Showing 1 - 10 of 120,352
parameter that determines firms' market strategies. We study collusion in a quality-differentiated duopoly and we adopt a Nash …
Persistent link: https://www.econbiz.de/10012655386
We reconsider the endogenous choice of delegation to a manager by two down-stream firms in both a Cournot and a Bertrand vertical market with network effects. An upstream monopolist charges a two-part tariff for a crucial input. By applying the Nash solution in a centralized bargaining, we show...
Persistent link: https://www.econbiz.de/10012157215
We develop a model of assignment games with pairwise-identitydependent externalities. A concept of conjectural equilibrium is proposed, and the universal conjecture is shown to be the necessary and sufficient condition for the general existence of equilibrium. We then apply the solution concept...
Persistent link: https://www.econbiz.de/10010191642
an important parameter that determines firms' market strategies. We study collusion in a quality differentiated duopoly …
Persistent link: https://www.econbiz.de/10013251865
Persistent link: https://www.econbiz.de/10011853570
This paper studies biased-manager hiring in a market with network externalities and product compatibility. We show that the aggressivity of a biased manager has a non-linear relationship with product compatibility; however, since both owners want to hire aggressive managers, product...
Persistent link: https://www.econbiz.de/10015408248
We investigate the differentiated duopoly and triopoly markets in which firms can choose to strategically delegate when … under duopoly, one firm chooses delegate, while the other firm chooses not to delegate as multiple equilibria. However, in … equilibrium, our results imply that the underconfident (overconfident) manager in the duopoly (triopoly) is more likely to take …
Persistent link: https://www.econbiz.de/10013241508
We examine the strategic use of Corporate Social Responsibility (CSR) in imperfectly competitive markets. The level of CSR determines the weight a firm puts on consumer surplus in its objective function before it decides upon supply. First, we consider symmetric Cournot competition and show that...
Persistent link: https://www.econbiz.de/10011657756
Persistent link: https://www.econbiz.de/10012306539
Persistent link: https://www.econbiz.de/10014334780