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Endogenous Timing In A Mixed Duopoly And Private Duopoly Capacity Then Quantity Game
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Book Synopsis Endogenous Timing in a Mixed Duopoly and Private Duopoly - 'Capacity-then-Quantity' Game by : Yuanzhu Lu
Download or read book Endogenous Timing in a Mixed Duopoly and Private Duopoly - 'Capacity-then-Quantity' Game written by Yuanzhu Lu and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider a game of endogenous timing of sequential choice of capacity and quantity with observable delay in a mixed duopoly and a private duopoly. In mixed duopoly, we find that a simultaneous play at the capacity stage or at the quantity stage can never be supported as subgame perfect Nash equilibrium (SPNE); whereas a simultaneous play at each stage turns out to be the unique SPNE in a private duopoly. In mixed duopoly there is multiplicity of equilibria and all SPNEs require sequentiality at the capacity as well as quantity stage.
Book Synopsis Endogenous Timing in Mixed Duopolies with Externality by : Toshihiro Matsumura
Download or read book Endogenous Timing in Mixed Duopolies with Externality written by Toshihiro Matsumura and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate endogenous timing in a mixed duopoly with a negative externality. We find that quantity (price) competition yields a simultaneous-move (sequential-move) outcome under a significant negative externality. These results indicate that mixed duopolies yield the same results as private duopolies under a significant negative externality, which is in sharp contrast to the results in mixed duopolies without a negative externality. Unless the negative externality is insignificant, public leadership yields greater welfare than private leadership, and public leadership is more robust than the private leadership as equilibrium. If optimal environmental tax policy is introduced, however, private leadership yields the greatest welfare and this an equilibrium outcome in the endogenous timing game under quantity competition.
Book Synopsis Endogenous Timing in a Mixed Duopoly with Capacity Choice by : Juan Carlos Barcena Ruiz
Download or read book Endogenous Timing in a Mixed Duopoly with Capacity Choice written by Juan Carlos Barcena Ruiz and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: An endogenous order of moves is analyzed in a mixed duopoly where firms first strategically choose their capacity levels and then compete at price level. In equilibrium, firms are shown to set prices simultaneously while capacities are chosen sequentially. This result is in contrast to the assumption of simultaneous order of moves for capacities choice made by Bárcena-Ruiz and Garzón (Economics Bulletin, Vol. 12 (2007), pp. 1-7) in a mixed duopoly. Besides, we find that there are two equilibria: in one of them the public firm is the leader in capacities and, in the other, the follower.
Book Synopsis Endougenous Timing in a Mixed Duopoly by : Rabah Amir
Download or read book Endougenous Timing in a Mixed Duopoly written by Rabah Amir and published by . This book was released on 2013 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper applies the framework of endogenous timing in games to mixed quantity duopoly, wherein a private - domestic or foreign - firm competes with a public, welfare maximizing firm. We show that simultaneous play never emerges as a subgame-perfect equilibrium of the extended game, in sharp contrast to private duopoly games. We provide sufficient conditions for the emergence of public and/or private leadership equilibrium. In all cases, private profits and social welfare are higher than under the corresponding Cournot equilibrium. From a methodological viewpoint we make extensive use of the basic results from the theory of supermodular games in order to avoid common extraneous assumptions such as concavity, existence and uniqueness of the different equilibria, whenever possible. Some policy implications are drawn, in particular those relating to the merits of privatization.
Book Synopsis Endogenous Timing in a Mixed Duopoly with Endogenous Vertical Differentiation by : Lin Liu
Download or read book Endogenous Timing in a Mixed Duopoly with Endogenous Vertical Differentiation written by Lin Liu and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider a game of endogenous timing with observable delay in a mixed duopoly with endogenous vertical differentiation in the context of sequential quality and price choice. We find that a simultaneous play in the first opportunity at each stage turns out to be the unique subgame perfect Nash equilibrium, which contrasts with the endogenous timing in a purely private duopoly.
Book Synopsis Firms` Strategic Decisions Theoretical and Empirical Findings by : Kazuhiro Ohnishi
Download or read book Firms` Strategic Decisions Theoretical and Empirical Findings written by Kazuhiro Ohnishi and published by Bentham Science Publishers. This book was released on 2015-04-06 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This eBook presents recent case studies on firms and their strategy employed in specific scenarios and industries. Readers will find, in this volume, an analysis of oligopolistic industries done by using various economic models. These models attempt to explain changes to the competitive environment owing to strategic firm behavior, that is, on the assumption that firms are able to compete effectively and advantageously against rivals through applying strategic initiatives. This eBook investigates the behavior of profit-maximizing firms as well as labor-managed, state-owned and joint-stock firms. Fifteen chapters present empirical or theoretical findings, and develop the economic analysis of firm behavior.
