Results 61 to 70 of about 37,125 (229)
The Journal of Finance, EarlyView.ABSTRACT We develop a unified theory of blockholder governance and the voting premium in a setting without takeovers or controlling shareholders. A voting premium emerges when a minority blockholder can influence shareholder composition by accumulating votes and buying shares from dissenting shareholders.
DORON LEVIT, NADYA MALENKO, ERNST MAUG
wiley +1 more source
Innovation, Licensing, and Competition: Evidence From Genetically Engineered Crops
The Journal of Industrial Economics, EarlyView.ABSTRACT We provide a novel empirical analysis of the role of technology licensing, between competitors, for genetically engineered (GE) traits in the US seed industry. We extend the standard differentiated‐product Bertrand pricing model to include trait licensing, which permits us to recover marginal costs and (otherwise unobserved) royalty rates ...
GianCarlo Moschini, Edward D. Perry
wiley +1 more source
Cournot competition in networked markets [PDF]
Proceedings of the fifteenth ACM conference on Economics and computation, 2014 The paper considers a model of competition among firms that produce a homogeneous good in a networked environment. A bipartite graph determines which subset of markets a firm can supply to. Firms compete à la Cournot and decide how to allocate their production output to the markets they are directly connected to.
Kostas Bimpikis +2 more
openaire +2 more sources
Complex Dynamics Analysis for a Cournot-Bertrand Mixed Game Model with Delayed Bounded Rationality
Abstract and Applied Analysis, 2013 A Cournot-Bertrand mixed duopoly game model is constructed. The existence and local stable region of the Nash equilibria point are investigated. Complex dynamic properties such as bifurcation and route to chaos are analyzed using parameter basin plots ...
Junhai Ma, Hongwu Wang
doaj +1 more source
The Journal of Industrial Economics, EarlyView.ABSTRACT We study optimal simple rating systems that partition sellers into a finite number of tiers. We show that optimal ratings must be threshold partitions, and that for linear supply and Cournot competition with constant marginal cost, optimal thresholds solve a k‐means clustering problem requiring only the quality distribution.
Hugo Hopenhayn, Maryam Saeedi
wiley +1 more source
¿EXISTE UNA MANERA DE COMPETENCIA DEFINIDA EN EL MERCADO DE LAS AFORE?
El Trimestre Económico, 2014 El objetivo de este artículo consiste en modelar las estrategias utilizadas por las Afore para retener el mayor número de afiliados con diferentes rangos de ingreso en un esquema de competencia por costos.
José Carlos Ramírez +1 more
doaj
Revista Administração em Diálogo, 2010 With the method of duopoly game theory, the effect of firms’ innovation ability on the choice between product and process innovation is studied. The concept of cost coefficient of product innovation is introduced, and the criterion equation for the ...
Zeng Wu, Tian Zhilong
doaj +1 more source
Imitators and Optimizers in Cournot Oligopoly [PDF]
, 2004 We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round a l`a Vega-Redondo (1997).
Schipper, Burkhard C.
core +4 more sources
The Optimal Bribe: Price Versus Quantity Competition in Oligopolies
The Manchester School, EarlyView.ABSTRACT We analyze an entry deterrence model between an incumbent firm and a potential entrant, where the incumbent strategically offers bribes to local officials to raise entry barriers. Our focus is a three‐stage Bertrand game under incomplete information in a differentiated goods market.
Vishavdeep Sharma +1 more
wiley +1 more source
Market Power in Output and Emissions Trading
Games, 2020 This article focuses on the strategic behavior of firms in the output and the emissions markets in the presence of market power. We consider the existence of a dominant firm in the permit market and different structures in the output market, including ...
Francisco J. André +1 more
doaj +1 more source