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Pre-play communication in Cournot competition: An experiment with students and managers
Waichman, Israel; Requate, Till; Siang, Ch'ng Kean - 2010
experiments, using both students and managers as subjects. Communication is implemented by two different devices, a 'standardized … triopoly. Moreover, managers behave in a similar way under the two communication devices, while students are more influenced by … the free-communication than by the standardized-communication device. In addition, managers select lower aggregate …
Persistent link: https://www.econbiz.de/10010302699
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Debt as a (credible) collusive device, or: "Everybody happy but the consumer"
Spagnolo, Giancarlo - 1999
The paper proposes a theory of the anti-competitive effects of debt finance based on the interaction between capital … that reduce conflicts with debtholders such as hiring managers with valuable reputations or "conservative" incentives …
Persistent link: https://www.econbiz.de/10011608557
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A Product Market Theory of Worker Training
Gersbach, Hans; Schutzler, Armin - 2001
We develop a product market theory that explains why firms invest in general training of their workers. We consider a …
Persistent link: https://www.econbiz.de/10010262533
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On competition and the strategic management of intellectual property in oligopoly
Jansen, Jos - 2009
An innovative firm chooses strategically whether to patent its process innovation or rely on secrecy. By doing so, the firm manages its rival's beliefs about the size of the innovation, and affects the incentives in the product market. Different measures of competitive pressure in the product...
Persistent link: https://www.econbiz.de/10010267007
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Price and Inventory Dynamics in an Oligopoly Industry: A Framework for Commodity Markets
Steinmetz, Alexander - 2010
This paper analyzes the interaction between price and inventory decisions in an oligopoly industry and its implications … endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and …
Persistent link: https://www.econbiz.de/10010294737
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Mutual Recognition of National Minimum Quality Standards may Support International Convergence
Lutz, Stefan - 2003
In a model of vertical product differentiation, duopolistic firms face qualitydependent costs and compete in quality and price in two segmented markets. Minimum quality standards, set according to the principle of Mutual Recognition, can be used to increase welfare. The results of the one-shot...
Persistent link: https://www.econbiz.de/10010298134
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Price and inventory dynamics in an oligopoly industry: A framework for commodity markets
Steinmetz, Alexander - 2010
This paper analyzes the interaction between price and inventory decisions in an oligopoly industry and its implications … endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and …
Persistent link: https://www.econbiz.de/10010300834
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Horizontal mergers with synergies: first-price vs. profit-share auction
Ding, Wei; Fan, Cuihong; Wolfstetter, Elmar G. - 2010
We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect … oligopoly game. …
Persistent link: https://www.econbiz.de/10010333759
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Abbink, Klaus; Brandts, Jordi - 2003
Bertrand competition under decreasing returns involves a wide interval of pure strategy equilibrium prices. We first present results of experiments in which two, three and four identical firms repeatedly interact in this environment. Less collusion with more firms leads to lower average prices....
Persistent link: https://www.econbiz.de/10010290534
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Game-theoretical, Strategic forward Contracting in the Electricity Market
Holmberg, Pär - 2008
Forward sales is a credible commitment to aggressive spot market bidding, and it mitigates producers' market power in electricity markets. Still it can be profitable for a producer to make such a commitment if it results in a soft response from competitors in the spot market (strategies are...
Persistent link: https://www.econbiz.de/10010320246