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Previous theoretical researches show that learning from good performers yields intense competition and results in the … useful strategic tool to mitigate competition. We introduce an evolutionary (learning) game into a duopoly model with product … even when firms have an opportunity to differentiate themselves through product differentiation and to mitigate competition. …
Persistent link: https://www.econbiz.de/10010332498
analysis to investment decisions of strategic firms that anticipate competition on many consecutive spot markets with … fluctuating (and possibly uncertain) demand. We study how the degree of spot market competition affects investment incentives and …
Persistent link: https://www.econbiz.de/10010427559
little, fierce competition between providers of similar services is expected. We consider a model where two e …
Persistent link: https://www.econbiz.de/10010280782
strategies (most likely with digital products) and quantity competition (capacity decisions for physical products). Based on … Produktdifferenzierung eigentlich erhöhen. Wir analysieren die Interaktion der Investitionsentscheidungen in transportkostensenkende … elektronische Koordination und in verstärkte Produktdifferenzierung in einem Duopol mit räumlich getrennten Märkten. Wir zeigen …
Persistent link: https://www.econbiz.de/10010300398
-two firm case the CV-parameter is shown to cover the full range of possible outcomes - from Bertrand competition to joint …
Persistent link: https://www.econbiz.de/10011435055
oligopolistischen Wettbewerb zu betreiben. Im Bayesianischen Gleichgewicht resultieren eindeutige Gleichgewichtsstrategien. Diese sind … strategy for each firm. It is determined by the nature of competition (price or quantity) and by the basic characteristics of …
Persistent link: https://www.econbiz.de/10010305090
In his book on 'Market Microstructure' Spulber presented some strange results with respect to the impact of the substitutability parameter in an intermediation model with differentiated products and inputs. Intuitively, effects in the product and the input market should be similar: if firms...
Persistent link: https://www.econbiz.de/10010304487
In this paper we show that a homogeneous-product market with multiple Bertrand equilibria becomes a market with a single Bertrand equilibrium when we introduce a small degree of product differentiation. When differentiation tends to zero, that Bertrand equilibrium converges to the unique...
Persistent link: https://www.econbiz.de/10010323325
This paper examines international trade in tainted food and other low-quality products. Wefirst find that for a large class of environments, free trade is the trading system that conveysthe highest incentives to produce non-tainted high-quality goods by foreign exporters.However, free trade...
Persistent link: https://www.econbiz.de/10010325688
This article analyses the capacity-then-price game for a duopoly market. We add to the literature by explicitly taking product differentiation into account. We study the impact of capacity costs, demand uncertainty, and vertical and horizontal product differentiation on equilibrium capacities,...
Persistent link: https://www.econbiz.de/10010326472