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Cournot meets Bayes-Nash : A discontinuity in behavior in finitely repeated duopoly games

Argenton, Cédric; Ivanova-Stenzel, Radosveta; Müller, … - 2022

We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our treatments include markets with (a) complete cost symmetry and complete information, (b) slight cost asymmetry and complete information, and (c) varying cost asymmetries and...

Persistent link: https://www.econbiz.de/10013295651

Strategic choice of price-setting algorithms

Buchali, Katrin; Grüb, Jens; Muijs, Matthias; … - 2023

Recent experimental simulations have shown that autonomous pricing algorithms are able to learn collusive behavior and thus charge supra-competitive prices without being explicitly programmed to do so. These simulations assume, however, that both firms employ the identical price-setting...

Persistent link: https://www.econbiz.de/10013534374

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

Cournot meets Bayes-Nash : a discontinuity in behavior in finitely repeated duopoly games

Argenton, Cédric; Ivanova-Stenzel, Radosveta; Müller, … - 2023

Persistent link: https://www.econbiz.de/10014487322

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

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

Strategic timing of entry : evidence from video games

Engelstätter, Benjamin; Ward, Michael R. - 2013

This paper investigates how video game publishers’ choice of game release date is affected by the expected level of competition within the game’s product niche. We identify game niches by genre, age-appropriateness, a four week window cohort, publisher and console system. Our analysis is...

Persistent link: https://www.econbiz.de/10010229641

A Game-Theoretic Analysis of Supply Channel Structure With Sequential Entry of Manufacturers

Zhang, Jin - 2020

This study investigates the impact of the timing of manufacturers' market entry to an online market on the performances … mostly dependent on the channel structure and the timing of his entry to the market. This study also compares the firms …

Persistent link: https://www.econbiz.de/10012837023

Sharing the Information or Not? Strategic Analysis in the Online Channel Supply Chain with Entry

Zhang, Jin; Wu, Desheng - 2023

This paper discusses a case that a supply chain consisting of a manufacturer (M) and an e-tailer (Y) at the initial stage. There is a new e-tailer (Y) who enters the market with some probability. Both e-tailers have two selling modes to choose from, i.e., the agency selling mode and the...

Persistent link: https://www.econbiz.de/10014254189

Equilibria in a Hotelling Model : First-Mover Advantage?

Rajan, Uday; Sinha, Amitabh - 2009

firms are symmetric, except for order of entry. We study a generalization of the Hotelling model, in which a consumer …

Persistent link: https://www.econbiz.de/10014047396