Showing 1 - 8 of 8
064Taylor's model of staggered contracts is an influential explanation for nominal inertia and the persistent real effects of nominal shocks. However, in standard imperfect competition models, if agents are allowed to choose the timing of pricing decisions, they will typically choose to...
Persistent link: https://www.econbiz.de/10005412581
WTO negotiations rely on tariff reduction formulas. It has been argued that formula approaches are of increasing importance in trade talks, because of the large number of countries involved, the wider dispersion in initial tariffs (e.g. tariff peaks) and gaps between bound and applied tariff...
Persistent link: https://www.econbiz.de/10005062606
algorithm of social evolution and aspiration learning for asymmetric duopoly is presented. The evolutionary equilibrium in R …&D duopoly with spillovers is presented and analyzed. The results show that strengthening intellectual property rights protection …
Persistent link: https://www.econbiz.de/10005412931
either chooses a R&D (and output) subsidy, or remains inactive. For a domestic duopoly a government taxes, subsidizes, or …
Persistent link: https://www.econbiz.de/10005556503
A simple Ising spin model which can describe the mechanism of advertising in a duopoly market is proposed. In contrast …
Persistent link: https://www.econbiz.de/10005556888
duopoly with aggregate demand uncertainty. We find that limited liability and investment irreversibility is likely to produce … obligations in adverse states. However, market conditions themselves become endogenous in a duopoly since the quantity decisions … consequently monopolize the market. Therefore, the model of this paper explains predatory behavior in a duopoly without invoking …
Persistent link: https://www.econbiz.de/10005134505
dynamics of a 2- player Cournot duopoly, proposed by Puu (1997). We establish admissibility conditions on the initial state of …
Persistent link: https://www.econbiz.de/10005135005
is better for the duopoly producers than the Stackelberg's leader. This conclusion, however, does not prevail for the …, based on higher Cournot's profits than Stackelberg's profits. Keywords: Duopoly, Durable, Price, Profit. …
Persistent link: https://www.econbiz.de/10005135030