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welfare effect for malting plants in Canada if the oligopoly is exercising significant market power. Dieses Papier befasst …
Persistent link: https://www.econbiz.de/10011250302
In his book on 'Market Microstructure' Spulber presented some strange results with respect to the impact of the substitutability parameter in an intermediation model with differentiated products and inputs. Intuitively, effects in the product and the input market should be similar: if firms...
Persistent link: https://www.econbiz.de/10009003560
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...
Persistent link: https://www.econbiz.de/10009021835
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...
Persistent link: https://www.econbiz.de/10010800876
Persistent link: https://www.econbiz.de/10010843143
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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
This book serves as an introduction to game theory for students with no prior game theory knowledge, or with limited … approach to game theory, while simultaneously exploring cooperative games, repeated play, correlated equilibrium, and a range …
Persistent link: https://www.econbiz.de/10008773980
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