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Markov Perfect Industry Dynamics with Many Firms
Weintraub, Gabriel; Benkard, Lanier; Roy, Benjamin Van - Society for Economic Dynamics - SED - 2006
We propose an approximation method for analyzing Ericson and Pakes (1995)-style dynamic models of imperfect competition. We develop a simple algorithm for computing an ``oblivious equilibrium,'' in which each firm is assumed to make decisions based only on its own state and knowledge of the long...
Persistent link: https://www.econbiz.de/10004977905
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Endogenous Rationing, Price Dispersion, and Collusion in Capacity Constrained Supergames.
Dechenaux, Emmanuel; Kovenock, Dan - Krannert School of Management, Purdue University - 2003
This paper examines the feasibility of collusion in capacity constrained duopoly supergames. In each period firms … this price. Under price-quantity competition firms are able to ration their output below capacity. For a wide range of … capacity pairs, the equilibrium path providing the smaller firm with its highest stationary perfect equilibrium payoff requires …
Persistent link: https://www.econbiz.de/10005786790
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Recent productivity outcomes and Australia’s potential growth
Ewing, Robert; Fenner, Sian; Kennedy, Steven; Rahman, Jyoti - In: Economic Roundup (2007) 3, pp. 49-71
In recent years, employment has grown strongly while output has grown modestly. This implies a weak growth in labour productivity that is difficult to interpret. In this article, we explore some possible explanations for recent economic growth and labour productivity outcomes, with a focus on...
Persistent link: https://www.econbiz.de/10010784704
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Merger Simulations with Observed Diversion Ratios
Mathiesen, Lars - 2010
-merger price effects. This article shows how merger simulation can be improved by using observed diversion ratios. To illustrate … simulation based upon market shares …
Persistent link: https://www.econbiz.de/10013136628
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Content and Access Bundling : Simulating Complex Scenarios
Howell, Bronwyn E.; Potgieter, Petrus H. - 2019
(2019) propose the use of numerical analysis of the output of discrete simulation models capturing the specific …
Persistent link: https://www.econbiz.de/10014032728
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CIRCULAR VARIABLE WORK IN PROCESS
Vildosola, Luis - EconWPA - 2002
This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...
Persistent link: https://www.econbiz.de/10005126234
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A micro-econometric approach to geographic market definition in local retail markets: Demand side considerations
Beckert, Walter - 2010
This paper formalizes an empirically implementable framework for the definition of local antitrust markets in retail markets. This framework rests on a demand model that captures the trade-off between distance and pecuniary cost across alternative shopping destinations within local markets. The...
Persistent link: https://www.econbiz.de/10010300369
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A micro-economic approach to geographic market definition on local retail markets: Demand side considerations
Beckert, Walter - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-29, pp. 1-32
This paper formalizes an empirically implementable framework for the definition of local antitrust markets in retail markets. This framework rests on a demand model that captures the trade-off between distance and pecuniary cost across alternative shopping destinations within local markets. The...
Persistent link: https://www.econbiz.de/10010302708
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A micro-econometric approach to geographic market definition in local retail markets : demand side considerations
Beckert, Walter - 2010
This paper formalizes an empirically implementable framework for the definition of local antitrust markets in retail markets. This framework rests on a demand model that captures the trade-off between distance and pecuniary cost across alternative shopping destinations within local markets. The...
Persistent link: https://www.econbiz.de/10003965437
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A micro-economic approach to geographic market definition on local retail markets : demand side considerations
Beckert, Walter - 2010
This paper formalizes an empirically implementable framework for the definition of local antitrust markets in retail markets. This framework rests on a demand model that captures the trade-off between distance and pecuniary cost across alternative shopping destinations within local markets. The...
Persistent link: https://www.econbiz.de/10008659354