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Author : Byoung Jun
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.X/5 (6 download)
Download or read book Incentives in Dynamic Duopoly written by Byoung Jun and published by . This book was released on 2001 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Daniel Cerquera
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (129 download)
Download or read book Dynamic R&D Incentives with Network Externalities written by Daniel Cerquera and published by . This book was released on 2012 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the incentives to undertake uncertain Ramp;D initiatives in a dynamic duopoly network industry. It is shown that network externalities positively affect the incentives to invest in Ramp;D. In the model, competition resembles a preemption race and, therefore, market performance implies an over-investment in Ramp;D in comparison with the social optimum. Moreover, network externalities have an important impact in the dynamic evolution of the industry. Although in the long-run a single firm dominates the market (i.e. wins the race), short-run competition is very fierce and concentrated on neck-and-neck technological configurations. This short-run competition is fiercer and longer, the higher the level of network externalities. Policy measures that increase technological diffusion (i.e. mandatory licensing), increase the level of competition and/or prolong the short-run competition have an important positive impact on consumer welfare and on firms' Ramp;D incentives.
Author : Ngo Van Long
Publisher : World Scientific
ISBN 13 : 9814293032
Total Pages : 290 pages
Book Rating : 4.8/5 (142 download)
Download or read book A Survey of Dynamic Games in Economics written by Ngo Van Long and published by World Scientific. This book was released on 2010 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides readers with a comprehensive survey of models of dynamic games in economics, including an extensive coverage of numerous fields of applications. It will also discuss and explain main concepts and techniques used in dynamic games, and inform readers of its major developments while equipping them with tools and ideas that will aid in the formulation of solutions for problems. A Survey of Dynamic Games in Economics will interest those who wish to study more about the conceptions, approaches and models that are applied in the domain of dynamic games.
Author : Michael Kopel
Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (129 download)
Download or read book Endogenous Timing and Strategic Managerial Incentives in a Duopoly Game written by Michael Kopel and published by . This book was released on 2008 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we study the nature of incentive contracts and organizational modes in a game where the firms' owners endogenously determine the order of moves at the quantity-setting stage, can choose to delegate the production decision to a manager and write appropriate incentive contracts. It is shown that in our quantity-setting model Stackelberg-type outcomes can occur. In these outcomes the Stackelberg leader is owner-managed and the follower delegates the quantity choice to a manager, who is compensated based on profits and sales. Furthermore, the follower has a second-mover advantage, i.e. achieves a higher profit than the leader.
Author : Leon A Petrosyan
Publisher : World Scientific
ISBN 13 : 9811202028
Total Pages : 621 pages
Book Rating : 4.8/5 (112 download)
Download or read book Game Theoretic Analysis written by Leon A Petrosyan and published by World Scientific. This book was released on 2019-10-14 with total page 621 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of recent novel contributions in game theory from a group of prominent authors in the field. It covers Non-cooperative Games, Equilibrium Analysis, Cooperative Games and Axiomatic Values in static and dynamic contexts.Part 1: Non-cooperative Games and Equilibrium AnalysisIn game theory, a non-cooperative game is a game with competition between individual players and in which only self-enforcing (e.g. through credible threats) alliances (or competition between groups of players, called 'coalitions') are possible due to the absence of external means to enforce cooperative behavior (e.g. contract law), as opposed to cooperative games. In fact, non-cooperative games are the foundation for the development of cooperative games by acting as the status quo. Non-cooperative games are generally analysed through the framework of equilibrium, which tries to predict players' individual strategies and payoffs. Indeed, equilibrium analysis is the centre of non-cooperative games. This volume on non-cooperative games and equilibrium analysis contains a variety of non-cooperative games and non-cooperative game equilibria from prominent authors in the field.Part 2: Cooperative Games and Axiomatic ValuesIt is well known that non-cooperative behaviours, in general, would not lead to a Pareto optimal outcome. Highly undesirable outcomes (like the prisoner's dilemma) and even devastating results (like the tragedy of the commons) could appear when the involved parties only care about their individual interests in a non-cooperative situation. Cooperative games offer the possibility of obtaining socially optimal and group efficient solutions to decision problems involving strategic actions. In addition, axiomatic values serve as guidance for establishing cooperative solutions. This volume on cooperative games and axiomatic values presents a collection of cooperative games and axiomatic values from prominent authors in the field.
