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This paper analyses the dynamics of a Cournot duopoly under cross-ownership participation when players have … percentage of firm , the parametric stability region of the unique Cournot-Nash equilibrium is larger than when every firm is …
Persistent link: https://www.econbiz.de/10009367980
We analyse the dynamics of a Cournot duopoly game with heterogeneous players to investigate the effects of micro … firms, is that a fiercer (weaker) competition tends to stabilise (destabilise) the unique positive Cournot-Nash equilibrium …
Persistent link: https://www.econbiz.de/10009294922
We analyse the stability issue in a Cournot duopoly with asymmetric unionism and heterogeneous players. We show that … labour market institutions matter or the stability of the unique interior Cournot-Nash equilibrium. Interestingly, the role …
Persistent link: https://www.econbiz.de/10009321776
We analyse the dynamics of a Cournot duopoly game with heterogeneous players to investigate the effects of micro … firms, is that a fiercer (weaker) competition tends to stabilise (destabilise) the unique positive Cournot-Nash equilibrium …
Persistent link: https://www.econbiz.de/10009321777
We analyse the stability issue in a Cournot duopoly with heterogeneous players. We show that labour market institutions … matter for the stability of the unique interior Cournot-Nash equilibrium. Interestingly, the role played by the existence of …
Persistent link: https://www.econbiz.de/10009323469
The present study analyses the dynamics of a Cournot duopoly with managerial sales delegation and bounded rational … players. We find that when firms’ owners hire a manager and delegate the output decisions to him, the unique Cournot …
Persistent link: https://www.econbiz.de/10009323940
We study the stability issue in a Cournot duopoly with codetermined firms. We show that when both firms codetermine …
Persistent link: https://www.econbiz.de/10009325620
We revisit the classic profit-ranking of Cournot and Bertrand equilibria and the issue of endogenous choice of a price … firm earns higher (lower) profit under Bertrand competition than under Cournot competition. Therefore, unless network …, Cournot equilibrium always constitutes the subgame perfect Nash equilibrium (SPNE). However, a prisoners's dilemma type of …
Persistent link: https://www.econbiz.de/10010687434
-uniform market shares are explained by the costs in Cournot competition which can be deduced from the observed market shares by … assuming that the costs are kept the same when switching from Cournot competition to any form of cartel. We deduced that market … conclusion, Cournot competition is the only arrangement that guarantees no losses to all operators. …
Persistent link: https://www.econbiz.de/10010693654
This paper studies the production strategies of firms in a duopoly market of homogenous products characterized by quantity competition. Demand is partially unknown and firms are free to produce once, whenever they want before the existence of demand. We show that the nature of the equilibrium in...
Persistent link: https://www.econbiz.de/10010662693