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Endogenous Timing In Duopoly Experimental Evidence
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Book Synopsis Making Sense of the Experimental Evidence on Endogenous Timing in Duopoly Markets by : Luís Santos-Pinto
Download or read book Making Sense of the Experimental Evidence on Endogenous Timing in Duopoly Markets written by Luís Santos-Pinto and published by . This book was released on 2007 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The prediction of asymmetric equilibria with Stackelberg outcomes is clearly the most frequent result in the endogenous timing literature. Several experiments have tried to validate this prediction empirically, but failed to find support for it. By contrast, the experiments find that simultaneous-move outcomes are modal and that behavior in endogenous timing games is quite heterogeneous. This paper generalizes Saloner's (1987) and Hamilton and Slutsky's (1990) endogenous timing games by assuming that players are averse to inequality in payoffs. We explore the theoretical implications of inequity aversion and compare them to the empirical evidence. We find that this explanation is able to organize most of the experimental evidence on endogenous timing games. However, inequity aversion is not able to explain delay in Hamilton and Slutsky's endogenous timing games.
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 Endogeneous Timing in Duopoly by : Miguel A. Fonseca
Download or read book Endogeneous Timing in Duopoly written by Miguel A. Fonseca and published by . This book was released on 2005 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 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 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 To Commit Or Not to Commit: Endogenous Timing in Experimental Duopoly Markets by : Steffen Huck
Download or read book To Commit Or Not to Commit: Endogenous Timing in Experimental Duopoly Markets written by Steffen Huck and published by . This book was released on 1999 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogenous Timing in a Duopoly Model with Incomplet Informationa by : Hans-Theo Normann
Download or read book Endogenous Timing in a Duopoly Model with Incomplet Informationa written by Hans-Theo Normann and published by . This book was released on 1996 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogenous Timing in Cournot Duopoly by : Toshihiro Matsumura
Download or read book Endogenous Timing in Cournot Duopoly written by Toshihiro Matsumura and published by . This book was released on 1994 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogenous Timing in a Duopoly Model with Incomplete Formation by : Hans-Theo Normann
Download or read book Endogenous Timing in a Duopoly Model with Incomplete Formation written by Hans-Theo Normann and published by . This book was released on 1996 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Playing Cournot Although They Shouldn't - Endogenous Timing in Experimental Duopolies with Asymmetric Cost by : Miguel Alexandre Fonseca
Download or read book Playing Cournot Although They Shouldn't - Endogenous Timing in Experimental Duopolies with Asymmetric Cost written by Miguel Alexandre Fonseca and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this note, we experimentally investigate the extended game with action commitment in a Cournot duopoly with asymmetric cost. Risk dominance considerations allow to select a unique equilibrium in which the low-cost firm is the Stackelberg leader. The data, however, do not support the theory as simultaneous-move play is modal. Average output choices are in line with the Cournot equilibrium. This suggests that Cournot is a much more robust predictor for competition in markets than theory suggests.
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 A Two-stage Price-setting Duopoly with Endogenous Timing by : Toshihiro Matsumura
Download or read book A Two-stage Price-setting Duopoly with Endogenous Timing written by Toshihiro Matsumura and published by . This book was released on 1994 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogenous Timing and the Choice of Quality in a Vertically Differentiated Duopoly by :
Download or read book Endogenous Timing and the Choice of Quality in a Vertically Differentiated Duopoly written by and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The endogenous choice of timing is discussed in a vertically differentiated duopoly where quality improvement requires a fixed convex cost. The timing decision concerns the quality stage. Using an extended game with observable delay, it is shown that only simultaneous equilibria can arise. This puts into question the ability of Stackelberg games to describe the entry process.
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 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 Experimental Economics by : Pablo Branas-Garza
Download or read book Experimental Economics written by Pablo Branas-Garza and published by Springer. This book was released on 2016-04-29 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do applications affect behavior? Experimental Economics Volume II seeks to answer these questions by examining the auction mechanism, imperfect competition and incentives to understand financial crises, political preferences and elections, and more.
