Results 71 to 80 of about 884,301 (228)
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
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
Cournot-Walras equilibrium as a subgame perfect equilibrium [PDF]
In this paper, we investigate the problem of the strategic foundation of the Cournot-Walras equilibrium approach. To this end, we respecify à la Cournot-Walras the mixed version of a model of simultaneous, noncooperative exchange, originally proposed by
Busetto, Francesca +2 more
core
Analytic solutions of nonlinear Cournot duopoly game
We construct a Cournot duopoly model with production externality in which reaction functions are unimodal. We consider the case of a Cournot model which has a stable equilibrium point.
Akio Matsumoto, Mami Suzuki
doaj +1 more source
Two-Player Location Game in a Closed-Loop Market with Quantity Competition
This paper considers the two-player location game in a closed-loop market with quantity competition. Based on the Cournot and Hotelling models, a circle model is established for a closed-loop market in which two players (firms) play a location game under
Xiaofeng Chen +2 more
doaj +1 more source
ABSTRACT This study considers mutual outsourcing firms in a vertically related market and examines their strategic adoption of environmental corporate social responsibility (ECSR) activities. We demonstrate that ECSR adoption reduces mutual outsourcing firms' profits, resulting in a prisoner's dilemma situation, but enhances welfare regardless of ...
Lili Xu, Xinying Fan, Sang‐Ho Lee
wiley +1 more source
Partial Certifiability and Information Precision in a Cournot Game [PDF]
This paper examines strategic information revelation in a Cournot duopoly with incomplete information about firm~1\'s cost and information precision. Firm~2 relies on certifiable and ex post submissions of firm~1, without necessarily knowing whether firm~
Frédéric KOESSLER
core
ABSTRACT This study considers consumers' environmental awareness of polluting firms' managerial delegation contracts and compares the effects of committed and time‐consistent emission tax policies. It reveals that when environmental performance (EP) incentives prevail, sales performance (SP) incentives depend on the emission tax type and competition ...
Lili Xu, Yuntong Yin, Sang‐Ho Lee
wiley +1 more source
Convergence in the Finite Cournot Oligopoly with Social and Individual Learning [PDF]
Convergence to the Nash equilibrium in a Cournot oligopoly is a question that recurrently arises as a subject of controversy in economics. The development of evolutionary game theory has provided an equilibrium concept more directly connected with ...
Murat Yildizoglu, Thomas Vallée
core
Stability Analysis of a Master–Slave Cournot Triopoly Model: The Effects of Cross-Diffusion
A Cournot triopoly is a type of oligopoly market involving three firms that produce and sell homogeneous or similar products without cooperating with one another.
Maria Francesca Carfora +1 more
doaj +1 more source

