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Hefti, Andreas - 2011

Persistent link: https://www.econbiz.de/10009492046

Hefti, Andreas - 2011

I present a game-theoretic model where economic competition and attention competition are interdependent. On the one hand the effort to attract consumer attention depends on the value of attention to the firm which depends on the grade of price competition among all perceived firms. On the other...

Persistent link: https://www.econbiz.de/10009739425

Local contraction-stability and uniqueness

Hefti, Andreas - 2013

In this paper we analyze R&D collaboration networks in industries where firms are competitors in the product market. Firms' benefits from collaborations arise by sharing knowledge about a cost-reducing technology. By forming collaborations, however, firms also change their own competitive...

Persistent link: https://www.econbiz.de/10009747220

Submodularity and the Evolution of Walrasian Behavior

Schipper, Burkhard - 2004

Vega-Redondo (1997) showed that imitation leads to the Walrasian outcome in Cournot Oligopoly. We generalize his result …

Persistent link: https://www.econbiz.de/10014070520

Submodularity and the Evolution of Walrasian Behavior

Schipper, Burkhard - 2004

Vega-Redondo (1997) showed that imitation leads to the Walrasian outcome in Cournot Oligopoly. We generalize his result …

Persistent link: https://www.econbiz.de/10014093731

Imitation and belief learning in an oligopoly experiment

Offerman, Theo; Potters, Jan; Sonnemans, Joep - 1997

We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the … successful firm,following the exemplary firm, andbelief learning.Theoretically, these three rules of dynamic conduct lead to the … competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments …

Persistent link: https://www.econbiz.de/10010371113

Experimental games on networks: Underpinnings of behavior and equilibrium selection

Charness, Gary; Feri, Francesco; Meléndez-Jiménez, … - 2014

Persistent link: https://www.econbiz.de/10010354731

Reciprocity and emotions when reciprocators know each other

Reuben, Ernesto; van Winden, Frans - 2006

This is an experimental study of a three-player power-to-take game where a take authority is matched with two responders. The game consists of two stages. In the first stage, the take authority decides how much of the endowment of each responder that is left after the second stage will be...

Persistent link: https://www.econbiz.de/10010261421

Quantity Precommitment with Price Competition versus Quantity Precommitment with Market Clearing Prices in the Laboratory

Goodwin, David; Mestelman, Stuart - Department of Economics, McMaster University - 2009

The paper reports the results of 39 laboratory duopoly markets for which pricing institution and participant experience …

Persistent link: https://www.econbiz.de/10005245043

Loyalty rewards and monopoly pricing

Ackermann, Philipp - 2010

This article examines the impact of customer reward programs on the competitive outcome in duopolistic markets. We argue that loyalty discounts for repeat customers constitute a commitment device beneficial to suppliers rather than customers. Analyzing a two-period Bertrand model we show that...

Persistent link: https://www.econbiz.de/10010316045