Results 31 to 40 of about 13,799,325 (229)
Frontiers in PhysicsBased on the “minimum complexity” modeling principle, this study constructs a tripartite Cournot game model for institutional investors’ behavioral interaction under cost heterogeneity and analyzes it systematically from static equilibrium and dynamic ...
Qianbo Lai +3 more
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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
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Risk management externalities in agrifood supply chains
American Journal of Agricultural Economics, EarlyView.Abstract Firms may under‐ or over‐invest in risk management from the social planner's perspective, resulting in a negative externality on other economic agents in the supply chain. The externality of risk management is particularly relevant for agrifood supply chains, which frequently experience disruptions and play a primary role in preventing major ...
Jeffrey Hadachek, Meilin Ma
wiley +1 more source
Demand‐Driven Mergers: Advertising, Differentiation, and Welfare
Managerial and Decision Economics, EarlyView.ABSTRACT We consider mergers that induce demand changes. We study the firms' incentives to submit a merger request and the competition authority's decision to approve the request. We show that merger‐induced demand changes help expand settings where the interests of firms and competition authority align, whereas contexts where their interests are ...
Felix Munoz‐Garcia +2 more
wiley +1 more source
Strategic search: Adaptation of internal fit and market positioning under competition
Strategic Management Journal, EarlyView.Abstract Research Summary Firms seeking competitive advantage need both internal fit and a distinctive market position, yet strategy research says little about how the search for the two is related. We develop a model of strategic search that integrates an NK landscape with differentiated Cournot competition, allowing a firm's position to shape both ...
Gianluigi Giustiziero +2 more
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
The RAND Journal of Economics, EarlyView.ABSTRACT We study how insurer competition affects premiums for fully‐insured plans in the employer‐sponsored health insurance market. By utilizing quasi‐experimental variations induced by mergers among national insurers, we show that increased insurer concentration leads to higher premiums, but there exists substantial heterogeneity.
Haizhen Lin, Yaying Zhou
wiley +1 more source
Product Differentiation Impact on Games Theory Models [PDF]
Ovidius University Annals: Economic Sciences Series, 2020 Imperfect competition represents one of the main topic of modern economic analysis and it can be easily identified in the current economic climate. Whether we are reffering to the aggregate economic field or to a specific industry, certain topics can be ...
Ciprian Rusescu, Mihai Daniel Roman
doaj
Nonlinear Engineering, 2023 Bounded rationality, asymmetric information, and R&D spillovers are widely existed in monopoly markets, and they have been researched separately by a large number of literatures; however, there are few works that discussed both R&D spillovers and ...
Long Jianjun, Wang Fenglian
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Collusion through debt and managers
Canadian Journal of Economics/Revue canadienne d'économique, EarlyView.Abstract We investigate the anticompetitive effects of debt financing and managerial incentives in the presence of managers incurring personal bankruptcy costs. We characterize the strategic value for firms' shareholders of resorting to debt and managerial incentives as complementary devices to sustain collusion among firms, when managerial bankruptcy ...
Raffaele Fiocco +2 more
wiley +1 more source