Primarily following Bridges-Mehta (1995) and Herden-Pallack (2002), this paper is a discussion of the equivalent re-formalizations of the utility representation problem. Our contribution to this widely discussed theory of economic literature is that we consider the representation theorem as a...

A szőlő-bor vertikum termelési oldalán jelentős koncentrációs folyamatok kez¬dődtek. A koncentráció egyik motorja a befektetők, akik az 1980-as évektől jelentek meg nagy számban az ágazatban. Stratégiájukat alapvetően az alapanyaghoz való hozzáférés, a terjeszkedési...

In this paper we extend Kreps and Scheinkam's (1983) results to mixed-duopolies with linear demands and constant unit costs. We show that quantity precommitment and Bertrand competition yield to Cournot outcomes not only in the case of private firms but also when a public firm is involved.

The theory of geographical markets is based on the notion that economic activity is not evenly spread and regional inequalities have an impact on the decisions of economic agents. Retail gasoline markets are almost perfect examples of geographical markets. The gasoline sold by the stations is a...

The theory of geographical markets is based on the notion that economic activity is not evenly spread and regional inequalities have an impact on the decisions of economic agents. Retail gasoline markets are almost perfect examples of geographical markets. The gasoline sold by the stations is a...