Results 41 to 50 of about 639 (181)

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  

Equilibrium stability of dynamic duopoly Cournot game under heterogeneous strategies, asymmetric information, and one-way R&D spillovers

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

EU-US TRADE DILEMMAS IN A LINEAR COURNOT MODEL

Köz-gazdaság, 2022
The most commonly used models for quantifying trade agreements in the international literature can be divided into two groups. Microeconomic models illustrate pre- and post-negotiation situations with micro-level profit analyses.
Eszter Kovács
doaj  

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

Dynamics of a Heterogeneous Constraint Profit Maximization Duopoly Model Based on an Isoelastic Demand

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

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, Philip R. Neary, Jonathan Newton, Ryoji Sawa   +3 more
wiley   +1 more source

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

Stability Analysis of a Master–Slave Cournot Triopoly Model: The Effects of Cross-Diffusion

Axioms
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, Isabella Torcicollo   +1 more
doaj   +1 more source