Book Synopsis Endogenous Timing in a Duopoly Model with Incomplete Information by : Hans-Theo Normann
Download or read book Endogenous Timing in a Duopoly Model with Incomplete Information written by Hans-Theo Normann and published by . This book was released on 1996 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Model of Endogenous Payoff Motives and Endogenous Timing in a Mixed Duopoly by : Kangsik Choi
Download or read book A Model of Endogenous Payoff Motives and Endogenous Timing in a Mixed Duopoly written by Kangsik Choi and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A model of endogenous payoff motives and endogenous order of moves is analysed in a mixed duopoly. We find that, when a non-negative price constraint is imposed on public and private firms' quantity choice, both firms always choose to be relative-payoff-maximisers, and both simultaneous move and sequential move can be sustained in equilibrium. In contrast, when non-negative absolute profit constraint is imposed, public and private firms always choose to be absolute-payoff-maximisers, and only sequential move can be sustained in equilibrium.
Book Synopsis The Choice of Capacity in Mixed Duopoly Under Demand Uncertainty by : Yuanzhu Lu
Download or read book The Choice of Capacity in Mixed Duopoly Under Demand Uncertainty written by Yuanzhu Lu and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the capacity choice of firms under demand uncertainty in a mixed duopoly market consisting of one private firm and one public firm. We define a two-stage game where firms choose capacity in the first stage without knowing which state of Nature is going to be realized, and output in the second stage knowing which state is realized. We address the question of maintaining over and under capacity in the equilibrium as a strategic device; and show that both symmetric and asymmetric outcomes can be realized.
Book Synopsis Endogenous Timing in Duopoly Games by : Jonathan H. Hamilton
Download or read book Endogenous Timing in Duopoly Games written by Jonathan H. Hamilton and published by . This book was released on 1988 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogenous Timing in Multi-stage Duopoly Games by : Toshihiro Matsumura
Download or read book Endogenous Timing in Multi-stage Duopoly Games written by Toshihiro Matsumura and published by . This book was released on 1994 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogenous Timing in Duopoly: Experimental Evidence by : Miguel A. Fonseca
Download or read book Endogenous Timing in Duopoly: Experimental Evidence written by Miguel A. Fonseca and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Games and Dynamics in Economics by : Ferenc Szidarovszky
Download or read book Games and Dynamics in Economics written by Ferenc Szidarovszky and published by Springer Nature. This book was released on 2020-04-11 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the latest advances in nonlinear dynamic modeling in economics and finance, mainly—but not solely—based on the description of strategic interaction by using concepts and methods from dynamic and evolutionary game theory. The respective chapters cover a range of theoretical issues and examples concerning how the qualitative theory of dynamical systems is used to analyze the local and global bifurcations that characterize complex behaviors observed in social systems where heterogeneous and boundedly rational economic agents interact. Nonlinear dynamical systems, represented by difference and differential and functional equations, are extensively used to simulate the behavior of time-evolving economic systems, also in the presence of time lags, discontinuities, and hysteresis phenomena. In addition, some theoretical issues and particular applications are discussed, as well. The contributions gathered here offer an up-to-date review of the latest research in this rapidly developing research area.
Book Synopsis Downstream Mixed Duopoly, Vertical Bargaining Contract and Endogenous Choice of Competition Modes by : Haitao Qu
Download or read book Downstream Mixed Duopoly, Vertical Bargaining Contract and Endogenous Choice of Competition Modes written by Haitao Qu and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, a vertical mixed oligopoly framework is used to select the endogenous competition modes with a two-part tariff input price bargaining. We get the following result: First, the public firm does not have the dominant strategy and the private firm's strictly dominant strategy is price competition; Second, due to that the upstream firm's profit maximization, the public firm choosing quantity competition while the private firm choosing price competition is the subgame perfect Nash equilibrium which is in sharp with Matsumura and Ogawa (2012) and Choi (2012, 2019).
Book Synopsis Applied Stochastic Control of Jump Diffusions by : Bernt Øksendal
Download or read book Applied Stochastic Control of Jump Diffusions written by Bernt Øksendal and published by Springer Science & Business Media. This book was released on 2007-04-26 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here is a rigorous introduction to the most important and useful solution methods of various types of stochastic control problems for jump diffusions and its applications. Discussion includes the dynamic programming method and the maximum principle method, and their relationship. The text emphasises real-world applications, primarily in finance. Results are illustrated by examples, with end-of-chapter exercises including complete solutions. The 2nd edition adds a chapter on optimal control of stochastic partial differential equations driven by Lévy processes, and a new section on optimal stopping with delayed information. Basic knowledge of stochastic analysis, measure theory and partial differential equations is assumed.
Book Synopsis Dissertation Abstracts International by :
Download or read book Dissertation Abstracts International written by and published by . This book was released on 1999 with total page 660 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Experiments and Competition Policy by : Jeroen Hinloopen
Download or read book Experiments and Competition Policy written by Jeroen Hinloopen and published by Cambridge University Press. This book was released on 2009-03-12 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists have begun to make much greater use of experimental methods in their research. This collection surveys these methods and shows how they can help us to understand firm behaviour in relation to various forms of competition policy.
