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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
We address a generic price competition model in an industry with an arbitrary number of competitors, each offering all … offered on the market.We characterize the equilibrium prices, product assortment and sales volumes in the price competition …
Persistent link: https://www.econbiz.de/10013061794
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This paper extends the standard Hotelling model with quadratic transport costs to the multi-firm case. Considering locational equilibria we show that neither holds the Principle of Maximum Differentiation - as in the duopoly model - nor does the Principle of Minimum Differentiation - as in the...
Persistent link: https://www.econbiz.de/10005841039
In the economic literature on market competition, firms are often modeled as single decision makers and the internal … can not generally expect that the behavior of teams is equivalent to the behavior of individuals in Cournot competition … theoretical foundation for the unitary player assumption in Cournot competition. We show that this assumption is robust in …
Persistent link: https://www.econbiz.de/10010263110
oligopolistischen Wettbewerb zu betreiben. Im Bayesianischen Gleichgewicht resultieren eindeutige Gleichgewichtsstrategien. Diese sind … strategy for each firm. It is determined by the nature of competition (price or quantity) and by the basic characteristics of …
Persistent link: https://www.econbiz.de/10010305090
bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …
Persistent link: https://www.econbiz.de/10010334084
The common prior assumption asserts that the beliefs of agents in different states of theworld are their posteriors based on a common prior and possibly some private signal. Commonpriors are pervasive in most economic models of incomplete information, oligopoly models withasymmetrically informed...
Persistent link: https://www.econbiz.de/10005866870
attract more customers than their offline counterparts due to reduced mismatch costs, but face a tougher price competition …
Persistent link: https://www.econbiz.de/10011203140