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We study a supply chain in which a consumer goods manufacturer sells its product through a retailer. The retailer undertakes promotional expenditures, uch as advertising, to increase sales and to compete against other retailer(s). The manufacturer supports the retailer’s promotional...
Persistent link: https://www.econbiz.de/10014045898
In this paper I set forth an antitrust remedy for the oligopolistic pricing problem. Oligopoly pricing resembles a … therefore propose the implementation of a price freeze scheme in oligopoly markets by which an oligopolist that significantly … lowers its price would freeze its rivals' prices at their previously higher oligopoly level for a defined period of time. A …
Persistent link: https://www.econbiz.de/10014049971
in which it is more realistic to assume a fluctuating discount factor. In a repeated oligopoly, as the interest rate … for the study of cooperation in repeated games but also for empirical studies of collusive pricing and the role that … collusive pricing may play in economic cycles …
Persistent link: https://www.econbiz.de/10014122852
This paper proposes a spatial model of imperfect competition in markets with selection to investigate whether imperfect competition exacerbates or offsets inefficiencies caused by selection. We find that no degree of imperfect competition achieves the first-best efficient allocation. This holds...
Persistent link: https://www.econbiz.de/10013218223
reconciled with principles of oligopoly theory. This article (1) presents a fundamental reconceptualization of our understanding …
Persistent link: https://www.econbiz.de/10011810824
facilitates collusion and discourages deviation. -- Laboratory experiments ; industrial organisation ; oligopoly ; price …
Persistent link: https://www.econbiz.de/10002626552
Pricing algorithms are increasingly replacing human decision making in real marketplaces. To inform the competition … policy debate on possible consequences, we run experiments with pricing algorithms powered by Artificial Intelligence in … the context of a workhorse oligopoly model of price competition with Logit demand and constant marginal costs. We show …
Persistent link: https://www.econbiz.de/10012896437
In an extended version of d'Aspremont and Jacquemin's (1988) R&D competition model we find a region where the game is a prisoner's dilemma: firms still invest in R&D but they would obtain a higher profit by not investing at all. In a repeated version of the game, we prove that firms implicitly...
Persistent link: https://www.econbiz.de/10014212777
static games, including the prisoner's dilemma game, the hawk-dove game, voting games, public goods games and oligopoly games …
Persistent link: https://www.econbiz.de/10011384070
-researched field in the experimental oligopoly literature. We provide results from an experiment that varies the number of firms as … Nash equilibrium theory. Individual pricing decisions can predominantly be explained by either myopic best responses …
Persistent link: https://www.econbiz.de/10011411148