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existence of equilibrium. We then apply the solution concept to a matching-based Cournot model in which the unit production cost … technology and human capital are complementary, the positive assortative matching (PAM) is a stable matching under rational … marginal effects of technology and human capital, the PAM is still a rational stable matching. However, if the substitutive …
Persistent link: https://www.econbiz.de/10010191642
The aim of this paper is to extend Hamilton and Slutsky's (1990) endogenous timing game by including the possibility for players to cooperate. At an initial stage players are assumed to announce both their purpose to play early or late a given duopoly game as well as their intention to cooperate...
Persistent link: https://www.econbiz.de/10014179354
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-to-business matching market with indirect network externalities. The intermediaries differ with regard to their ownership structure: an …
Persistent link: https://www.econbiz.de/10010296784
Collaboration among sizeable competitors is usually considered to be harmful to social welfare while competition among such competitors is perceived the better, or even best, mode of operation. We examine industries where the goods produced are homogeneous and producers employ advertising in...
Persistent link: https://www.econbiz.de/10014198962
Effectively fighting cartels requires that cartels be discovered. Economic theory gives some behavioural patterns that are indicative of collusion and allow the distinction between collusion from competition. This paper focuses on the volatility of market shares as indicator for collusive...
Persistent link: https://www.econbiz.de/10013139174
remain intact, we introduce the notion of compatibility of these games. A set of games is compatible if the core of the joint …
Persistent link: https://www.econbiz.de/10013066014
Over the last two decades, differential game (DG) models have been used extensively to study such issues in dynamic environments as competitive advertising and pricing for new products in the marketing literature, capacity investments in the energy industry, government's subsidy policy in new...
Persistent link: https://www.econbiz.de/10012766655
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