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continuous-time spatial competition duopoly model a la d'Aspremont et al. (1979). Under a sequential equilibrium, the threshold …
Persistent link: https://www.econbiz.de/10011671810
Two asymmetric potential entrants contemplate entering a new market. Firms differ in their potential profit flows and investment sunk costs. The market demand follows a geometric Brownian motion. This paper shows that under certain parameter conditions, there will be an equilibrium triggered by...
Persistent link: https://www.econbiz.de/10013081666
little, fierce competition between providers of similar services is expected. We consider a model where two e …
Persistent link: https://www.econbiz.de/10010280782
competition under duopoly and derive the Markov Perfect Equilibrium pricing strategies.Contrary to intuition we find that …
Persistent link: https://www.econbiz.de/10012856272
little, fierce competition between providers of similar services is expected. We consider a model where two e …
Persistent link: https://www.econbiz.de/10008739210
little, fierce competition between providers of similar services is expected. We consider a model where two e … prefer the less popular and cheaper one. -- E-commerce ; Intermediary ; Competition ; Listing fee ; Closing fee …
Persistent link: https://www.econbiz.de/10008746177
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 …
Persistent link: https://www.econbiz.de/10014042417
and relaxed competition. In its theory, firms compete over an infinite-horizon and discount the future so that relaxed … competition is feasible in equilibrium. However, firms face strategic uncertainty, so this equilibrium hinges on their beliefs … about their rivals' pursuit of relaxed competition. In this setting, certain beliefs can support differentiation and …
Persistent link: https://www.econbiz.de/10014077162
We consider a dynamic competition game among three players, where each player can vary the extent of his competition on … a per-rival basis. We call such competition targeted. We show that if the players are myopic, the weaker players … competition can be applied to competition between firms or political parties, or to warfare …
Persistent link: https://www.econbiz.de/10014205539
Brand competition is modelled using an agent based approach in order to examine the long run dynamics of market …
Persistent link: https://www.econbiz.de/10014210024