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Goes back to thinking on the price theory of oligopoly in 1960. In particular, is concerned with Stackelberg …’s oligopoly theory. Presents a careful description of the development of Stackelberg’s analysis. Takes into account his … mathematical appendix. Confronts the theory with game theory and concludes that in a dynamic game a Nash-Cournot equilibrium will …
Persistent link: https://www.econbiz.de/10005003340
There is growing evidence that low-quality customer service prevails in the mobile telecommunications industry. In this paper we provide theoretical support to this empirical observation by using simple game theoretical models where inefficient low-quality service levels are part of an...
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Advances in information technology increasingly allow firms to identify expensive, high-cost customers, who are not only individually less profitable for firms but also raise the average marginal cost incurred by firms and thus impose a negative externality on inexpensive customers. Should...
Persistent link: https://www.econbiz.de/10009440989
The objective of this paper was to compare and to analyze three portfolio selection models: Mean-Variance, Minimax and Minimax Weighted. These models were evaluated using historical data (September 1999 to August 2000, January 2001 to December 2001 and February 2002 to January 2003) obtained...
Persistent link: https://www.econbiz.de/10009445890
In this thesis, we analyze the impact of the decentralization of price and leadtime decisions made by the marketing and production departments, respectively, in a make-to-order firm. We first study a monopoly environment, and find that in the decentralized setting, the total demand generated is...
Persistent link: https://www.econbiz.de/10009475738
, formulations based on the well-established mathematical field of game theory are introduced to obtain insights into the project … selection problem. The use of game theory is explored in this research as a method to assist the selection process of R …
Persistent link: https://www.econbiz.de/10009475741