Endogenous Timing In Cournot Duopoly
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Endogenous Timing In Cournot Duopoly
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Author : Toshihiro Matsumura
language : en
Publisher:
Release Date : 1994
Endogenous Timing In Cournot Duopoly written by Toshihiro Matsumura and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.
Playing Cournot Although They Shouldn T Endogenous Timing In Experimental Duopolies With Asymmetric Cost
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Author : Miguel Alexandre Fonseca
language : en
Publisher:
Release Date : 2004
Playing Cournot Although They Shouldn T Endogenous Timing In Experimental Duopolies With Asymmetric Cost written by Miguel Alexandre Fonseca and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
In this note, we experimentally investigate the extended game with action commitment in a Cournot duopoly with asymmetric cost. Risk dominance considerations allow to select a unique equilibrium in which the low-cost firm is the Stackelberg leader. The data, however, do not support the theory as simultaneous-move play is modal. Average output choices are in line with the Cournot equilibrium. This suggests that Cournot is a much more robust predictor for competition in markets than theory suggests.
Endogenous Timing In A Duopoly Model With Incomplete Information
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Author : Hans-Theo Normann
language : en
Publisher:
Release Date : 1996
Endogenous Timing In A Duopoly Model With Incomplete Information written by Hans-Theo Normann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Decision making categories.
Endogenous Timing In Duopoly Games
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Author : Jonathan H. Hamilton
language : en
Publisher:
Release Date : 1988
Endogenous Timing In Duopoly Games written by Jonathan H. Hamilton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Equilibrium (Economics) categories.
Endogenous Timing And Strategic Choice
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Author : Victor J. Tremblay
language : en
Publisher:
Release Date : 2013
Endogenous Timing And Strategic Choice written by Victor J. Tremblay 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.
Cournot establishes a Nash equilibrium to a duopoly game under output competition; Bertrand finds a different Nash equilibrium under price competition. Both treat the strategic choice variable (output versus price) and the timing of play as exogenous. We investigate Cournot-Bertrand models where one firm competes in output and the other competes in price in both static and dynamic settings. We also develop a general model where both the timing of play and the strategic choice variables are endogenous. Consistent with the conduct of Honda and Scion, we show that Cournot-Bertrand behaviour can be a Nash equilibrium outcome.
Endogenous R D Symmetry In Linear Duopoly With One Way Spillovers
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Author : Antonio Tesoriere
language : en
Publisher:
Release Date : 2005
Endogenous R D Symmetry In Linear Duopoly With One Way Spillovers written by Antonio Tesoriere and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Endogenous Timing In A Duopoly Model With Incomplet Informationa
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Author : Hans-Theo Normann
language : en
Publisher:
Release Date : 1996
Endogenous Timing In A Duopoly Model With Incomplet Informationa written by Hans-Theo Normann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Endogenous Timing With Free Entry
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Author : Antonio Tesoriere
language : en
Publisher:
Release Date : 2006
Endogenous Timing With Free Entry written by Antonio Tesoriere 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.
Endogenous Timing In A Duopoly Model With Incomplete Formation
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Author : Hans-Theo Normann
language : en
Publisher:
Release Date : 1996
Endogenous Timing In A Duopoly Model With Incomplete Formation written by Hans-Theo Normann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Endougenous Timing In A Mixed Duopoly
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Author : Rabah Amir
language : en
Publisher:
Release Date : 2013
Endougenous Timing In A Mixed Duopoly written by Rabah Amir 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 applies the framework of endogenous timing in games to mixed quantity duopoly, wherein a private - domestic or foreign - firm competes with a public, welfare maximizing firm. We show that simultaneous play never emerges as a subgame-perfect equilibrium of the extended game, in sharp contrast to private duopoly games. We provide sufficient conditions for the emergence of public and/or private leadership equilibrium. In all cases, private profits and social welfare are higher than under the corresponding Cournot equilibrium. From a methodological viewpoint we make extensive use of the basic results from the theory of supermodular games in order to avoid common extraneous assumptions such as concavity, existence and uniqueness of the different equilibria, whenever possible. Some policy implications are drawn, in particular those relating to the merits of privatization.