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Evolutionarily Stable Quality and Price in Oligopoly : A Comparison with Nash

Markazi Moghadam, Hamed - 2014

The article proposes an evolutionary game theoretical analysis of quality and price competition in oligopoly. Using the … second, quality is produced by variable costs. Therefore, in the context of a symmetric oligopoly game where each firm has …

Persistent link: https://www.econbiz.de/10013047757

Price and inventory dynamics in an oligopoly industry : a framework for commodity markets

Steinmetz, Alexander - 2010

This paper analyzes the interaction between price and inventory decisions in an oligopoly industry and its implications … endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and … markets and especially observed autocorrelation in price fluctuations. -- inventory dynamics ; price competition ; oligopoly …

Persistent link: https://www.econbiz.de/10003965038

Price and inventory dynamics in an oligopoly industry : a framework for commodity markets

Steinmetz, Alexander (contributor) - 2010

This paper analyzes the interaction between price and inventory decisions in an oligopoly industry and its implications … endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and … markets and especially observed autocorrelation in price fluctuations. -- Inventory dynamics ; price competition ; oligopoly …

Persistent link: https://www.econbiz.de/10003961661

Price and nonprice rivalry in oligopoly : the integrated battleground

Kuenne, Robert E. - 1998 - 1. publ.

Persistent link: https://www.econbiz.de/10013487301

Abbink, Klaus (contributor); Brandts, Jordi (contributor) - 2003 - [Elektronische Ressource], rev

experiments ; industrial organisation ; oligopoly ; price competition ; co-ordination games, learning …

Persistent link: https://www.econbiz.de/10001835606

Oligopolistic Price Competition with a Continuous Demand

Blavatskyy, Pavlo R. - 2015

Two related models of oligopolistic price competition with homogeneous products are presented. These models are based on weaker assumptions about consumer behavior compared to a classical Bertrand model. In both models firms do not necessarily face a discontinuous demand at an equilibrium price...

Persistent link: https://www.econbiz.de/10014135801

Price competition and market concentration : an experimental study

Dufwenberg, Martin; Genîzî, Ûrî - 1998

Persistent link: https://www.econbiz.de/10000984680

Price competition and market concentration : an experimental study

Dufwenberg, Martin; Genîzî, Ûrî - 1998

The classical price competition model (named after Bertrand), prescribes that in equilibrium prices are equal to marginal costs. Moreover, prices do not depend on the number of competitors. Since this outcome is not in line with real-life observations, it is known as the Bertrand Paradox. Many...

Persistent link: https://www.econbiz.de/10011587852

Number of firms, rationing, matching, and knowledge : a comprehensive study of variations in experimental Kreps-Scheinkman markets

Jacobs, Martin - 2016

This study provides a comprehensive picture of experimental Kreps-Scheinkman markets with capacity choice in the first stage and subsequent price competition at the second. We conduct seven different treatments of such markets, varying the number of firms, the demand rationing scheme, the...

Persistent link: https://www.econbiz.de/10011411149

On preemption in discrete and continuous time

Steg, Jan-Henrik - 2016

The seminal work of Fudenberg and Tirole (1985) on how preemption erodes the value of an option to wait raises general questions about the relation between models in discrete and continuous time and thus about the interpretation of its central result, relying on an "infinitely fine grid". Here...

Persistent link: https://www.econbiz.de/10011449161