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Solving payoff sets of perfect public equilibria: an example

Du, Chuang - Volkswirtschaftliche Fakultät, … - 2012

We study an example of infinitely repeated games in which symmetric duopolistic firms produce experience goods. After consuming the products, short-run consumers only observe imperfect public information about product quality. We characterize perfect public equilibrium payoff set E(δ) of firms...

Persistent link: https://www.econbiz.de/10011260559

Investment Timing and Vertical Relationships

Billette de Villemeur, Etienne; Ruble, Richard; … - Volkswirtschaftliche Fakultät, … - 2013

We show that the standard analysis of vertical relationships transposes directly to investment dynamics. Thus, when a … input to serve a growing but uncertain demand, and if the supplier has market power, investment occurs too late from an … investment option, greater volatility can result in a lower value for both firms. We examine several contractual alternatives to …

Persistent link: https://www.econbiz.de/10011108898

Entreprises behavior in cooperative and punishment‘s repeated negotiations

Roman, Mihai Daniel - Volkswirtschaftliche Fakultät, … - 2008

Our paper considers a “negotiation game” between two players which combines the features of two-players alternating offers bargaining and repeated games. Generally, the negotiation game in general admits a large number of equilibriums but some of which involve delay and inefficiency. Thus,...

Persistent link: https://www.econbiz.de/10011258583

Dynamics and equilibria under incremental horizontal differentiation on the Salop circle

Vermeulen, Ben; La Poutré, Han; de Kok, Ton - Volkswirtschaftliche Fakultät, … - 2012

We study product differentiation on a Salop circle when firms relocate incrementally due to bounded rationality. We prove that, under common assumptions on demand, firms relocate only when two or more firms target the same niche. In any other case, there is no incentive for any firm to relocate...

Persistent link: https://www.econbiz.de/10011259983

Estimating Dynamic Merger Effciencies with an Application to the 1997 Boeing-McDonnell Douglas Merger

Zhao, Wei - Volkswirtschaftliche Fakultät, … - 2013

I evaluate the welfare effects of the 1997 merger between Boeing and McDonnell Douglas in the medium-sized, wide-bodied aircraft industry. I develop an empirical model of multi-product firms, allowing for both learning-by-doing and product innovation in a dynamic game to quantify merger...

Persistent link: https://www.econbiz.de/10011210852

A Dynamic Oligopoly Game of the US Airline Industry: Estimation and Policy Experiments

Aguirregabiria, Victor; Ho, Chun-Yu - Volkswirtschaftliche Fakultät, … - 2009

This paper studies the contribution of demand, costs, and strategic factors to the adoption of hub-and-spoke networks in the US airline industry. Our results are based on the estimation of a dynamic oligopoly game of network competition that incorporates three groups of factors that may explain...

Persistent link: https://www.econbiz.de/10005037744

Software for the Computation of Markov-Perfect Equilibria in a Dynamic Game of Store Location by Multi-Store Firms

Aguirregabiria, Victor; Vicentini, Gustavo - Volkswirtschaftliche Fakultät, … - 2007

This document is a supplement of the paper "Dynamic Spatial Competition Between Multi-Store Firms" by Aguirregabiria and Vicentini (2007). It describes in detail the library of programs and procedures, in GAUSS language, that is used in that paper. The program computes an equilibrium of a...

Persistent link: https://www.econbiz.de/10005109562

A Case for Affirmative Action in Competition Policy

Villeneuve, Bertrand; Zhang, Vanessa Yanhua - Volkswirtschaftliche Fakultät, … - 2008

theory in which firms may differ in several respects. Though equalization of endowments and rights is theoretically optimal …

Persistent link: https://www.econbiz.de/10005789776

On natural selection in oligopolistic markets

Corchon, Luis - Volkswirtschaftliche Fakultät, … - 1990

In this paper I analyze the kind of behavior which can be considered evolutively stable in an oligopolistic market

Persistent link: https://www.econbiz.de/10008472220

An elimination contest with non-sunk bids

Chiappinelli, Olga - Volkswirtschaftliche Fakultät, … - 2014

In this paper we study a multi-stage elimination contest with non-sunk bids: differently from existing literature, we realize that when players are budget-constrained, they do not regard past bids as strategically irrelevant in their decision of how much to bid in following stages. This happens...

Persistent link: https://www.econbiz.de/10011107336