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existence of equilibrium. We then apply the solution concept to a matching-based Cournot model in which the unit production cost … technology and human capital are complementary, the positive assortative matching (PAM) is a stable matching under rational … marginal effects of technology and human capital, the PAM is still a rational stable matching. However, if the substitutive …
Persistent link: https://www.econbiz.de/10010191642
The aim of this paper is to extend Hamilton and Slutsky's (1990) endogenous timing game by including the possibility for players to cooperate. At an initial stage players are assumed to announce both their purpose to play early or late a given duopoly game as well as their intention to cooperate...
Persistent link: https://www.econbiz.de/10014179354
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O'donoghue and Zweimüller (2004, J. of Econ. Growth), a seminal work, showed that broadening leading breadth in patent protection can stimulate innovation. However, the empirical literature has consistently found skeptical results on the positive effect. To fill the gap, we build another...
Persistent link: https://www.econbiz.de/10014233354
-to-business matching market with indirect network externalities. The intermediaries differ with regard to their ownership structure: an …
Persistent link: https://www.econbiz.de/10010296784
remain intact, we introduce the notion of compatibility of these games. A set of games is compatible if the core of the joint …
Persistent link: https://www.econbiz.de/10013066014
This paper analyzes dynamic advertising and pricing policies in a durable-good duopoly. The proposed infinite-horizon model, while general enough to capture dynamic price and advertising interactions in a competitive setting, also permits closed-form solutions. We use differential game theory to...
Persistent link: https://www.econbiz.de/10012759421
. Moreover, if the cost advantage is relatively high, then the formed cartel can also be stable in the sense of the core of a …
Persistent link: https://www.econbiz.de/10012432603
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