibalizes the firms' existing products. For soft cannibalization, the welfare-maximizing arrangement between firms involves, for low R&D costs, the formation of a separate entity that...

Persistent link: https://www.econbiz.de/10014151524