We investigate the incentives for capacity investments in a simple strategic dynamic model with random demand growth. We construct non-collusive Markovian equilibria where the firms' decisions depend on the current capacity stock only. The firms maintain small reserve margins and high market...

We develop a numerical model that simulates the evolution of a virtual population with an incentive and ability-based wage, capital yield from savings, social welfare system, and total income subject to taxation and political turnovers. Meta-heuristics, particle swarm optimization (PSO) in...

This paper develops analytical results and insights for the mixed bundling problem of pricing a product line consisting of two component goods and a bundle of the two goods. Consumer valuations for the two goods follow a symmetric bivariate uniform distribution, a setting which has previously...