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Behavioural heterogeneity and Cournot oligopoly equilibrium [PDF]
Ricerche Economiche, 1993 Summary: It is not uncommon to see studies of imperfect competition or of industrial organization rest upon questionable foundations such as the hypothesis that inverse market demand is, whenever it is positive, concave or even linear. Assumptions of this sort are not robust (i.e.
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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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Inferior factor in Cournot oligopoly revisited [PDF]
Journal of Economics, 2013 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
van Mouche, P.H.M., Bertoletti, P.
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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
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Discrete Dynamics in Nature and Society, 2000 Conventional adaptive expectation as a mechanism of stabilizing an unstable economic process is reexamined through a generalization to an adaptive adjustment framework.
Weihong Huang
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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
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Price vs. quantity in oligopoly games
, 2005 Price-setting and quantity-setting oligopoly games lead to extremely dierent outcomes in the market. One natural way to address this problem is to formulate a model in which some rms use price while the remaining rms use quantity as their decision ...
Tasnádi, Attila, Attila Tasnádi
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The Effects of Ambient Charges in a Cournot Duopoly with a Labor-Managed Firm and a Capitalist Firm [PDF]
International Journal of Management, Accounting and EconomicsNon-point sources of pollution include urban runoff, agricultural runoff, sediment from construction sites, and atmospheric deposition of pollutants.
Kazuhiro Ohnishi
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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
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Multiple Behavioral Rules in Cournot Oligopolies [PDF]
SSRN Electronic Journal, 2019 We study intra-individual behavioral heterogeneity in an experimental Cournot oligopoly. Previous empirical results in this setting have demonstrated convergence to competitive outcomes, in agreement with theoretical predictions assuming that players imitate successful opponents.
Alos-Ferrer, Carlos, Ritschel, Alexander
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