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Confidence, pessimism and their impact on product differentiation in a hotelling model with demand location uncertainty

Kauffeldt, Florian; Wiesenfarth, Boris Roland - 2014

We analyze a Hotelling location-then-price duopoly game under demand uncertainty with uniformly distributed consumers …

Persistent link: https://www.econbiz.de/10010362151

Complete Solution of the Hotelling Problem: Equilibrium in Secure Strategies for the Price Subgame

Iskakov, M.; Iskakov, A. - In: Journal of the New Economic Association 13 (2012) 1, pp. 10-33

(Hotelling, 1929). We employ the concept of the equilibrium in secure strategies (ESS). The reviewed definitions of the ESS and … of the best secure response are presented. The set of the secure responses in the Hotelling game is obtained both in the … case of elastic and inelastic demand. The complete solution of the two-stage location-price Hotelling game is given for the …

Persistent link: https://www.econbiz.de/10010540369

Uncertainty in Spatial Duopoly with Possibly Asymmetric Distributions: a State Space Approach

Meagher, Kieron J.; Zauner, Klaus G. - Research School of Economics, College of Business and … - 2008

In spatial competition firms are likely to be uncertain about consumer locations when launching products either because of shifting demograph- ics or of asymmetric information about preferences. Realistically distri- butions of consumer locations should be allowed to vary over states and need...

Persistent link: https://www.econbiz.de/10004971401

Duopoly Competition and Regulation in a Two-Sided Health Care Insurance Market with Product Differentiation

Boilley, Audrey - Centre de Recherche sur les Stratégies Économiques … - 2013

We compare duopoly competition with a regulated public monopoly in the health care insurance sector using the two-sided market approach. Health plans allow policyholders and physicians to interact. Policyholders have a preference for one of two health plans and value the diversity of physicians....

Persistent link: https://www.econbiz.de/10010692334

Winner-take-all price competition

Morgan, John; Baye, Michael R. - In: Economic Theory 19 (2002) 2, pp. 271-282

We analyze an oligopoly model of homogeneous product price competition that allows for discontinuities in demand and/or costs. Conditions under which only zero profit equilibrium outcomes obtain in such settings are provided. We then illustrate through a series of examples that the conditions...

Persistent link: https://www.econbiz.de/10005596644

Solution of the Hotelling’s game in secure strategies

Iskakov, Mikhail; Iskakov, Alexey - In: Economics Letters 117 (2012) 1, pp. 115-118

We show that the price-setting subgame in the classic Hotelling’s model (1929) with the linear transport costs has the …

Persistent link: https://www.econbiz.de/10010580497

Product differentiation decisions under ambiguous consumer demand and pessimistic expectations

Król, Michał - In: International Journal of Industrial Organization 30 (2012) 6, pp. 593-604

This paper studies product differentiation decisions in a spatial duopoly with limited information on consumer demand. In particular, a situation is discussed in which the firms do not know the exact distribution of the random location of consumer demand and its responsiveness to price changes...

Persistent link: https://www.econbiz.de/10011051654

Spacial Equilibrium in a State Space Approach to Demand Uncertainty

Meagher, Kieron J.; Zauner, Klaus G. - School of Economics, UNSW Business School - 2007

Firms are likely to be uncertain about consumer preferences when launching products. The existing literature models preference uncertainty as an additive shock to the consumer distribution in a characteristic space model. The additive shock only shifts the mean of the consumers' ideal points. We...

Persistent link: https://www.econbiz.de/10005569944

Simulation and prosecution of a cartel with endogenous cartel formation

Paha, Johannes - 2010

In many cases, collusive agreements are formed by asymmetric firms and include only a subset of the firms active in the cartelized industry. This paper endogenizes the process of cartel formation in a numeric simulation model where firms differ in marginal costs and production technologies. The...

Persistent link: https://www.econbiz.de/10003950512

Uncertain Spatial Demand and Price Flexibility : A State Space Approach to Duopoly

Meagher, Kieron - 2011

In spatial competition firms are likely to be uncertain about demand when launching products either because of shifting demographics or of asymmetric information about preferences. This paper considers two types of prices: those set on prior information and flexible prices which adjust across...

Persistent link: https://www.econbiz.de/10013128129

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