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effect determines the technology-sharing incentives. In equilibrium at most one firm shares some of its technologies. For … similar technology distributions, there exists an equilibrium in which nobody shares. If the technology distributions are … best technologies, or only intermediate technologies. No other equilibria can exist. -- Cournot duopoly ; strategic …
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of a firm depends on both the technology of the firm and the human capital of the manager hired, and show that if … technology and human capital are complementary, the positive assortative matching (PAM) is a stable matching under rational … expectations, or even if firm technology and human capital are substitutable yet the substitutive effect is dominated by the …
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This paper reconciles the Cournot and Bertrand Models of oligopolistic competition, highlighting its weaknesses and giving an opinion thereafter. The pertinent question in this paper is why Cournot (1838) ignored the price and Bertrand (1883) ignored the quantity? From the review, the main...
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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...
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