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BERTRAND AND COURNOT COMPETITIONS IN ADYNAMIC GAME

Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2003

-tournament R&D competition. We consider thatsuccess in R&D is uncertain. We show that whether firms invest more under … Cournotcompetition or Bertrand competition is ambiguous and depends on the probability ofsuccess in R&D but does not depend on the degree … of product differentiation. While‘static’ welfare is higher under Bertrand competition, we find that ‘dynamic’ welfare …

Persistent link: https://www.econbiz.de/10005868906

WELFARE EFFECTS OF ENTRY: THE IMPACT OFLICENSING

Mukherjee, Arijit; Mukherjee, Soma - University <Nottingham> / Department of Economics - 2003

competition policy... …

Persistent link: https://www.econbiz.de/10005868907

BERTRAND VS. COURNOT COMPETITION INASYMMETRIC DUOPOLY: THE ROLE OFLICENSING

Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2003

firms have the option for technology licensing.We find that if there is licensing with up-front fixed-fee, welfare is higher … under Cournotcompetition compared to Bertrand competition when the initial cost difference of thesefirms is moderate; but …, for very small or very large cost initial cost differences, welfare ishigher under Bertrand competition. If licensing …

Persistent link: https://www.econbiz.de/10005868909

CONSISTENT FIRM CHOICE AND THE THEORY OFSUPPLY

Dasgupta, Indraneel - University <Nottingham> / Department of Economics - 2002

This paper analyzes the problem of deriving predictions, regarding supply behavior of acompetitive firm, from prior consistency postulates about input-output choices made by such afirm. It extends the literature by introducing a consistency postulate for firm choice, which isweaker than...

Persistent link: https://www.econbiz.de/10005868941

PRIVATISATION IN A REGULATED MARKET, OPENTO FOREIGN COMPETITION

Sepahvand, Mehrdad - University <Nottingham> / Department of Economics - 2002

itis obliged to move with the private firms simultaneously... …

Persistent link: https://www.econbiz.de/10005868944

DISGUISED AGGREGATIVE GAMES

Cornes, Richard; Hartley, Roger E. - University <Nottingham> / Department of Economics; … - 2001

Noncooperative games in which each player’s payo¤ function depends on anadditively separable function of every player’s choice variable may be transformedinto an aggregative game, which may be analysed using the conceptof ‘share functions’. The resulting approach avoids the...

Persistent link: https://www.econbiz.de/10005868958

ASYMMETRIC CONTESTS WITH GENERALTECHNOLOGIES

Cornes, Richard; Hartley, Roger E. - University <Nottingham> / Department of Economics; …

We investigate the Nash equilibria of asymmetric, winner-take-all, imperfectlydiscriminating contests, focussing on existence, uniqueness and rentdissipation. When the contest success function is determined by a productionfunction with decreasing returns for each contestant, equilibria...

Persistent link: https://www.econbiz.de/10005868959

GROWING THROUGH SUBSIDIES

Aloi, Marta; Lasselle, Laurence - University <Nottingham> / Department of Economics - 2001

...We rely on Matsuyama (1996, 1999) to study the effects on growth and welfareof non distortive tax/subsidy policies. In particular, we are interested ininvestigating the stabilising/destabilising effects of policies aimed at eliminatingeconomic fluctuations. The focus on stabilisation...

Persistent link: https://www.econbiz.de/10005868961

Tagungsband zum Doctoral Consortium der WI 2009

Eymann, Torsten - 2009

The vision of Utility Computing (UtiC) has gained significant interest in the last years and hasbecome a popular buzzword, that describes the idea of packaging of computing resources, such asstorage space, server capacity, bandwidth or computer processing time, as a metered service similarto a...

Persistent link: https://www.econbiz.de/10005869027

RENTSEEKING BY PLAYERS WITH CONSTANTABSOLUTE RISK AVERSION

Cornes, Richard; Hartley, Roger E. - University <Nottingham> / Department of Economics; … - 2000

The rent-seeking model of Tullock (1980) has stimulated a large literature on rent-seekingcontests, of which Hillman (1989) and Nitzan (1994) provide useful surveys. AlthoughTullock's 'winner take all' model has been adapted and extended in numerous ways, thereremain fundamental modeling issues,...

Persistent link: https://www.econbiz.de/10005869062