Results 51 to 60 of about 2,234,689 (207)

A mixed duopoly in the provision of payment services

Latin American Journal of Central Banking
In this paper, we study the coexistence of cash and electronic payments introducing some distortions in the payments markets to understand the widespread use of cash, specially in emerging countries.
Carlos A. Arango-Arango, Yanneth Rocío Betancourt-García   +1 more
semanticscholar   +1 more source

Efficiency of bilateral delegation in a mixed Cournot duopoly

Metroeconomica, 2021
AbstractWe consider a bilateral delegation mixed duopoly with quantity setting, where the objective function of the public managers is based on strategic manipulation of a Generalized Welfare Function. We show that such manipulation, coupled with strategic delegation by the private firm, enables the government to enforce an efficient outcome at ...
Corrado Benassi, Alessandra Chirco, Caterina Colombo   +2 more
openaire   +2 more sources

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

Lifetime Employment and a Sequential Choice in a Mixed Duopoly Market with a Joint-Stock Firm [PDF]

International Journal of Management, Accounting and Economics, 2016
This paper examines a three-stage game model in which a joint-stock private firm and a state-owned public firm can sequentially offer lifetime employment before competing in quantities. The game runs as follows.
Kazuhiro Ohnishi
doaj  

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

Strategic environmental corporate social responsibility in a vertically differentiated duopoly

International Journal of Economic Theory, EarlyView.
Abstract We investigate firms' strategic incentives to adopt environmental corporate social responsibility (ECSR) in the presence of quality–cost differences within a vertically differentiated duopoly. We find that (i) the low‐quality firm chooses a higher (lower) ECSR level than the high‐quality firm when the low‐quality firm has a relatively more ...
Mingqing Xing, Sang‐Ho Lee
wiley   +1 more source

Complexity Analysis of a Cournot-Bertrand Duopoly Game Model with Limited Information

Discrete Dynamics in Nature and Society, 2013
A Cournot-Bertrand mixed duopoly game model with limited information about the market and opponent is considered, where the market has linear demand and two firms have the same fixed marginal cost.
Hongwu Wang, Junhai Ma
doaj   +1 more source

Circular economy business strategies and public schemes: a game theory‐based survey

International Transactions in Operational Research, EarlyView.
Abstract This paper develops a selected survey based on game theory in circular economy (CE) by complementing two perspectives: the CE business strategies and the public schemes (PS) available to implement CE systems. These perspectives are concentrated in six CE business strategies (circular inputs, sharing platforms, product‐as‐a‐service (PaaS ...
Vinay Ramani, Pietro De Giovanni
wiley   +1 more source

Serial Investing and Strategic Commitment in Markets With Unknown Competitors

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT We study how serial investors who regularly face unknown competitors attempt to make their projects dominant. Innovating in new markets often involves uncertainty over the nature of the final product and who the key competitors will be. Such projects also have long‐term funding needs, so a commitment to provide the necessary funds imparts a ...
Naveen Khanna, Richmond Mathews
wiley   +1 more source

We Value Your Privacy: Behavior‐Based Pricing Under Endogenous Privacy

Journal of Economics &Management Strategy, EarlyView.
ABSTRACT We study a duopoly model of behavior‐based pricing in which consumers can either disclose or hide their data. We contrast two data policies. Under an open data policy, disclosed data is shared with all firms. In the unique equilibrium, all consumers disclose, and firms price discriminate, leading to welfare losses from inefficient poaching ...
Friederike Heiny, Tianchi Li, Michel Tolksdorf   +2 more
wiley   +1 more source