Endogenous Timing In Mixed Duopolies With Externality
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Endogenous Timing In Mixed Duopolies With Externality
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Author : Toshihiro Matsumura
language : en
Publisher:
Release Date : 2017
Endogenous Timing In Mixed Duopolies With Externality 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 2017 with categories.
We investigate endogenous timing in a mixed duopoly with a negative externality. We find that quantity (price) competition yields a simultaneous-move (sequential-move) outcome under a significant negative externality. These results indicate that mixed duopolies yield the same results as private duopolies under a significant negative externality, which is in sharp contrast to the results in mixed duopolies without a negative externality. Unless the negative externality is insignificant, public leadership yields greater welfare than private leadership, and public leadership is more robust than the private leadership as equilibrium. If optimal environmental tax policy is introduced, however, private leadership yields the greatest welfare and this an equilibrium outcome in the endogenous timing game under quantity competition.
Endogenous Timing In A Mixed Duopoly With Capacity Choice
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Author : Juan Carlos Barcena Ruiz
language : en
Publisher:
Release Date : 2010
Endogenous Timing In A Mixed Duopoly With Capacity Choice written by Juan Carlos Barcena Ruiz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
An endogenous order of moves is analyzed in a mixed duopoly where firms first strategically choose their capacity levels and then compete at price level. In equilibrium, firms are shown to set prices simultaneously while capacities are chosen sequentially. This result is in contrast to the assumption of simultaneous order of moves for capacities choice made by Bárcena-Ruiz and Garzón (Economics Bulletin, Vol. 12 (2007), pp. 1-7) in a mixed duopoly. Besides, we find that there are two equilibria: in one of them the public firm is the leader in capacities and, in the other, the follower.
Endogenous Timing In A Mixed Duopoly With Endogenous Vertical Differentiation
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Author : Lin Liu
language : en
Publisher:
Release Date : 2014
Endogenous Timing In A Mixed Duopoly With Endogenous Vertical Differentiation written by Lin Liu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
We consider a game of endogenous timing with observable delay in a mixed duopoly with endogenous vertical differentiation in the context of sequential quality and price choice. We find that a simultaneous play in the first opportunity at each stage turns out to be the unique subgame perfect Nash equilibrium, which contrasts with the endogenous timing in a purely private duopoly.
A Model Of Endogenous Payoff Motives And Endogenous Timing In A Mixed Duopoly
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Author : Kangsik Choi
language : en
Publisher:
Release Date : 2009
A Model Of Endogenous Payoff Motives And Endogenous Timing In A Mixed Duopoly written by Kangsik Choi 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.
A model of endogenous payoff motives and endogenous order of moves is analysed in a mixed duopoly. We find that, when a non-negative price constraint is imposed on public and private firms' quantity choice, both firms always choose to be relative-payoff-maximisers, and both simultaneous move and sequential move can be sustained in equilibrium. In contrast, when non-negative absolute profit constraint is imposed, public and private firms always choose to be absolute-payoff-maximisers, and only sequential move can be sustained in equilibrium.
Games And Dynamics In Economics
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Author : Ferenc Szidarovszky
language : en
Publisher: Springer Nature
Release Date : 2020-04-11
Games And Dynamics In Economics written by Ferenc Szidarovszky and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-11 with Mathematics categories.
This book focuses on the latest advances in nonlinear dynamic modeling in economics and finance, mainly—but not solely—based on the description of strategic interaction by using concepts and methods from dynamic and evolutionary game theory. The respective chapters cover a range of theoretical issues and examples concerning how the qualitative theory of dynamical systems is used to analyze the local and global bifurcations that characterize complex behaviors observed in social systems where heterogeneous and boundedly rational economic agents interact. Nonlinear dynamical systems, represented by difference and differential and functional equations, are extensively used to simulate the behavior of time-evolving economic systems, also in the presence of time lags, discontinuities, and hysteresis phenomena. In addition, some theoretical issues and particular applications are discussed, as well. The contributions gathered here offer an up-to-date review of the latest research in this rapidly developing research area.
The Economics Of Vertically Differentiated Markets
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Author : Luca Lambertini
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006-01-01
The Economics Of Vertically Differentiated Markets written by Luca Lambertini and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Business & Economics categories.
