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This paper studies the production strategies of firms in a duopoly market of homogenous products characterized by quantity competition. Demand is partially unknown and firms are free to produce once, whenever they want before the existence of demand. We show that the nature of the equilibrium in...
Persistent link: https://www.econbiz.de/10010662693
presented: the Stackelberg model, the case of more production leaders, the price leader, the Cournot equilibrium for duopoly …, the Cournot equilibrium for oligopoly or in the case of perfect competition and cartels. We also treat the problems above …
Persistent link: https://www.econbiz.de/10010614606
We present a dynamic quantity setting game, where players may continuously adjust their quantity targets, but incur convex adjustment costs when they do so. These costs allow players to use quantity targets as a partial commitment device. We show that the equilibrium path of such a game is...
Persistent link: https://www.econbiz.de/10010616120
This paper aims to study the stability issue in a Cournot duopoly with codetermined firms. We show that when both firms …
Persistent link: https://www.econbiz.de/10010573345
We embed signaling in the classical Cournot model in which several firms sell a homogeneous good. The quality is known … quantity decision. We characterize the unique signaling Cournot equilibrium in which the price signals quality to the … uninformed buyers. We then compare the signaling Cournot equilibrium with the full-information Cournot equilibrium. Signaling is …
Persistent link: https://www.econbiz.de/10010573875
We analyse the dynamics of a Cournot duopoly with heterogeneous players to investigate the effects of micro … that a fiercer (weaker) competition tends to stabilise (destabilise) the unique positive Cournot–Nash equilibrium. …
Persistent link: https://www.econbiz.de/10010577137
inefficient victory for exporting governments that comes at the expense of importing governments. Building on the Cournot … gradual reduction in import barriers that member countries have negotiated. Together with existing theories, the Cournot …
Persistent link: https://www.econbiz.de/10010580837
Persistent link: https://www.econbiz.de/10010585638
Persistent link: https://www.econbiz.de/10010586016
Cournot. …
Persistent link: https://www.econbiz.de/10010828227