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Persistent link: https://www.econbiz.de/10005370980
This paper explores experimentation and learning in asymmetric duopoly markets with product differentiation and demand uncertainty. We define the concepts of strategic substitutability and strategic complementarity in information and we show how both the mode of information competition and the...
Persistent link: https://www.econbiz.de/10005371347
We analyze the effect of industrial espionage on entry deterrence. We consider a monopoly incumbent who may expand capacity to deter entry, and a potential entrant who owns an Intelligence System. The Intelligence System (IS) generates a noisy signal based on the incumbentʼs actions. The...
Persistent link: https://www.econbiz.de/10011049669
This paper constructs the equilibrium for a specific code that can be seen as a “universal grammar” in a class of common interest Sender–Receiver games where players communicate through a noisy channel. We propose a Senderʼs signaling strategy which does not depend on either the game...
Persistent link: https://www.econbiz.de/10011049783
Statistical information is crucial for managerial decision making. The decision-making literature in psychology and mathematical cognition documents how different statistical formats can facilitate certain types of decisions. The present analysis is the first of its kind to assess the impact of...
Persistent link: https://www.econbiz.de/10011050025
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We propose a non-cooperative game in order to emphasize the srategic rationale in shaping the distribution system. Compared with the received literature, we let manufacturers select which retailer(s) will market their respective brand. This, together with retailers possibly being multi-product...
Persistent link: https://www.econbiz.de/10004985195