Author : Larry D Qiu
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (318 download)
Download or read book R&D Incentives in a Differentiated Duopoly with Spillovers written by Larry D Qiu and published by . This book was released on 1995 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Josef L. Haunschmied
Publisher : Springer Nature
ISBN 13 : 3030545768
Total Pages : 317 pages
Book Rating : 4.0/5 (35 download)
Download or read book Dynamic Economic Problems with Regime Switches written by Josef L. Haunschmied and published by Springer Nature. This book was released on 2020-11-07 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the state of the art in the relatively new field of dynamic economic modelling with regime switches. The contributions, written by prominent scholars in the field, focus on dynamic decision problems with regime changes in underlying dynamics or objectives. Such changes can be externally driven or internally induced by decisions. Utilising the most advanced mathematical methods in optimal control and dynamic game theory, the authors address a broad range of topics, including capital accumulation, innovations, financial decisions, population economics, environmental and resource economics, institutional change and the dynamics of addiction. Given its scope, the book will appeal to all scholars interested in mathematical and quantitative economics.
Author : Luca Lambertini
Publisher : Cambridge University Press
ISBN 13 : 1316732630
Total Pages : 275 pages
Book Rating : 4.3/5 (167 download)
Download or read book Differential Games in Industrial Economics written by Luca Lambertini and published by Cambridge University Press. This book was released on 2018-04-26 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory has revolutionised our understanding of industrial organisation and the traditional theory of the firm. Despite these advances, industrial economists have tended to rely on a restricted set of tools from game theory, focusing on static and repeated games to analyse firm structure and behaviour. Luca Lambertini, a leading expert on the application of differential game theory to economics, argues that many dynamic phenomena in industrial organisation (such as monopoly, oligopoly, advertising, R&D races) can be better understood and analysed through the use of differential games. After illustrating the basic elements of the theory, Lambertini guides the reader through the main models, spanning from optimal control problems describing the behaviour of a monopolist through to oligopoly games in which firms' strategies include prices, quantities and investments. This approach will be of great value to students and researchers in economics and those interested in advanced applications of game theory.
Author : Yongmin Chen
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (284 download)
Download or read book Dynamic Duopoly with Slowly Changing Customer Loyalties written by Yongmin Chen and published by . This book was released on 1992 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Rupayan Pal
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Managerial Incentives in Duopoly written by Rupayan Pal and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that in a model of managerial delegation in duopoly market structure, if the managers' salary varies with the incentive schemes offered by the owners, then the well-known results of equilibrium incentive scheme (by Fershtman and Judd, 1987, A.E.R.) get modified. In case of quantity competition the incentive scheme offered by the owners depend on the proportion of the incentive scheme that the managers get as a part of their salary, i.e. in equilibrium owners will not necessarily deviate from profit maximization to sales maximization, where as under price competition, demand and cost parameters plays crucial role to determine the equilibrium incentive structure.
Author : Luis C. Corchón
Publisher : Edward Elgar Publishing
ISBN 13 : 178536328X
Total Pages : 567 pages
Book Rating : 4.7/5 (853 download)
Download or read book Handbook of Game Theory and Industrial Organization, Volume I written by Luis C. Corchón and published by Edward Elgar Publishing. This book was released on 2018-02-23 with total page 567 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first volume of this wide-ranging Handbook contains original contributions by world-class specialists. It provides up-to-date surveys of the main game-theoretic tools commonly used to model industrial organization topics. The Handbook covers numerous subjects in detail including, among others, the tools of lattice programming, supermodular and aggregative games, monopolistic competition, horizontal and vertically differentiated good models, dynamic and Stackelberg games, entry games, evolutionary games with adaptive players, asymmetric information, moral hazard, learning and information sharing models.
