Three Essays On Price Competition In Oligopoly
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Three Essays On Price Competition In Oligopoly
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Author : Shyh-Fang Ueng
language : en
Publisher:
Release Date : 1992
Three Essays On Price Competition In Oligopoly written by Shyh-Fang Ueng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Competition categories.
This research investigates three issues related to the economic performance of oligopolistic markets where firms produce differentiated products and compete in prices. First of all, this dissertation uses a Markov Perfect Equilibrium approach with fixed periods of commitment of actions to answer the question of what prices a duopolists will charge in equilibrium if they produce horizontally differentiated products, move alternatingly, and compete in prices forever. It is found that firms charge prices which are higher than Nash equilibrium prices but lower than the fully collusive equilibrium prices. Also, contrasted with the Nash equilibrium of the one-shot constituent game, the firm having the significantly higher demand responsiveness to its own price always charges a lower price than the other firm does although it has higher marginal cost. The dissertation then proceeds to study whether a firm can overcome its cost disadvantage by upgrading its product over the rival's, and if so, whether there exists a profit-division which will induce the low cost firm and the high cost firm to collude and no one has an incentive to cheat. The results show that (1) the ability of upgrading the product over the rival's can allow a high cost firm to earn higher profit than a cost advantaged low cost firm; (2) there exists at least one profit-division which can sustain full collusion; and (3) in the collusive equilibrium firms enlarge their quality differences to alleviate the price tension between their products. Finally, this work investigates the welfare effect of mergers which occur in an oligopolistic industry where firms produce differentiated products. It is shown that for the merger to be socially beneficial, the number of the merging firms must be less than the total number of firms in the industry minus the ratio of the products' own elasticity to cross elasticity. The analysis indicates that the welfare effect of a merger of a specific size depends on the substitutability among products of the industry.
Three Essays On Price Dispersion And Oligopoly
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Author : Paulo de Freitas Guimaraes
language : en
Publisher:
Release Date : 1992
Three Essays On Price Dispersion And Oligopoly written by Paulo de Freitas Guimaraes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Economics, Mathematical categories.
Three Essays On The Economics Of Advertising In Oligopoly
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Author : Jae-Woo Lee
language : en
Publisher:
Release Date : 1990
Three Essays On The Economics Of Advertising In Oligopoly written by Jae-Woo Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Oligopolies categories.
Three Essays On Strategic Trading In Oligopolistic Economies
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Author : Alexei Boulatov
language : en
Publisher:
Release Date : 2004
Three Essays On Strategic Trading In Oligopolistic Economies written by Alexei Boulatov 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.
Three Essays On Oligopoly
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Author : Markus Reisinger
language : en
Publisher:
Release Date : 2004
Three Essays On Oligopoly written by Markus Reisinger 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.
Three Essays On Successive Vertical Oligopolies
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Author : Joon Lim
language : en
Publisher:
Release Date : 2005
Three Essays On Successive Vertical Oligopolies written by Joon Lim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Oligopolies categories.
Three Essays On Imperfect Competition In Agricultural Markets
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Author : Mingxia Zhang
language : en
Publisher:
Release Date : 1997
Three Essays On Imperfect Competition In Agricultural Markets written by Mingxia Zhang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.
Theory Of Markets
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Author : Thin Tun
language : en
Publisher: Harvard University Press
Release Date : 1960
Theory Of Markets written by Thin Tun and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1960 with Business & Economics categories.
Concerned primarily with oligopoly, this work includes a general study of pricing in three different markets--perfect competition, perfect monopoly, and imperfect competition. The solutions of these markets offered by Cournot, Smithies, Chamberlin, Stackelberg, Fellner, and Robinson are presented mathematically, followed by the author's own version of the theory of rational pricing in oligopoly. Previous authors have not allowed for all the variables arising from profit and price situations in the market. Here, more realistic assumptions and more complex analyses indicate that sellers in oligopoly situations do not always need to arrange specific agreements--hence, that "administered" pricing does not inevitably occur when the market is dominated by a few producers.
Three Essays On Strategic Aspects In Oligopoly With Vertical Structure
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Author : Mohammad Ali Kashefi
language : en
Publisher:
Release Date : 2012
Three Essays On Strategic Aspects In Oligopoly With Vertical Structure written by Mohammad Ali Kashefi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Three Essays Applying Microeconomic Theory To International Trade Issues
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Author : Nils Johan Bjorksten
language : en
Publisher:
Release Date : 1993
Three Essays Applying Microeconomic Theory To International Trade Issues written by Nils Johan Bjorksten and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Equilibrium (Economics) categories.