Dynamic Mixed Duopoly
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Dynamic Mixed Duopoly
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Author : Ramon Casadesus-Masanell
language : en
Publisher: Fundacion BBVA
Release Date : 2003
Dynamic Mixed Duopoly written by Ramon Casadesus-Masanell and has been published by Fundacion BBVA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
This paper analyzes a dynamic mixed duopoly in which a profit-maximizing competitor interacts with a competitor that prices at zero (or marginal cost), with the cumulation of output affecting their relative positions over time. The modeling effort is motivated by interactions between Linux, an open-source operating system, and Microsoft's Windows in the computer server segment, and consequently emphasizes demand-side learning effects that generate dynamic scale economies (or network externalities). Analytical characterizations of the equilibrium under such conditions are offered, and some comparative static and welfare effects are examined.
Dynamic Mixed Duopoly
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Author : Ramon Casadesus-Masanell
language : en
Publisher:
Release Date : 2013
Dynamic Mixed Duopoly written by Ramon Casadesus-Masanell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
This paper analyzes a dynamic mixed duopoly in which a profit-maximizing competitor interacts with a competitor that prices at zero (or marginal cost), with the cumulation of output affecting their relative positions over time. The modeling effort is motivated by interactions between Linux, an open-source operating system, and Microsoft's Windows in the computer server segment, and consequently emphasizes demand-side learning effects that generate dynamic scale economies (or network externalities). Analytical characterizations of the equilibrium under such conditions are offered, and some comparative static and welfare effects are examined.
Dynamic Mixed Duopoly
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Author : Ramon Casadesus-Masanell
language : en
Publisher:
Release Date : 2006
Dynamic Mixed Duopoly written by Ramon Casadesus-Masanell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Mixed Duopoly Product Differentiation And Competition
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Author : Minoru Kitahara
language : en
Publisher:
Release Date : 2013
Mixed Duopoly Product Differentiation And Competition written by Minoru Kitahara and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
We examine the relationship between the equilibrium price and the degree of product differentiation in a mixed duopoly in which a welfare-maximizing public enterprise competes against a profit-maximizing private firm. Existing works on private economy show that increased product differentiation mitigates price competition. We find that, in a mixed economy, increased product differentiation can accelerate competition when the demand is elastic. The private firm chooses to locate itself too close to the public firm (and thus makes the resulting degree of product differentiation too low) for social welfare, which never appears in the private economy.
Dynamic Models Of Oligopoly
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Author : D. Fudenberg
language : en
Publisher: Taylor & Francis
Release Date : 2013-06-17
Dynamic Models Of Oligopoly written by D. Fudenberg and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-17 with Business & Economics categories.
Fudenberg and Tirole use the game-theoretic issues of information, commitment and timing to provide a realistic approach to oligopoly.
Mixed Duopoly Under Vertical Differentiation
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Author : Isabel Grilo
language : en
Publisher:
Release Date : 1992
Mixed Duopoly Under Vertical Differentiation written by Isabel Grilo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with categories.
Revisiting Dynamic Duopoly With Consumer Switching Costs
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Author : Atilano Jorge Padilla
language : en
Publisher:
Release Date : 1993
Revisiting Dynamic Duopoly With Consumer Switching Costs written by Atilano Jorge Padilla and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Economics categories.
The Choice Of Capacity In Mixed Duopoly Under Demand Uncertainty
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Author : Yuanzhu Lu
language : en
Publisher:
Release Date : 2009
The Choice Of Capacity In Mixed Duopoly Under Demand Uncertainty written by Yuanzhu Lu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
We analyze the capacity choice of firms under demand uncertainty in a mixed duopoly market consisting of one private firm and one public firm. We define a two-stage game where firms choose capacity in the first stage without knowing which state of Nature is going to be realized, and output in the second stage knowing which state is realized. We address the question of maintaining over and under capacity in the equilibrium as a strategic device; and show that both symmetric and asymmetric outcomes can be realized.
Price Dispersion And Learning In A Dynamic Differentiated Goods Duopoly
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Author : Godfrey Keller
language : en
Publisher:
Release Date : 2001
Price Dispersion And Learning In A Dynamic Differentiated Goods Duopoly written by Godfrey Keller and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Duopolies categories.
Experimental Duopoly Markets With Demand Inertia
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Author : Claudia Keser
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Experimental Duopoly Markets With Demand Inertia written by Claudia Keser and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
This report portrays the results of experimental research on dynamic duopoly markets with demand inertia. Two methods of experimentation are studied: game-playing experiments where subjects interact spontaneously via computer terminals, and computer tournaments between strategies designed by subjects. The principal aim of this study is the understanding of boundedly rational decision making in the dynamic duopoly situation. 1. 1 Motivation The experiments examine a multistage duopoly game where prices in each period are the only decision variables. Sales depend on current prices and also on past sales (demand inertia). Applying the game-theoretic concept of subgame perfect equilibrium, the game is solved by backward induction. The result is a uniquely determined system of decision rules. However, we can hardly expect that human beings behave according to the equilibrium strategy of this game. It is unlikely that subjects are able to compute the equilibrium. And even if a subject is able to compute it, he might not make use of this knowledge. Only if he expects the others to behave according to the equilibrium, it is optimal for him to play the equilibrium strategy. We have evidence from several earlier experimental studies on oligopoly markets that, even in less complex oligopoly situations where the equilibrium solutions are very easy to compute, human behavior often is different from what is prescribed by normative theory. ! Normative theory is based on the concept of ideal rationality. However, human capabilities impose cognitive limits on rationality.