Product Positioning and Incentives to Innovate
ABSTRACT This paper shows that product positioning affects the incentives to invest in process innovation. The result is found using a model of price competition with three firms under horizontal product differentiation—and then extended to a more general Bertrand triopoly.
Emanuele Bacchiega, Paolo G. Garella
wiley +1 more source
We Value Your Privacy: Behavior‐Based Pricing Under Endogenous Privacy
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 +2 more
wiley +1 more source
Multi-resource constrained elective surgical scheduling with Nash equilibrium toward smart hospitals. [PDF]
Xue J, Li Z, Zhang S.
europepmc +1 more source
Tariffs and Foreign Direct Investment in a Dynamic North–South Model
Abstract This paper examines how import tariffs by a developed country (the North) and a developing country (the South) affect innovation and foreign direct investment (FDI) using a quality ladder model. We show that a Northern import tariff raises the relative wage of Northern labor, but impedes innovation and FDI. This may worsen Northern welfare. By
TATSURO IWAISAKO, HITOSHI TANAKA
wiley +1 more source
Distributed nash equilibrium seeking for heterogeneous second-order nonlinear noncooperative games with communication delays. [PDF]
Yu R, Li L, Wang Q, Zhang X, Lu S.
europepmc +1 more source
Liquidity Crises and the Market‐Maker of Last Resort
Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN +2 more
wiley +1 more source
A Differential Evolution Algorithm Based on Nikaido-Isoda Function for Solving Nash Equilibrium in Nonlinear Continuous Games. [PDF]
He F, Zhang W, Zhang G.
europepmc +1 more source
Peer-to-Peer Electricity Market Analysis: From Variational to Generalized Nash Equilibrium [PDF]
H. L. Cadre +3 more
semanticscholar +1 more source
Innovation, Licensing, and Competition: Evidence From Genetically Engineered Crops
ABSTRACT We provide a novel empirical analysis of the role of technology licensing, between competitors, for genetically engineered (GE) traits in the US seed industry. We extend the standard differentiated‐product Bertrand pricing model to include trait licensing, which permits us to recover marginal costs and (otherwise unobserved) royalty rates ...
GianCarlo Moschini, Edward D. Perry
wiley +1 more source
Finding Nash Equilibrium Point of Nonlinear Non-cooperative Games Using Coevolutionary Strategies
Kamran Razi +2 more
openalex +2 more sources