'This is a high-quality book on an important and central topic in the theory of industrial organisation. It is a cohesive and extremely well written volume which is destined to become a standard work on the subject.' - Mark Casson, University of Reading, UK This original new book offers a comprehensive and engaging perspective on the theory of vertical differentiation. It enables the reader to grasp the key concepts and effects that product quality has both on firms' behaviour and market structure, and the ways in which this relationship has evolved. With contributions from prominent figures in the field, the book investigates a number of important topics, such as the choice of the optimal product range, profit sharing, the existence of equilibrium in duopoly games, positional effects attached to status goods, international trade, collusion, advertising and the dynamics of capital accumulation for quality improvement and product innovation. Using both static and dynamic approaches, these aspects are assessed in relation to the manifold issues of regulation, competition policy and trade policy. Product differentiation and its influence on consumer behaviour and the performance of firms is a core topic in the existing literature in the fields of industrial organization, international trade and economic growth. This book will be an essential read for researchers, students and professional scholars working in these areas, especially those with an interest in antitrust regulation.
A General Theory Of Equilibrium Selection In Games
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Author : John C. Harsanyi
language : en
Publisher: Mit Press
Release Date : 1988
A General Theory Of Equilibrium Selection In Games written by John C. Harsanyi and has been published by Mit Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Business & Economics categories.
The authors, two of the most prominent game theorists of this generation, have devoted a number of years to the development of the theory presented here, and to its economic applications. They propose rational criteria for selecting one particular uniformly perfect equilibrium point as the solution of any noncooperative game. And, because any cooperative game can be remodelled as a noncooperative bargaining game, their theory defines a one-point solution for any cooperative game as well.By providing solutions - based on the same principles of rational behavior - for all classes of games, both cooperative and noncooperative, both those with complete and with incomplete information, Harsanyi and Selten's approach achieves a remarkable degree of theoretical unification for game theory as a whole and provides a deeper insight into the nature of game-theoretic rationality.The book applies this theory to a number of specific game classes, such as unanimity games; bargaining with transaction costs; trade involving one seller and several buyers; two-person bargaining with incomplete information on one side, and on both sides. The last chapter discusses the relationship of the authors' theory to other recently proposed solution concepts, particularly the Kohberg-Mertens stability theory.John C. Harsanyi is Flood Research Professor in Business Administration and Professor of Economics, University of California, Berkeley. Reinhard Selten is Professor of Economics Institute of Social and Economic Sciences: University of Bonn, Federal Republic of Germany.
Southern Economic Journal
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Author :
language : en
Publisher:
Release Date : 2003
Southern Economic Journal written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Economics categories.
Real R D Options
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Author : Dean Paxson
language : en
Publisher: Elsevier
Release Date : 2002-12-05
Real R D Options written by Dean Paxson and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-12-05 with Business & Economics categories.
Real R&D options are among the earliest modelled real options, with now ten primary practical uses: general R&D planning, planning R&D in stages, evaluating test information, new product development timing, operations, abandonment, risk sharing, market funding, industry strategy and regulation. This book was partly motivated by requests to identify and develop real option models for R&D in telecommunications, petroleum technology and biotechnology. Nine new models cover information and implementation costs, analytical solutions for mean reverting, or fat tailed revenues, endogenous learning and exogenous and experiential shocks, American sequential options, and innovator advantages. Four new applications include forward start development options, exploration options, innovation with information costs, and innovator's real values with changing market share. R&D directors and researchers will find several uses for these models: general R&D planning evaluating test information new product development timing risk sharing industry strategy and regulation A practical guide to how organizations can use Real Option techniques to effectively value research and development by companies Provides a rigorous theoretical underpinning of the use of Real Option techniques Real Options applications are orientated around the economies of North America, Europe and Asia, for an international perspective
Oligopoly Pricing
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Author : Xavier Vives
language : en
Publisher: MIT Press (MA)
Release Date : 1999
Oligopoly Pricing written by Xavier Vives and has been published by MIT Press (MA) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
Applies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text relates classic contributions to the field of modern game theory and discusses basic game-theoretic tools and equilibrium, paying particular attention to developments in the theory of supermodular games.