Search Results - subject:"PROFIT MAXIMIZATION"

Relative profit maximization and irrelevance of leadership in Stackelberg model

Tanaka, Yasuhito - Volkswirtschaftliche Fakultät, … - 2014

We study the Stackelberg equilibrium in a symmetric duopoly with differentiated goods in which each firm maximizes its relative profit that is the difference between its profit and the profit of the rival firm. We show that the equilibrium output and price of the good of the leader and those of...

Persistent link: https://www.econbiz.de/10011107657

Relative profit maximization in asymmetric oligopoly: Cournot and Bertrand equilibria

Satoh, Atsuhiro; Tanaka, Yasuhito - Volkswirtschaftliche Fakultät, … - 2014

We analyze Bertrand and Cournot equilibria in an asymmetric oligopoly with more than two firms in which the firms produce differentiated substitutable goods and seek to maximize their relative profits instead of their absolute profits. Assuming linear demand functions and constant marginal costs...

Persistent link: https://www.econbiz.de/10011108015

Relative profit maximization in asymmetric oligopoly

Satoh, Atsuhiro; Tanaka, Yasuhito - Volkswirtschaftliche Fakultät, … - 2014

We analyze Bertrand and Cournot equilibria in an asymmetric oligopoly in which the firms produce differentiated substitutable goods and seek to maximize their relative profits instead of their absolute profits. Assuming linear demand functions and constant marginal costs we show the following...

Persistent link: https://www.econbiz.de/10011110443

Relative profit maximization and equivalence of Cournot and Bertrand equilibria in an asymmetric differentiated duopoly

Satoh, Atsuhiro; Tanaka, Yasuhito - Volkswirtschaftliche Fakultät, … - 2014

We study the relation between a Cournot equilibrium and a Bertrand equilibrium in an \emph{asymmetric} duopoly with differentiated goods in which each firm maximizes its relative profit that is the difference between its profit and the profit of the rival firm. Both demand and cost functions are...

Persistent link: https://www.econbiz.de/10011110490

Choice of strategic variables under relative profit maximization in asymmetric oligopoly

Satoh, Atsuhiro; Tanaka, Yasuhito - Volkswirtschaftliche Fakultät, … - 2014

We consider a simple model of the choice of strategic variables under relative profit maximization by firms in an …

Persistent link: https://www.econbiz.de/10011110771

Road pricing: An overview

M. Rouhani, Omid - Volkswirtschaftliche Fakultät, … - 2014

This paper offers a general overview of the road pricing concept. It first examines the common objectives used in road pricing, namely (a) congestion reduction; (b) raising profits; (c) social welfare maximization; etc. Then, it explores various types of road pricing, including two major ones:...

Persistent link: https://www.econbiz.de/10011111205

Equivalance of Cournot and Bertrand equilibria in differentiated duopoly under relative profit maximization with linear demand

Tanaka, Yasuhito - Volkswirtschaftliche Fakultät, … - 2014

equilibrium and the Bertrand equilibrium under absolute profit maximization. We assume that demand functions for the goods of the …

Persistent link: https://www.econbiz.de/10011111361

ECONOMIC ISSUES OF BROILER PRODUCTION LENGTH

László, Szőllősi; István, Szűcs; András, Nábrádi - In: Economics of Agriculture 61 (2014) 3

Persistent link: https://www.econbiz.de/10011078159

Incentive for adoption of new technology in duopoly under absolute and relative profit maximization

Hattori, Masahiko; Tanaka, Yasuhito - Volkswirtschaftliche Fakultät, … - 2014

and relative profit maximization. Technology itself is free, but each firm must expend a fixed set-up cost, for example …, for education of its staff. Under absolute profit maximization there are three types of sub-game perfect equilibria … relative profit maximization there are two sub-game perfect equilibria. Both firms, or no firm adopt new technology. And we …

Persistent link: https://www.econbiz.de/10011112210

Irrelevance of conjectural variation in duopoly under relative profit maximization and consistent conjectures

Satoh, Atsuhiro; Tanaka, Yasuhito - Volkswirtschaftliche Fakultät, … - 2014

profit maximization with constant conjectural variations, and show mainly the following results. 1) Conjectural variations of …

Persistent link: https://www.econbiz.de/10011113286