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Evolutionary stability in asymmetric oligopoly : a non-Walrasian result

Leininger, Wolfgang; Moghadam, Hamed M. - 2014

It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the … order to transform the game with asymmetric firms into a symmetric oligopoly game and then extend Schaffer’s definition …

Persistent link: https://www.econbiz.de/10010399434

Reconciling Cournot and Bertrand outcomes : a review

Kirui, Kipyegon Benard - 2013 - April 2013, first draft

) ignored the quantity? From the review, the main conclusion of this paper is that oligopoly competition is guided in the long …

Persistent link: https://www.econbiz.de/10010380785

Endougenous Timing in a Mixed Duopoly

Amir, Rabah; De Feo, Giuseppe - 2012

This paper applies the framework of endogenous timing in games to mixed quantity duopoly, wherein a private domestic or …-perfect equilibrium of the extended game, in sharp contrast to private duopoly games. We provide sufficient conditions for the emergence …

Persistent link: https://www.econbiz.de/10010343823

On the (non) existence of a price equilibrium in delegation games with relative performance compensation

Kopel, Michael; Lambertini, Luca - 2012

We show that Miller and Pazgal.s (2001) model of strategic delegation, in which managerial incentives are based upon relative performance, is affected by a non-existence problem which has impact on the price equilibrium. The undercutting incentives generating this result are indeed similar to...

Persistent link: https://www.econbiz.de/10011734216

Can They Beat the Cournot Equilibrium? Learning with Memory and Convergence to Equilibria in a Cournot Oligopoly

Vallée, Thomas; Yıldızoğlu, Murat - 2014

This article analyses the ability of the learning firms in a Cournot oligopoly to discover market solutions more … the results of the literature on evolutionary learning in oligopoly can analytically be characterized through the …

Persistent link: https://www.econbiz.de/10014142763

Strategic disclosure of demand information by duopolists : theory and experiment

Jansen, Jos; Pollak, Andreas - 2015

We study the strategic disclosure of demand information and product-market strategies of duopolists. In a setting where both firms receive information with some probability, we show that firms selectively disclose information in equilibrium in order to influence their competitorś product-market...

Persistent link: https://www.econbiz.de/10011301237

Regulating environmental externalities through public firms : a differential game

Dragone, Davide; Lambertini, Luca; Palestini, Arsen - 2011

We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where …

Persistent link: https://www.econbiz.de/10011737230

Equilibria in symmetric games : theory and applications

Hefti, Andreas - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 3, pp. 979-1002

This article presents a new approach to analyze the equilibrium set of symmetric, differentiable games by separating multiple symmetric equilibria and asymmetric equilibria. This separation allows the investigation of, for example, how various parameter constellations affect the scope for...

Persistent link: https://www.econbiz.de/10011744039

A Note on the Nash Equilibrium in Winner-take-all Bertrand Game

Li, Xinmi; Zheng, Jie - 2022

In this paper, we fully characterize the Nash Equilibrium in the winner-take-all Bertrand Game, showing that a mixed strategy profile is a Nash Equilibrium, if and only if it is a zero operating profit one, and there exist at least two players whose bids are all unprofitable. Compared with...

Persistent link: https://www.econbiz.de/10014080623

Finding all pure-strategy equilibria in games with continuous strategies

Judd, Kenneth L.; Renner, Philipp; Schmedders, Karl - In: Quantitative economics : QE ; journal of the … 3 (2012) 2, pp. 289-331

Static and dynamic games are important tools for the analysis of strategic interactions among economic agents and have found many applications in economics. In many games, equilibria can be described as solutions of polynomial equations. In this paper, we describe state-of-the-art techniques for...

Persistent link: https://www.econbiz.de/10011756833