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parameter that determines firms' market strategies. We study collusion in a quality-differentiated duopoly and we adopt a Nash …
Persistent link: https://www.econbiz.de/10012655386
We develop a model of assignment games with pairwise-identitydependent externalities. A concept of conjectural equilibrium is proposed, and the universal conjecture is shown to be the necessary and sufficient condition for the general existence of equilibrium. We then apply the solution concept...
Persistent link: https://www.econbiz.de/10010191642
an important parameter that determines firms' market strategies. We study collusion in a quality differentiated duopoly …
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We investigate the differentiated duopoly and triopoly markets in which firms can choose to strategically delegate when … under duopoly, one firm chooses delegate, while the other firm chooses not to delegate as multiple equilibria. However, in … equilibrium, our results imply that the underconfident (overconfident) manager in the duopoly (triopoly) is more likely to take …
Persistent link: https://www.econbiz.de/10013241508
We examine the strategic use of Corporate Social Responsibility (CSR) in imperfectly competitive markets. The level of CSR determines the weight a firm puts on consumer surplus in its objective function before it decides upon supply. First, we consider symmetric Cournot competition and show that...
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