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Evolutionary stability in asymmetric oligopoly : a non-Walrasian result
Leininger, Wolfgang; Moghadam, Hamed M. - 2014
It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the … order to transform the game with asymmetric firms into a symmetric oligopoly game and then extend Schaffer’s definition …
Persistent link: https://www.econbiz.de/10010399434
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Imitation : theory and experimental evidence
Apestgeguia, Jose; Huck, Steffen; Oechssler, Joerg - 2005
We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to different informational assumptions, not to different behavioral rules....
Persistent link: https://www.econbiz.de/10010366552
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Oligopoly Equilibria without Strategic Interaction
Jin, Jim - 2023
Cournot and Bertrand oligopoly equilibria are usually explained by strategic interactions, e.g., the best … least likely in Cournot oligopoly with homogeneous goods under simultaneous moves, it is still guaranteed under sequential … moves as assumed by Cournot originally. Hence, oligopoly equilibria can be better explained without strategic interaction …
Persistent link: https://www.econbiz.de/10014345458
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Algorithmic price recommendations and collusion : experimental evidence
Hunold, Matthias; Werner, Tobias - 2023
This paper investigates the collusive and competitive effects of algorithmic price recommendations on market outcomes. These recommendations are often non-binding and common in many markets, especially on online platforms. We develop a theoretical framework and derive two algorithms that...
Persistent link: https://www.econbiz.de/10014442786
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Aggregative Games and Oligopoly Theory : Short-run and Long-run Analysis
Anderson, Simon P. - 2018
We compile an IO toolkit for aggregative games and use inclusive best reply functions to deliver oligopoly comparative …
Persistent link: https://www.econbiz.de/10012911000
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One-Shot Versus Continuous Interaction in Oligopoly Games
Ten Kate, Adriaan - 2017
This article is about the interpretation of Nash equilibria of one-shot oligopoly games in competition analysis. Such …
Persistent link: https://www.econbiz.de/10012965257
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Strong Nash Equilibrium in Cournot and Bertrand Oligopolies
Nastych, Maria - 2016
This paper investigates the existence of strong Nash equilibria (SNE) in Cournot and Bertrand oligopoly models. Given …
Persistent link: https://www.econbiz.de/10012987974
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Price-Quantity Competition of Farsighted Firms : Toughness vs. Collusion
Sandomirskaiay, Marina - 2015
The paper examines an interaction of boundedly rational firms that are able to calculate their gains after reaction of an opponent to their own deviations from the current strategy. We consider an equilibrium concept that we call a Nash-2 equilibrium. We discuss the problem of existence and...
Persistent link: https://www.econbiz.de/10013024415
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Evolutionary Stability in Asymmetric Oligopoly
Leininger, Wolfgang - 2015
It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the … order to transform the game with asymmetric firms into a symmetric oligopoly game and then extend Schaffer's definition …
Persistent link: https://www.econbiz.de/10013028699
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On the Effects of Mergers on Equilibrium Outcomes in a Common Property Renewable Asset Oligopoly
Benchekroun, Hassan - 2015
. That includes mergers that are known to be unprofitable in the corresponding static equilibrium framework …
Persistent link: https://www.econbiz.de/10013031656