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The purpose of this paper is to study the effects of entry into the market for a single commodity in which both sellers and buyers are permitted to interact strategically. With the inclusion of an additional seller, the market is quasi-competitive: the price falls and volume of trade increases,...
Persistent link: https://www.econbiz.de/10010369441
The purpose of this paper is to study the effects of entry into the market for a single commodity in which both sellers and buyers are permitted to interact strategically. With the inclusion of an additional seller, the market is quasi-competitive: the price falls and volume of trade increases,...
Persistent link: https://www.econbiz.de/10010670656
The purpose of this paper is to study the effects of entry into the market for a single commodity in which both sellers and buyers are permitted to interact strategically. With the inclusion of an additional seller, the market is quasi-competitive: the price falls and volume of trade increases,...
Persistent link: https://www.econbiz.de/10009785457
, supermodularity, monotone comparative statics, background risk, game theory, rationalizability, iterated strict dominance multi …
Persistent link: https://www.econbiz.de/10009432546
increasing differences and supermodularity for C1 or C2 functions. None of the results are based on the assumption that the order …
Persistent link: https://www.econbiz.de/10014589095
with situations like these. We show that the interaction of concavity and supermodularity in objective or constraint …
Persistent link: https://www.econbiz.de/10010820331
Generally we can distinguish between two types of comparative statics problems that have been approached with lattice programming methods. The first type of problem considers the change of the optimal solution to a maximization problem as the objective function changes, the other type the change...
Persistent link: https://www.econbiz.de/10010900178
extended to generalized expected utility models using the tools of supermodularity theory. In particular, a range of concepts … of decreasing absolute risk aversion may be formulated in terms of the supermodularity properties of certainty equivalent …
Persistent link: https://www.econbiz.de/10010910984
The literature on supermodular optimization and games is surveyed from the perspective of potential users in economics. This methodology provides a new approach for comparative statics based only on critical assumptions, and allows a general analysis of games with strategic complementarities....
Persistent link: https://www.econbiz.de/10005008520
with situations like these. We show that the interaction of concavity and supermodularity in objective or constraint …
Persistent link: https://www.econbiz.de/10005063726