Search Results - subject:"Conjectural Variations"

Haskel, Jonathan; Scaramozzino, Pasquale - C.E.P.R. Discussion Papers - 1995

This paper examines how firms interact with their rivals. The main novelty of our approach is that we let conjectural … variations depend on the actual ability of other firms to react, which we measure by both the physical capacity and financial …

Persistent link: https://www.econbiz.de/10005498024

Conjectural Variations in Aggregative Games: An Evolutionary Perspective

Possajennikov, Alex - School of Economics, University of Nottingham

Suppose that in aggregative games, in which a player's payoff depends only on this player's strategy and on an aggregate of all players' strategies, the players are endowed with constant conjectures about the reaction of the aggregate to marginal changes in the player's strategy. The players...

Persistent link: https://www.econbiz.de/10010580408

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