Quantity Precommitment And Bertrand Competition Yield Cournot Outcomes
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Quantity Precommitment And Bertrand Competition Yield Cournot Outcomes
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Author : Xiangkang Yin
language : en
Publisher:
Release Date : 1995
Quantity Precommitment And Bertrand Competition Yield Cournot Outcomes written by Xiangkang Yin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Competition categories.
Quantity Precommitment And Bertrand Competition Yield Cournot Outcomes
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Author : Xiangkang Yin
language : en
Publisher:
Release Date : 2011
Quantity Precommitment And Bertrand Competition Yield Cournot Outcomes written by Xiangkang Yin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Using a simple model of two-stage duopoly game, this paper shows that Bertrand-like price competition on a differentiated goods market, following a simultaneous endogenous choice of production capacity, yields the Cournot-like outcomes.
A Comment On Yin Xiangkang And Yew Kwang Ng
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Author : Norbert Schulz
language : en
Publisher:
Release Date : 1999
A Comment On Yin Xiangkang And Yew Kwang Ng written by Norbert Schulz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
Quality Precommitment And Bertrand Competition Yield Cournot Outcomes
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Author : Xiangkang Yin
language : en
Publisher:
Release Date : 1995
Quality Precommitment And Bertrand Competition Yield Cournot Outcomes written by Xiangkang Yin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
Cournot Pre Commitment And Bertrand Competition Yield Cournot Outcomes
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Author : David M. Kreps
language : en
Publisher:
Release Date : 1982
Cournot Pre Commitment And Bertrand Competition Yield Cournot Outcomes written by David M. Kreps and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Oligopolies categories.
Capacity Precommitment And Price Competition Yield Cournot Outcomes
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Author :
language : en
Publisher:
Release Date : 2001
Capacity Precommitment And Price Competition Yield Cournot Outcomes written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Quantity Precommitment And Bertrand Competition
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Author : Philipp Renner
language : en
Publisher:
Release Date : 2015
Quantity Precommitment And Bertrand Competition written by Philipp Renner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
In this paper we look at a new way to combine both quantity precommitment and price competition in a dynamic games framework. In each period players choose to invest in production capacities for the next period and also engage in a price competition. Production is free up to capacity and has steeply increasing costs if exceeded. The demand is allocated according to a quadratic utility function, which allows for product differentiation. This way we avoid rationing rules, that are frequently used in these kind of models. We use real algebraic geometry to explicitly solve the subgames played each period. This information allows us to guess that the value function is piecewise quadratic. Our results are that if costs for exceeding production capacity go to infinity, then the equilibrium converges to an extreme case, where production is free up to capacity and excess has infinite marginal cost. This limiting approach allows us to compare our model to the ones with homogeneous goods and rationing. We also construct a similar Cournot like model as a benchmark. Computational experiments show that, in the limit, the outcome of the price competition with quantity precommitment equals the one in the Cournot case. This extends a similar result for static two stage games. However if we move away from the limit case, i.e. to a case where marginal costs are finite, the two models no longer agree.
Strategic Competition In Oligopolies With Fluctuating Demand
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Author : Leslie Neubecker
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-02-17
Strategic Competition In Oligopolies With Fluctuating Demand written by Leslie Neubecker 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 2006-02-17 with Business & Economics categories.
Dynamic oligopolistic competition has implications both for the strategic management of firms and for the design of an effective competition policy. Consequently, the present book considers the issue from a private and social perspective. It discusses the potential pro- and anticollusive effects of long-term business strategies, especially for cooperation and reinvestment in production, financing and management compensation, in markets with fluctuating demand. The method of supergame theory is applied to integrate long-run decisions and different types of demand into the analysis. Aside from its contributions to the theoretical literature, the book provides valuable insights into the design of competition policy. The observed development of prices is an indicator of the extent of collusion in the market and can thereby be used to assess antitrust regulation in certain business areas, and to focus the resources of competition authorities on markets where conditions are conducive to collusion.
Game Practice Contributions From Applied Game Theory
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Author : Fioravante Patrone
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Game Practice Contributions From Applied Game Theory written by Fioravante Patrone 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 collection of papers is an outgrowth of the "Game Practice I" th th conference held in Genoa from 28 to 30 June 1998. More precisely, it is the result of the call for papers that was issued in association with that conference: actually, nearly half of the contributions to this book are papers that were presented in Genoa. The name chosen for the conference and for this book is in evident and provocative contrast with "Game Theory": this choice needs some explanation, and to that we shall devote a few words of this Preface. Let us say at the outset that "Game Practice" would not exist without Game Theory. As one can see, the overall content of this book is firmly rooted in the existing Game Theory. It could be hardly otherwise, given the success and influence of Game Theory (just think of the basic issues in Economic Theory), and the tremendous development that has taken place within Game Theory. This success, however, makes even more evident the existence of problems with respect to the verification of the theory. This is patent from the point of view of the predictive value of Game Theory (the "positive" side): a lot of experimental and observational evidence demon strates that there is a large gap between theory and "practice".
Microeconomics
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Author : David Besanko
language : en
Publisher: John Wiley & Sons
Release Date : 2020-05-27
Microeconomics written by David Besanko and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-27 with Business & Economics categories.
Microeconomics is a classroom-tested resource for learning the key concepts, essential tools, and applications of microeconomics. This leading textbook enables students to recognize and analyze significant data, patterns, and trends in real markets through its integrated, student-friendly approach to the subject — providing practice problems, hands-on exercises, illustrative examples, and engaging applications that ground theory firmly in the real world. Each chapter, opening with a set of clearly defined learning goals based on the Bloom Taxonomy, features numerous Learning-by-Doing (LBD) problems, mathematical and graphical data, and varied problem sets focused on current events. Now in its sixth edition, the text offers extensive new and revised content throughout. All applications reflect current data and important new developments in the field of economics, including behavioral economics, randomized controlled trials (RCTs) in policy evaluation and design, and computational-based microeconomics. Updated chapter openers, designed to increase student interest, cover topics including the economic impacts of climate change, U.S. household income and spending, surge pricing by Uber and Lyft, the effect of immigration on wages, and advances in robotics, automation, artificial intelligence, and more.