Similar Search Results

On the feedback solutions of differential oligopoly games with hyperbolic demand curve and capacity accumulation

Lambertini, Luca; Palestini, Arsen - In: European Journal of Operational Research 236 (2014) 1, pp. 272-281

oligopoly theory relies on the restrictive assumption of linear demand functions. Here we lay out the analytical solution of a … differential Cournot game with hyperbolic inverse demand, where firms accumulate capacity over time à la Ramsey. The subgame … circumstances. Static profitability of a merger implies dynamic profitability of the same merger. It appears that such a demand …

Persistent link: https://www.econbiz.de/10011052551

Oligopolistic tragedies : national governments and the exploitation of international common property

Welzel, Peter - 1992

Persistent link: https://www.econbiz.de/10004148957

Informationsbeschaffung auf homogenen Oligopolmärkten : eine spieltheoretische Analyse

Ockenfels, Peter - 1989

Persistent link: https://www.econbiz.de/10004063244

Insecure property rights and growth: the role of appropriation costs, wealth effects, and heterogeneity

Long, Ngo; Sorger, Gerhard - In: Economic Theory 28 (2006) 3, pp. 513-529

We extend the model from Tornell and Velasco [13] and Tornell and Lane [12] by adding three features: (i) extracting the common property asset involves a private appropriation cost, (ii) agents derive utility from wealth as well as from consumption, and (iii) agents can be heterogeneous. We show...

Persistent link: https://www.econbiz.de/10005370981

Interest in Private Assets and the Voracity Effect

Tenryu, Yohei - Institute of Economic Research, Kyoto University - 2013

Using a differential game, we analyze a multiple agent economy in which there are common and private capital stocks. Each interest group can access the common capital and its own private capital stocks but not anyone else's private capital stocks. Considering the situation in which each interest...

Persistent link: https://www.econbiz.de/10010860084

STABLE COOPERATION UNDER ENVIRONMENTAL CONSTRAINTS

KOZLOVSKAYA, NADEZHDA; ZENKEVICH, NIKOLAY - In: International Game Theory Review (IGTR) 12 (2010) 04, pp. 453-470

A game-theoretic model of territorial environmental production under Cournot competition is studied. The process is modeled as cooperative differential game. The stable distribution mechanism of the common cooperative benefit among players is proposed. We proved that the cooperative total stock...

Persistent link: https://www.econbiz.de/10009018944

Horizontal mergers with synergies: Cash vs. profit-share auctions

Ding, Wei; Fan, Cuihong; Wolfstetter, Elmar G. - In: International Journal of Industrial Organization 31 (2013) 5, pp. 382-391

We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect … profit-share auctions, first- and second-price, supplemented by entry fees. Since non-merged firms benefit from a merger if …

Persistent link: https://www.econbiz.de/10010730067

Antitrust

Kaplow, Louis; Shapiro, Carl - In: Handbook of Law and Economics

This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...

Persistent link: https://www.econbiz.de/10005227964

Antitrust

Kaplow, Louis; Shapiro, Carl - Institute of Business and Economic Research (IBER), … - 2007

Persistent link: https://www.econbiz.de/10010538399

Horizontal mergers with synergies: first-price vs. profit-share auction

Ding, Wei; Fan, Cuihong; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2010

We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect …, supplemented by entry fees. Since non-merged firms benefit from a merger if the synergies are low, bidders are subject to a … oligopoly game. …

Persistent link: https://www.econbiz.de/10008685480