Results 51 to 60 of about 884,301 (228)

EFFECT OF CORPORATE INNOVATION ABILITY ON THE CHOICE BETWEEN PRODUCT INNOVATION AND PROCESS INNOVATION

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

Applied theory makeovers

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

Autocratic strategies in Cournot oligopoly game

PLOS Complex Systems
An oligopoly is a market in which the price of goods is controlled by a few firms. Cournot introduced the simplest game-theoretic model of oligopoly, where profit-maximizing behavior of each firm results in market failure. Furthermore, when the Cournot oligopoly game is infinitely repeated, firms can tacitly collude to monopolize the market. Such tacit
Masahiko Ueda, Shoma Yagi, Genki Ichinose   +2 more
openaire   +2 more sources

Rational Expectations Fools' Bubbles

International Economic Review, EarlyView.
ABSTRACT We develop a rational, Walrasian model of speculative bubbles inspired by the Kindleberger–Minsky view, which describes bubbles as wave‐like market processes. Touched off by an initial shock, price booms are initially self‐reinforcing but become self‐destructive later when prices surpass fundamental value.
Luis Araujo, Antonio Doblas‐Madrid
wiley   +1 more source

Imitation Dynamics in Oligopoly Games with Heterogeneous Players

Games
We investigate the role and performance of imitative behavior in a class of quantity-setting, Cournot games. Within a framework of evolutionary competition between rational, myopic best-response and imitation heuristics with differential heuristics ...
Daan Lindeman, Marius I. Ochea
doaj   +1 more source

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

Entrepreneurship and Financial Deregulation

International Economic Review, EarlyView.
ABSTRACT We quantitatively analyze the impact of US banking deregulation in the 1980s on the aggregate economy. Using recent econometric techniques, we first reexamine existing empirical evidence on the real effects of banking deregulation. We then construct a quantitative model that integrates imperfectly competitive banks into a general equilibrium ...
Toshihiko Mukoyama, Gang Zhang
wiley   +1 more source

The Effects of Ambient Charges in a Cournot Duopoly with a Labor-Managed Firm and a Capitalist Firm [PDF]

International Journal of Management, Accounting and Economics
Non-point sources of pollution include urban runoff, agricultural runoff, sediment from construction sites, and atmospheric deposition of pollutants.
Kazuhiro Ohnishi
doaj   +1 more source

Cartel Formation in Cournot Competition with Asymmetric Costs: A Partition Function Approach

Games, 2021
In this paper, we use a partition function form game to analyze cartel formation among firms in Cournot competition. We assume that a firm obtains a certain cost advantage that allows it to produce goods at a lower unit cost. We show that if the level of
Takaaki Abe
doaj   +1 more source

Aggregate Market Power: Measurement, Drivers, and Macroeconomic Effects

Journal of Economic Surveys, EarlyView.
ABSTRACT This survey reviews the macroeconomic literature on market power, focusing on its measurement, determinants, and macroeconomic effects. It synthesizes evidence from concentration ratios, business dynamism indicators, and markup/markdown estimates, documenting a distinct change in trends since the 1980s, especially in the United States ...
Maria Alessandra Rossi
wiley   +1 more source