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In the economic literature on market competition, firms are often modelled as individual decision makers and the … competition. Nevertheless, there are models of team-organization such that team-firms and individual firms are behaviorally … equivalent. This provides a theoretical foundation for the unitary player assumption in Cournot competition. We show that this …
Persistent link: https://www.econbiz.de/10014029080
regulation may alleviate the cut-throat price competition among firms, and lead to a Pareto win-win outcome from the perspectives …
Persistent link: https://www.econbiz.de/10013295220
game theory model to study platform competition with bonus strategies. Our analysis shows that the two types of bonuses … due to the softened platform competition. Second, when labor supply is thin, contingent bonus will be offered. In this … case, contingent bonus reduces platform profit because it intensifies platform competition and traps the platforms in a …
Persistent link: https://www.econbiz.de/10013295297
This paper studies bank competition with borrower adverse selection. In the model, expected non-performing loan costs … are high when credit is granted in booms, when risk free rates are low, or when competition is strong. I prove that full … competition is suboptimal due to this last effect; that more competition improves the transmission of monetary policy, and that …
Persistent link: https://www.econbiz.de/10014355959
competition based on mobility and data volume between fixed and mobile broadband access. By the description of asymmetrical … social welfare between fixed-mobile intermodal competition, fixed perfect competition and mobile perfect competition indicate … that the fixed-mobile intermodal competition leads to a higher level of social welfare …
Persistent link: https://www.econbiz.de/10014190807
I present a game-theoretic model where economic competition and attention competition are interdependent. On the one … price competition among all perceived firms. On the other hand attracting attention involves costs which must be covered by … the earnings from competition. It is the task of this paper to clarify the consequences of such an interdependence between …
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