Results 11 to 20 of about 515 (142)
Computing Cournot-Nash Equilibria [PDF]
Operations Research, 1991 This paper examines convergence criteria of an algorithm for the computation of Cournot-Nash economic equilibria. The method is based on formulating the equilibrium problem as that of finding a solution to a nonlinear complementarity problem, solved by sequential linearization and Lemke's algorithm.
Charles D. Kolstad, Lars Mathiesen
openaire +1 more source
Optimal research for cournot oligopolists [PDF]
Journal of Economic Theory, 1987 Submitted - sswp563 ...
Li, Lode +2 more
openaire +4 more sources
American Journal of Agricultural Economics, EarlyView.Abstract This paper derives a firm‐level threshold, the Herfindahl Neutral Point, from the standard concentration index used in merger review. At this threshold, a marginal expansion leaves the index unchanged. Firms below the threshold reduce concentration when they expand; firms above it increase concentration.
Andrew J. Keller, Krishna P. Paudel
wiley +1 more source
A Test of the Coase Conjecture Using Prices of Electronic Books
Southern Economic Journal, EarlyView.ABSTRACT The Coase Conjecture predicts that a durable‐goods monopolist without commitment will rapidly cut price toward marginal cost. We test this prediction in the electronic‐book market using release‐day prices. To proxy for marginal cost, we use competitive prices of public‐domain electronic books on the same platforms.
Tim Groseclose, Alex Tabarrok
wiley +1 more source
Comment on “Trade and FDI Policies in an Interdependent World: Lessons From East Asia”
Asian Economic Policy Review, EarlyView.
Takafumi Kawakubo
wiley +2 more sources
Contemporary Accounting Research, EarlyView.ABSTRACT We study how insider trading based on private cost information affects product market outcomes when firms differ in cost variance. In our model, managers exploit firm‐specific cost information to pursue short‐term trading gains, leading them to adjust output decisions and reshape product market competition.
Dingwei Gu, Hanwen Sun
wiley +1 more source
Cross‐Ownership and Welfare‐Inferior Price Competition with Relative Profit Delegation Contracts
Bulletin of Economic Research, EarlyView.ABSTRACT We consider management reward contracts based on relative profit performance under cross‐ownership and find nonequivalence of price and quantity competition. We also examine an endogenous choice of competition mode under unilateral cross‐ownership and show that the welfare‐inferior price competition can appear unless the product's ...
Mingqing Xing, Sang‐Ho Lee
wiley +1 more source
Profit loss in Cournot oligopolies [PDF]
Operations Research Letters, 2013 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Tsitsiklis, John N, Xu, Yunjian
openaire +4 more sources
Economica, EarlyView.Abstract I argue that economists' distinction between ‘pure’ and ‘applied’ economic theory is often based on papers' stylistic markers rather than their methodology or scope. I illustrate this point with a model of price competition for boundedly rational consumers, due to Piccione and Spiegler. I first present its original, ‘pure style’ version.
Ran Spiegler
wiley +1 more source
Pairwise Imitation and Tournament Graphs
International Economic Review, EarlyView.ABSTRACT This paper investigates strategic dynamics under the behavioral rule of pairwise interact and imitate (PII), which requires minimal information and emphasizes outperforming opponents in pairwise interactions. We characterize PII using weak tournament graphs and, for a broad class of dynamics, establish a one‐shot stability result for ...
Sung‐Ha Hwang +3 more
wiley +1 more source