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In this paper, we examine a free entry aggregative game where agents can be asymmetric. We show the existence of a pure strategy subgame perfect equilibrium of this game. The proof is a constructive one and therefore we provide a method to derive a subgame perfect equilibrium within a reasonable...
Persistent link: https://www.econbiz.de/10011189517
) implies that consumer surplus depends on the aggregator alone, and that the Bertrand pricing game is aggregative. We link …
Persistent link: https://www.econbiz.de/10011083659
In this paper we experimentally investigate the extended game with observable delay of Hamilton and Slutsky (Games Econ.Beh., 1990).Firms bindingly announce a production period (one out of two periods) and then they produce in the announced sequence.Theory predicts simultaneous production in...
Persistent link: https://www.econbiz.de/10011091156
competes with another firm à la Cournot in a second market. We compare treatments where the multi-product firm (i) always …
Persistent link: https://www.econbiz.de/10010983930
This paper derives the necessary and sufficient condition for the simple gravity equation to hold: the market share of an exporting country is constant across all importing countries. Specialization is just one example satisfying this condition. It holds in a variety of situations where multiple...
Persistent link: https://www.econbiz.de/10010900719
-uniform market shares are explained by the costs in Cournot competition which can be deduced from the observed market shares by … assuming that the costs are kept the same when switching from Cournot competition to any form of cartel. We deduced that market … out. The paper also shows that Stackelberg competition is unlikely as well as Bertrand-Edgeworth competition. In …
Persistent link: https://www.econbiz.de/10010693654
In spite of Cournot´s unquestionable influence on contemporary theory, his legacy regarding economic policy and …, especially, the regulation of monopolies is mostly unknown. In this paper I explore the several forms of Cournot´s analysis of … regulation and economic policy. RESUMENA pesar de la influencia teórica indiscutible de Cournot sobre la teoría contemporánea, su …
Persistent link: https://www.econbiz.de/10010763158
We study an extension of Jain and Mirman (1999) with two insiders under three different market structures : (i) Cournot …
Persistent link: https://www.econbiz.de/10010635234
intermediate levels of competition. Extending the classic Cournot-type competition model of Cowling and Waterson (1976) and Cowling …
Persistent link: https://www.econbiz.de/10008460520
traditional Cournot duopoly model. Authors investigate a multiperiod setting with two firms taking investment decisions in every … period. We prove that under these circumstances the Cournot equilibrium is unstable and the tendency is to a cartel structure …
Persistent link: https://www.econbiz.de/10005673480