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The paper aims at the need for economic policy evaluators to assess how and whether specific measures can influence the development of markets in a way that achieves greater wealth. Therefore, this study concentrates on well-documented firms' heterogeneity that significantly impact their ability...
Persistent link: https://www.econbiz.de/10012800555
We investigate the role and performance of imitative behavior in a class of quantity-setting, Cournot games. Within a framework of evolutionary competition between rational, myopic best-response and imitation heuristics with differential heuristics' costs, we found that the equilibrium stability...
Persistent link: https://www.econbiz.de/10014636241
A multi-tournament environment is analyzed, focusing on the impact of organizer market structure on agent entry behavior. Two high ability agents first decide which tournament to enter (with fields then filled by low ability agents). If the marginal benefit of high ability agents in an event is...
Persistent link: https://www.econbiz.de/10014420155
This paper develops the following price indicators to measure the relative efficiency (functioning) of markets: (a) price dispersion, (b) price volatility, and (c) price transmission (speed, completeness, and symmetry). The paper uses these indicators to study trends and conditions of the outlet...
Persistent link: https://www.econbiz.de/10011794763
The authors examine an issue at the nexus of domestic competition policy and international trade, the interaction between goods trade and market power in domestic trade and distribution sectors. Theory suggests a set of linkages between service-sector competition and goods trade supported by...
Persistent link: https://www.econbiz.de/10012552600
competition using the Cournot oligopoly model with heterogeneous firms. In particular, our objective is to provide some insights … into the role of cost asymmetry in studying the effects of trade liberalisation in the Cournot oligopoly framework. In … order to introduce firm heterogeneity into the oligopoly model we use the generalised Cournot framework with asymmetric …
Persistent link: https://www.econbiz.de/10015415058
economic market in ASEAN countries. This research aims to answer whether the trade war led to an oligopoly or a systemic market … war, there was an increase in the Herfindahl–Hirschman index, which has a trend toward a collusive oligopoly market …
Persistent link: https://www.econbiz.de/10014528173
In Konzentrationsanalysen wird neben der Ermittlung eines globalen Konzentrationsmaßes für einen relevanten Markt mit Hilfe von Dominanzmaßen ein oligopolistischer Kern abgegrenzt. Diese Dominanzmaße stehen im Mittelpunkt dieser Arbeit. Es wird untersucht, welche Anforderungen an diese Maße...
Persistent link: https://www.econbiz.de/10011924684
A numerical procedure capable of obtaining the equilibrium states of oligopoly markets under several assumptions is … and any location of the firms. Four scenarios of oligopoly markets were developed by combining both strategies from one …
Persistent link: https://www.econbiz.de/10014422280
In this paper we build a pragmatic model on competition in oligopoly markets. To achieve this goal, we use an approach …
Persistent link: https://www.econbiz.de/10012271649