This paper extends the static analysis of oligopoly structure into an infinite-horizon setting with sunk costs and …

market power. Multiple precision medicine market situations now resemble game theory constructs such as the prisoners …

than its static analog. We then test the theory using monthly production targets of the Big Three U.S. auto manufacturers …

There has been a significant interest on a theoretical level in the application of supergames to oligopoly behavior …

We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The … demands across the firms. We first establish the existence of pure strategy subgame perfect equilibria (oligopoly equilibria … oligopoly equilibria of this game can be arbitrarily low. However, if the best oligopoly equilibrium is selected (among multiple …

from trade under Bertrand and Cournot oligopoly. Firms differentiate their products to mitigate competition, but only if …

We demonstrate how to estimate a model of product demand and oligopoly pricing when products are multi … informed by economic theory, we simultaneously estimate a demand system and price-cost margins for products differentiated in …