Similar Search Results

Friends or strangers? : strategic uncertainty and coordination across experimental games of strategic complements and substitutes

Chierchia, Gabriele; Tufano, Fabio; Coricelli, Giorgio - 2018

It is commonly assumed that friendship should generally benefit agents' ability to tacitly coordinate with others. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and substitutes. We present an experimental study in which...

Persistent link: https://www.econbiz.de/10011817934

Endogenous Timing in Pollution Control : Stackelberg Versus Cournot-Nash Equilibria

Heugues, Melanie - 2011

In the framework of international cooperation on climate change to control greenhouse gas emissions (GHG), this paper aims to shed new light on the eventuality of the emergence of a country (or a group of countries) behaving as a leader in the implementation of its environmental policy. The...

Persistent link: https://www.econbiz.de/10014185193

A Nonparametric Test of Strategic Behavior in the Cournot Model

Deb, Rahul; Fenske, James E. - 2012

cost functions that do not change over the period of observation but that market demand can change in each period. Market … prices and firm-specific production quantities are observed and it is assumed that neither the inverse demand functions nor … the cost functions are known. The driving assumptions of the test are that market inverse demand functions are decreasing …

Persistent link: https://www.econbiz.de/10014205902

Cournot Competition with an Uncertain Number of Players : Experimental Evidence

Möllers, Claudia; Normann, Hans-Theo; Odenkirchen, … - 2022

We examine repeated Cournot oligopolies when there is uncertainty about the number of players. Already in the static game, such uncertainty can imply outputs above Nash. For the repeated game, we argue that the uncertainty may lead to a novel strategy, based on a notion of limited depth of...

Persistent link: https://www.econbiz.de/10014077530

Stackelberg Differential Game for Insurance Under Model Ambiguity

Cao, Jingyi; Li, Dongchen; Young, V.R; Zou, Bin - 2022

We study a dynamic Stackelberg differential game between a buyer and a seller of insurance policies in a spectrally negative Lévy framework, in which both parties are ambiguous about the intensity and severity of insurable losses. Both the buyer and seller aim to maximize their expected wealth,...

Persistent link: https://www.econbiz.de/10013307577

Strategic Disclosure of Demand Information by Duopolists : Theory and Experiment

Jansen, Jos - 2015

We study the strategic disclosure of demand information and product-market strategies of duopolists. In a setting where …

Persistent link: https://www.econbiz.de/10013018445

When Firm-Level Demand with Price Competition and Inverse Demand with Quantity Competition Coincide

Kolberg, William C. - 2009

demand and inverse demand is found under conditions of perfectly isolated duopoly all the way continuously through to the …The first part of the paper reviews an analytical method for inverting demand in price competition to find the … corresponding inverse demand under quantity competition. The method yields a simple function relating demand elasticities with …

Persistent link: https://www.econbiz.de/10012720421

On the Sustainability of Collusion in Bertrand Supergames with Discrete Pricing and Nonlinear Demand

Zimmerman, Paul R. - 2010

sustainability of collusion is independent of key demand and supply parameters. Recent research has demonstrated that these …). This note considers the effects of demand curvature in the context of a model of collusion where, as in Gallice (2008 …), Bertrand competitors can deviate only by lowering prices by some small, discrete amount. Two alternative demand specifications …

Persistent link: https://www.econbiz.de/10014198641

Cournot outcomes under Bertrand-Edgeworth competition with demand uncertainty

Lepore, Jason J. - In: Journal of mathematical economics 48 (2012) 3, pp. 177-186

Persistent link: https://www.econbiz.de/10009659231

On the equilibrium uniqueness in Cournot competition with demand uncertainty

Leonardos, Stefanos; Melolidakis, Costis - In: The B.E. journal of theoretical economics 20 (2020) 2, pp. 1-6

Persistent link: https://www.econbiz.de/10012306588