Results 181 to 190 of about 2,832 (228)

Information Advantage in Cournot Oligopoly [PDF]

open access: yesJournal of Economic Theory, 2002
We model an oligopolistic industry where a number of firms that are asymmetrically informed about the environment compete via quantities, and we study how the information available to a firm affects its equilibrium profits. Indeed we find that if all firms have access to the same constant returns to scale technology, in any Bayesian equilibrium the ...
Ezra Einy   +2 more
exaly   +7 more sources

Learning in Cournot Oligopoly: An Experiment [PDF]

open access: possibleSSRN Electronic Journal, 1997
This experiment was designed to test various learning theories in the context of a Cournot oligopoly. We derive theoretical predictions for the learning theories and test these predictions by varying the information given to subjects. The results show that some subjects imitate successful behavior if they have the necessary information; and if they ...
Steffen Huck   +2 more
openaire   +1 more source
Some of the next articles are maybe not open access.

Related searches:

VARIATIONAL INEQUALITIES IN COURNOT OLIGOPOLY

International Game Theory Review, 2007
Consider G = (X1,…,XM,g1,…,gM) an M-player game in strategic form, where the set Xi is an interval of real numbers and the payoff functions gi are differentiable with respect to the related variable xi ∈ Xi. If they are also concave, with respect to the related variable, then it is possible to associate to the game G a variational inequality which ...
C. A. PENSAVALLE, G. PIERI
openaire   +4 more sources

The Price of Anarchy of Cournot Oligopoly

2005
Cournot oligopoly is typically inefficient in maximizing social welfare which is total surplus of consumer and producer. This paper quantifies the inefficiency of Cournot oligopoly with the term “price of anarchy”, i.e. the worst-case ratio of the maximum possible social welfare to the social welfare at equilibrium.
Xiaolei Guo, Hai Yang 0003
openaire   +2 more sources

Home - About - Disclaimer - Privacy