Author : William Novshek
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (366 download)
Download or read book Capacity Choice and Duopoly Incentives for Information Sharing written by William Novshek and published by . This book was released on 1997 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Karsten Mause
Publisher : Springer Nature
ISBN 13 : 3031443934
Total Pages : 378 pages
Book Rating : 4.0/5 (314 download)
Download or read book The Political Economy of Lobbying written by Karsten Mause and published by Springer Nature. This book was released on 2024-02-10 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lobbying is not only the subject of ongoing, heated debates in politics and the public sphere but has also been a focus of the social sciences for decades. This edited volume provides an overview of the current state of research on lobbying from the perspective of Public Choice as a subfield of political science and economics. After a brief introduction to the field, Part I provides an overview of basic concepts and political-economic theories of lobbying from the standpoints of various subfields of Public Choice. Subsequently, Part II investigates the various channels used by interest groups to influence policymakers, such as party donations, informational lobbying, hiring politicians, etc. These chapters also discuss the possibilities and limits of regulating the respective channels. Lastly, Part III sheds light on lobbying in selected regions (i.e., the United States, European Union, Russia, and China).
Author : Gerda Dewit
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.X/5 (6 download)
Download or read book Employment Protection and Globalization in Dynamic Oligopoly written by Gerda Dewit and published by . This book was released on 2003 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Tamer Başar
Publisher : Springer Science & Business Media
ISBN 13 : 3642616364
Total Pages : 299 pages
Book Rating : 4.6/5 (426 download)
Download or read book Dynamic Games and Applications in Economics written by Tamer Başar and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains eleven articles which deal with different aspects of dynaoic and differential game theory and its applications in economic modeling and decision making. All but one of these were presented as invited papers in special sessions I organized at the 7th Annual Conference on Economic Dynamics and Control in London, England, during the period June 26-28, 1985. The first article, which comprises Chapter 1, provides a general introduction to the topic of dynamic and differential game theory, discusses various noncooperative equilibrium solution concepts, includ ing Nash, Stackelberg, and Consistent Conjectural Variations equilibria, and a number of issues such as feedback and time-consistency. The second chapter deals with the role of information in Nash equilibria and the role of leadership in Stackelberg problems. A special type of a Stackelberg problem is the one in which one dominant player (leader) acquires dynamic information involving the actions of the others (followers), and constructs policies (so-called incentives) which enforce a certain type of behavior on the followers; Chapter 3 deals with such a class of problems and presents some new theoretical results on the existence of affine incentive policies. The topic of Chapter 4 is the computation of equilibria in discounted stochastic dynamic games. Here, for problems with finite state and decision spaces, existing algorithms are reviewed, with a comparative study of their speeds of convergence, and a new algorithm for the computation of nonzero-sum game equilibria is presented.
Author : Hatem Masri
Publisher : Springer
ISBN 13 : 3319688766
Total Pages : 246 pages
Book Rating : 4.3/5 (196 download)
Download or read book Financial Decision Aid Using Multiple Criteria written by Hatem Masri and published by Springer. This book was released on 2018-01-17 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume highlights recent applications of multiple-criteria decision-making (MCDM) models in the field of finance. Covering a wide range of MCDM approaches, including multiobjective optimization, goal programming, value-based models, outranking techniques, and fuzzy models, it provides researchers and practitioners with a set of MCDM methodologies and empirical results in areas such as portfolio management, investment appraisal, banking, and corporate finance, among others. The book addresses issues related to problem structuring and modeling, solution techniques, comparative analyses, as well as combinations of MCDM models with other analytical methodologies.
Author : Luca Lambertini
Publisher : Routledge
ISBN 13 : 1317218256
Total Pages : 265 pages
Book Rating : 4.3/5 (172 download)
Download or read book An Economic Theory of Managerial Firms written by Luca Lambertini and published by Routledge. This book was released on 2017-04-21 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The separation between ownership and control has become common practice over the last century, in most medium and large firms across the world. Throughout the twentieth century, the theory of the firm and the theory of industrial organization developed parallel and complementary views on managerial firms. This book offers a comprehensive exposition of this debate. In its survey of strategic delegation in oligopoly games, An Economic Theory of Managerial Firms is able to offer a reinterpretation of a range of standard results in the light of the fact that the control of firms is generally not in the hand of its owners. The theoretical models are supported by a wealth of real-world examples, in order to provide a study of strategic delegation that is far more in-depth than has previously been found in the literature on industrial organization. In this volume, analysis is extended in several directions to cover applications concerning the role of: managerial firms in mixed market; collusion and mergers; divisionalization and vertical relations; technical progress; product differentiation; international trade; environmental issues; and the intertemporal growth of firms. This book is of great interest to those who study industrial economics, organizational studies and industrial studies.
