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The quantity-setting (Cournot) oligopoly with perfect complements is dual to the price-setting (Bertrand) oligopoly with homogeneous goods. Under mild technical conditions, the former setting has a unique (pure strategy) Nash equilibrium with null quantities
Persistent link: https://www.econbiz.de/10013305575
We study noncooperative models with two agents and several voluntarily contributed public goods. We focus on interior equilibria in which neither agent is bound by non negativity constraints, establishing the conditions for existence and uniqueness of the equilibrium. While adding-up and...
Persistent link: https://www.econbiz.de/10005509507
<p><p>We study noncooperative household models with two agents and several voluntarily contributed public goods, deriving the counterpart to the Slutsky matrix and demonstrating the nature of the deviation of its properties from those of a true Slutsky matrix in the unitary model. We provide results...</p></p>
Persistent link: https://www.econbiz.de/10005509508
There are many situations in which a customer's proclivity to buy the product of any firm depends not only on the classical attributes of the product such as its price and quality, but also on who else is buying the same product. We model these situations as games in which firms compete for...
Persistent link: https://www.econbiz.de/10005593259
We study non cooperative household models with two agents and several voluntarily contributed public goods, deriving the counterpart to the Slutsky matrix and demonstrating the nature of the deviation of its properties from those of a true Slutsky matrix in the unitary model. We provide results...
Persistent link: https://www.econbiz.de/10008682144
We present a household consumption model that accounts for caring house- hold members, while allowing for noncooperative behavior in decisions on pub- lic goods. The intrahousehold consumption outcome critically depends on the degree of caring between the household members. By varying the degree...
Persistent link: https://www.econbiz.de/10011092325
I characterize the class of (possibly incomplete) preference relations over lotteries which can be represented by a compact set of (continuous) expected utility functions that preserve both indifferences and strict preferences. This finding contrasts with the representation theorem of Dubra,...
Persistent link: https://www.econbiz.de/10010565622
We assess the 2001 income tax reform to determine its welfare impact across families with different characteristics. A household labor supply model is estimated to account for variable behavioral responses by family type. We find that while higher-education families received a larger share of...
Persistent link: https://www.econbiz.de/10010292224
A distinguishing feature among households is whether adult members work or not, since the occupational status of adults affects their available time for home activities. Using a survey method in two countries, Belgium and Germany, we provide household incomes that retain the level of well-being...
Persistent link: https://www.econbiz.de/10010295010
A distinguishing feature among households is whether adult members work or not, since the employment status affects a household's available time for home activities. Using a survey method in two countries, Belgium and Germany, we provide household incomes that retain the level of well-being...
Persistent link: https://www.econbiz.de/10010296368