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A matching and bargaining model in a market with one seller and two buyers, differing only in their reservation price, is analyzed. No subgame perfect equilibrium exists for stationary strategies. The authors demonstrate the existence of inefficient equilibria in which the low buyer receives the...
Persistent link: https://www.econbiz.de/10005749740
This is a preliminary version of a prospective book which springs from concerted effort among several researchers in the fiels of industrial economics. This chapter is devoted to the strategic role of information in oligopoly, and more broadlyn, in monotone games in general.
Persistent link: https://www.econbiz.de/10005750767
This paper investigates the endogenous choice between price- and quantity-setting behaviour in a duopoly game where firms invest in product development first, and then play a marketing game later. Only in the initial R&D stage, the two firms set up a joint venture in order to share the costs of...
Persistent link: https://www.econbiz.de/10005750797
This paper studies a horizontal fare-pricing competition between two airlines having a single flight leg. Two distinct … scenarios are considered. First, the two airlines price competition for the pre-committed booking limits is analysed. The … is shown. In the second scenario, a joint seat allocation and fare-pricing competition model for stochastic demand is …
Persistent link: https://www.econbiz.de/10005751543
With cheap talk, more can be achieved by long conversations than by a single message - even when one side is strictly better informed than the other.
Persistent link: https://www.econbiz.de/10005752795
n overview of the landmark contributions of Robert J. Aumann, winner of the 2005 Nobel Memorial Prize in Economic Sciences.
Persistent link: https://www.econbiz.de/10005752835
Persistent link: https://www.econbiz.de/10005753036
In an effort to stimulate more attractive football, the international football association FIFA, has recently introduced the "sudden death" or "golden goal" rule for games going into extra time play. This paper analyses under which conditions, if any, the introduction of the sudden death rule...
Persistent link: https://www.econbiz.de/10005753116
Persistent link: https://www.econbiz.de/10005753463
Pollution of transboundary rivers requires cooperation between the countries involved in order to alleviate the consequences. This paper applies game theoretic analyses to nitrate emissions in the Rhine river basin. It assumes that the 50% emission reduction policy agreed upon by the...
Persistent link: https://www.econbiz.de/10005753999