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This article provides model of the retail gasoline market as multi-agent systems. The main factors, which affecting on the retail price of gasoline were determined. The authors found that using the agent approach, which takes into consideration the coalitions in the market, in particular, tacit...
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consensus value is discussed.Finally, two applications of the consensus value are given: one is for oligopoly games in partition …
Persistent link: https://www.econbiz.de/10011091966
Cuahtemoc-Moctezuma) are analyzed which already have long formed part of an oligopoly because these two companies account for … more than 99% of beer market in this country. All this analysis is made from the perspective of game theory. The main … objective is to analyze the effects of competition and advertising from one to another brewer from a standpoint of game theory …
Persistent link: https://www.econbiz.de/10010948965
Oligopoly market is characterized by the production of homogenous commodities with very similar attributes. The market … to derive cost functions for production of this commodity at every oligopoly firm and a uniform price function for all …
Persistent link: https://www.econbiz.de/10010822838
This essay deals with the contribution of Seitz and Stackelberg on oligopoly. Stackelberg's theory on price leadership … the sixties on oligopoly theory between Krelle, Ott, Heertje, Helmstadter und Seitz. He looks back from a game theoretical …
Persistent link: https://www.econbiz.de/10008596490
A linear-quadratic dynamic oligopoly model is developed and applied to the world coffee export market. The model nests …
Persistent link: https://www.econbiz.de/10010537443
-theoretic approach to develop a theory of oligopoly pricing. Vives begins by relating classic contributions to the field--including those …The "oligopoly problem"--the question of how prices are formed when the market contains only a few competitors--is one … of Cournot, Bertrand, Edgeworth, Chamberlin, and Robinson--to modern game theory. In his discussion of basic game …
Persistent link: https://www.econbiz.de/10004973113
playing a relatively large oligopoly game. The author constructs a playoff matrix and discusses various strategies and …
Persistent link: https://www.econbiz.de/10005600551