Results 41 to 50 of about 23,743,848 (267)
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
doaj +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
Impact of wind integration on electricity markets: a chance‐constrained Nash Cournot model
, 2013 SUMMARY Wind-powered electricity generation is growing at a high rate around the world, mainly driven by the associated environmental benefits. However, because of the uncertain nature of wind energy, large-scale integration of wind-powered generators
M. Mazadi +4 more
semanticscholar +1 more source
Comparative Statics for Market Games: The Strong Concavity Case [PDF]
, 1993 In this paper we study the effects of a change in sorne exogenous variable (the number of players or a parameter in the payoff functions) on the strategies played and payoffs obtained in a Nash Equilibrium in the framework of a Market Game (a ...
Corchón, Luis C.
core +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
Complexity, 2021 A Cournot duopoly game is a two-firm market where the aim is to maximize profits. It is rational for every company to maximize its profits with minimal sales constraints.
S. S. Askar, A. Ibrahim, A. A. Elsadany
doaj +1 more source
Strategic delegation and risk‐taking in R&D: Partial delegation versus full delegation
International Journal of Economic Theory, EarlyView.Abstract We examine firm's risk‐taking decisions in R&D under two different delegation strategies between partial delegation (PD) and full delegation (FD): FD authorizes both quantity and R&D risk but PD only authorizes quantity. Cournot firms under the FD set higher profit weights at the expected value of cost realization, which can lessen competition,
Mingqing Xing, Sang‐Ho Lee
wiley +1 more source
Stability Analysis of a Master–Slave Cournot Triopoly Model: The Effects of Cross-Diffusion
AxiomsA 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
A COURNOT-BERTRAND MODEL USING VARIOUS PRODUCTS [PDF]
Annals of the University of Oradea: Economic Science, 2019 Imperfect competition represent a known issue on modern economic analysis. Monopoly case classical induce a worse solution for consumer side but in the oligopoly competition scenario it will be possible to obtain a solution close to perfect competition ...
RUSESCU Ciprian
doaj