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A game-theoretic model of strategic interaction using advertising : simulating the evolution of the Cournot Nash equilibrium under different competitive scenarios

Brady, Malcolm - In: Games 12 (2021) 4, pp. 1-16

This paper examines the behaviour of two firms competing in a duopoly, where firms can influence demand through use of …. The results show that there exist threshold levels of advertising effectiveness at which duopoly behaviour bifurcates …

Persistent link: https://www.econbiz.de/10012698096

Stackelberg social equilibrium in water markets

Houba, Harold; Tomori, Françeska - In: Games 14 (2023) 4, pp. 1-9

Market power in water markets can be modeled as simultaneous quantity competition on a river structure and analyzed by … applying social equilibrium. In an example of a duopoly water market, we argue that the lack of backward induction logic … social equilibrium in duopoly water markets with an upstream-downstream river structure and derive it in the example of a …

Persistent link: https://www.econbiz.de/10014426327

Simulation of the Stackelberg-Hotelling game

Garcia-Perez, Luis; Grau-Climent, Juan; Losada, Juan C.; … - In: Games 15 (2024) 5, pp. 1-25

This work studies the Hotelling game with sequential choice of prices, that is, the Stackelberg-Hotelling (SHOT) game. The game is studied through numerical simulation, which provides the subgame perfect equilibrium solution not only in the unrestricted game but also in the game with reservation...

Persistent link: https://www.econbiz.de/10015271373

Construction of equilibria in strategic Stackelberg games in multi-period supply chain contracts

Gholami, Reza Azad; Sandal, Leif K.; Ubøe, Jan - In: Games 13 (2022) 6, pp. 1-26

Almost every supplier faces uncertain and time-varying demand. E-commerce and online shopping have given suppliers unprecedented access to data on customers' behavior, which sheds light on demand uncertainty. The main purpose of this research project is to provide an analytic tool for...

Persistent link: https://www.econbiz.de/10014418087

Can we predict the winner in a market with network effects? : competition in cryptocurrency market

Gandal, Neil; Hałaburda, Hanna - In: Games 7 (2016) 3, pp. 1-21

We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining early …

Persistent link: https://www.econbiz.de/10011515629

Vulnerability and defence : a case for Stackelberg game dynamics

Iqbal, Azhar; Honhaga, Ishan; Teffera, Eyoel; Perry, Anthony - In: Games 15 (2024) 5, pp. 1-13

, illustrating the complex strategic dynamics similar to Stackelberg competition, where moves and countermoves are carefully analyzed …

Persistent link: https://www.econbiz.de/10015271381

Computing Stackelberg equilibrium for cancer treatment

Ganzfried, Sam - In: Games 15 (2024) 6, pp. 1-7

Recent work by Kleshnina et al. has presented a Stackelberg evolutionary game model in which the Stackelberg equilibrium strategy for the leading player corresponds to the optimal cancer treatment. We present an approach that is able to quickly and accurately solve the model presented in that work.

Persistent link: https://www.econbiz.de/10015271415

Bayesian fictitious play in oligopoly : the case of risk-averse agents

Yazar, Julide - In: Games 15 (2024) 6, pp. 1-15

A number of learning models have been suggested to analyze the repeated interaction of boundedly rational agents competing in oligopolistic markets. The agents form a model of the environment that they are competing in, which includes the market demand and price formation process, as well as...

Persistent link: https://www.econbiz.de/10015271474

Differential games of Cournot oligopoly with consideration of pollution, network structure, and continuous updating

Ougolnitsky, Guennady; Korolev, Alexey - In: Games 16 (2025) 1, pp. 1-22

We have built and investigated analytically and numerically a differential game model of Cournot oligopoly with consideration of pollution, network structure, and continuous updating. Up to this time, games with network structure and continuous updating were considered separately. We analyzed...

Persistent link: https://www.econbiz.de/10015271676

Cournot's oligopoly equilibrium under different expectations and differentiated production

Grisáková, Nora; Štetka, Peter - In: Games 13 (2022) 6, pp. 1-17

competition known as the Cournot oligopoly model. Firms and their production are differentiated, which brings the theoretical … model closer to real market conditions. The main objective was to expand the Cournot duopoly and add another firm, resulting …

Persistent link: https://www.econbiz.de/10014418202