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Induced Price Leadership and (Counter-)Spying Rivals' Play Under Incomplete Information

Fan, Cuihong - 2019

We analyze spying out a rival’s price in a Bertrand market game with incomplete information. Spying transforms a simultaneous into a robust sequential moves game. We provide conditions for profitable espionage. The spied at firm may attempt to immunize against spying by delaying its pricing...

Persistent link: https://www.econbiz.de/10012892109

Merger Policy and Tax Competition

Haufler, Andreas; Schulte, Christian - 2021

In many situations governments have sector-specific tax and regulation policies at their disposal to influence the market outcome after a national or an international merger has taken place. In this paper we study the implications for merger policy when countries non-cooperatively deploy...

Persistent link: https://www.econbiz.de/10013316665

Mobile Tax Base as a Global Common

Konrad, Kai A. - 2021

If countries anticipate Bertrand competition in tax rates, they may expend effort that makes some of their tax payers less mobile or increases the mobility of tax payers elsewhere. I provide piecemeal evidence on what activities countries use. I analyse how such activities interact with Bertrand...

Persistent link: https://www.econbiz.de/10013316737

Merger without cost advantages

Huck, Steffen; Konrad, Kai A.; Mueller, Wieland - 2005

The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many strategic aspects matter for firm competition such as...

Persistent link: https://www.econbiz.de/10010261187

The penalty-duel and institutional design: is there a Neeskens-effect?

Leininger, Wolfgang; Ockenfels, Axel - 2008

No abstract available

Persistent link: https://www.econbiz.de/10010264282

A strategic R&D investment with flexible development time in real option game analysis

Villani, Giovanni - 2009

The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV …

Persistent link: https://www.econbiz.de/10010266007

Monopolistic Competition, Optimum Product Diversity, and International Trade - the Role of Factor Endowment and Factor Intensities

Marjit, Sugata; Mandal, Biswajit - 2021

In this paper we revisit the influential theory of monopolistic competition and optimum product variety as developed by …

Persistent link: https://www.econbiz.de/10013215667

Does Energy Diversification Cause an Economic Slowdown? Evidence from a Newly Constructed Energy Diversification Index

Gozgor, Giray; Paramati, Sudharshan Reddy - 2021

system. Given this backdrop, this study introduces a new measure of energy diversification. It explores its impact on … economic growth with increasing long-run energy diversification. However, some countries (OECD and G20) experience negative … economic growth due to energy diversification in the short term. The results also disclosed that energy diversification does …

Persistent link: https://www.econbiz.de/10013215675

Asset Diversification Versus Climate Action

Hambel, Christoph - 2020

. In the longer run, however, a trade-off between diversification and climate action emerges. We derive the optimal carbon …

Persistent link: https://www.econbiz.de/10012825992

Price-dependent profit sharing as an escape from the Bertrand paradox

Foros, Øystein; Hagen, Kåre P.; Kind, Hans Jarle - 2007

In this paper we show how an upstream firm can prevent destructive competition among downstream firms producing relatively close substitutes by implementing a price-dependent profit-sharing rule. The rule also ensures that the downstream firms undertake investments which benefit the industry in...

Persistent link: https://www.econbiz.de/10010264075