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In a bilateral oligopoly where strategic buyers source a good from competing suppliers over time, buyers often have an incentive to sustain competition while suppliers benefit from excluding rival suppliers. We model this situation as a two period asymmetric cost Bertrand duopoly, where in the...
Persistent link: https://www.econbiz.de/10009476203
This half-semester course discusses decision theory and topics in game theory. We present models of individual decision-making under certainty and uncertainty. Topics include preference orderings, expected utility, risk, stochastic dominance, supermodularity, monotone comparative statics,...
Persistent link: https://www.econbiz.de/10009432546
Many previous analyses of multifunctionality in agriculture claim there is positive jointness between the production commodities and nonmarket goods and services. Those analyses have not treated acreage as an endogenous variable. This leads to several errors in terms of the analysis of policy...
Persistent link: https://www.econbiz.de/10009444827
This paper presents a personal view of the interaction between the analysis of choice under uncertainty and the analysis of production under uncertainty. Interest in the foundations of the theory of choice under uncertainty was stimulated by applications of expected utility theory such as the...
Persistent link: https://www.econbiz.de/10009447884
The present paper tests the empirical link between a firm's financial structure and its entry decision in the US … airport-pair, on the other hand, low cost carriers only decrease the probability of new entry at a marginally significance … level. The finding that air carriers generally respond to financial distress by decreasing the probability of entry is …
Persistent link: https://www.econbiz.de/10009431156
of financial development on the entry of new firms and the expansion of successful new businesses. Drawing from … entry of small firms and in sectors that are more dependent upon external finance. This finding is robust to controlling for … other potential entry barriers (labour market regulations and entry regulations). On the other hand, financial development …
Persistent link: https://www.econbiz.de/10009432027
We test the effect of entry on the tariff choices of incumbent cellularfirms. We relate the change in the breadth of … personal communicationsservices (PCS) firms. Entry by PCS competitors differed acrossgeographic markets due to the number of … from the oldanalog technology to the new digital technology in markets with moreentry, suggesting that entry also has …
Persistent link: https://www.econbiz.de/10009435072
, rarely have economistsbeen able to examine how competition changes with the threat of entry.This paper uses the evolution of … adjusts its entry strategy when facing the threat ofadditional entrants. We identify the potential nth entrant into a … such a market ismore likely to accommodate more than n firms in the long run. Takingaccount of endogeneity of entry into …
Persistent link: https://www.econbiz.de/10009435111
congestion effect. However, when the number of sellers ispresented in isolation, its negative impact on entry is …
Persistent link: https://www.econbiz.de/10009435138
Competition among multi-store chains is common in retail industries.This paper proposes a method for eliminating a model of strategicstore-network choices by two chains. In contrast to previous studies, Iallow chains to not only choose which markets to enter but also how manystores to open in...
Persistent link: https://www.econbiz.de/10009435140