Mixed Industry Outcomes In Oligopoly Markets With Socially Concerned Firms

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Mixed Industry Outcomes in Oligopoly Markets with Socially Concerned Firms

Author : Michael Kopel
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Mixed Industry Outcomes in Oligopoly Markets with Socially Concerned Firms by : Michael Kopel

Download or read book Mixed Industry Outcomes in Oligopoly Markets with Socially Concerned Firms written by Michael Kopel and published by . This book was released on 2015 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we study the long run evolution of a mixed oligopoly market where profit-maximizing firms and socially concerned firms compete in quantities. We consider an evolutionary setting based on payoff-monotone selection dynamics with N-firm matching which captures the endogenous profit-maximizing choice of the business objective of firms. We argue that in long run outcomes where both types of firms coexist the McWilliams-Siegel-neutrality result necessarily holds. We contrast the outcomes with predictions derived by employing the concept of coalition stability. First, we show that overall the two stability concepts predict the same ranges for the level of social concern which yield mixed market outcomes. Additionally, coalition stability allows predictions about particular coalitions on subintervals of these ranges. Second, our analysis reveals that a medium level of social concern is preferable in terms of long run survival if firms select a social strategy. Third, there is a non-monotonic influence of the competitiveness of the industry measured by the number of firms and the long run survival. In particular, if a social strategy entails higher marginal production costs, a social strategy is more effective if the number of firms is not too high. Third and finally, although in most cases the presence of socially concerned firms is welfare-enhancing, we demonstrate that in the case of associated higher marginal costs a market which consists of socially concerned firms might be less preferable in terms of welfare than a market with just profit-maximing firms.

Evolutionary Competition in a Mixed Market with Socially Concerned Firms

Author : Michael Kopel
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Evolutionary Competition in a Mixed Market with Socially Concerned Firms by : Michael Kopel

Download or read book Evolutionary Competition in a Mixed Market with Socially Concerned Firms written by Michael Kopel and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we study an oligopoly market where profit-maximizing firms and socially concerned firms compete in quantities. Confronting remarks by Milton Friedman and Gary Becker, we are using an evolutionary setting to investigate the endogenous choice of the proper objective of business firms and the influence of product differentiation on the long run survival of firms which pursue non-profit motives. We find that firms which consider a combination of profit and consumer welfare can indeed have larger market shares and profits than their profit-maximizing rivals. One insight is that it might pay off for shareholders to consider stakeholder welfare, but that the level of social concern should not be too high. Based on a strategy's profitability, we consider asynchronous evolutionary updating with firms selecting Nash quantities or choosing best replies to the expected market quantity. Here we observe that the consumers' willingness to pay a price premium for products is crucial for the long run survival of socially concerned firms. Depending on the degrees of product differentiation and social concern, long run outcomes consist either of both types of firms or only one type of firm. If the firms' propensity to switch between a social or a profit-maximizing strategy is sufficiently large, steady states are unstable and even complicated dynamics can occur.

The Theory of Mixed Oligopoly

Author : Mitsuyoshi Yanagihara
Publisher : Springer
ISBN 13 : 4431556338
Total Pages : 208 pages
Book Rating : 4.4/5 (315 download)

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Book Synopsis The Theory of Mixed Oligopoly by : Mitsuyoshi Yanagihara

Download or read book The Theory of Mixed Oligopoly written by Mitsuyoshi Yanagihara and published by Springer. This book was released on 2016-10-03 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book outlines the core concept of the theory of mixed oligopoly and presents recent results that have arisen in a mixed oligopolistic market. The wave of privatization since the 1980s has taken the development of the theory of mixed oligopoly in several directions. Although the main concern of the theory of mixed oligopoly focuses on the effect of regime change—especially privatization of a public firm—on social welfare, existing studies have not considered the difference in economic environments. With drastic changes in economic environments along with economic development in recent years, the domestic and foreign markets have become more and more integrated, firms have become concerned about corporate social responsibility, and governments or politicians have had various interests and preferences. Against that background, this book revisits the question of how privatization affects social welfare by incorporating regional and international interdependency and investigates how firms’ activities for corporate social responsibility, governments’ preferences, and political economic situations affect the market circumstance in a mixed oligopoly. The dynamic aspect of privatization is also investigated.

Strategic Aspects of Oligopolistic Vertical Integration

Author : C. Wu
Publisher : Elsevier
ISBN 13 : 1483296164
Total Pages : 244 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Strategic Aspects of Oligopolistic Vertical Integration by : C. Wu

Download or read book Strategic Aspects of Oligopolistic Vertical Integration written by C. Wu and published by Elsevier. This book was released on 2017-12-28 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this text some fundamental issues concerning the strategic impact of vertical structures of firms are discussed in a successive oligopoly model. Vertical integration strategy has been identified as one of the key strategies which determine the success or failure of enterprises. Many studies on vertical integration are based on business experiences and interviews with managers. However, the extensive application of game theory in business economics allows this study on vertical integration to be based on sound theoretic ground. Moreover, the significance of public enterprises in some Western European economies and the trends of economic transition in Eastern Europe justify the efforts to analyse vertical integration issues in the mixed market, which is created by the participation of a public firm into an industry otherwise characterised as a successive oligopoly.

Firms` Strategic Decisions Theoretical and Empirical Findings

Author : Kazuhiro Ohnishi
Publisher : Bentham Science Publishers
ISBN 13 : 1681080389
Total Pages : 263 pages
Book Rating : 4.6/5 (81 download)

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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.

Mixed Oligopoly and Public Enterprises

Author : Joanna Poyago-Theotoky
Publisher : Cambridge University Press
ISBN 13 : 9781009486750
Total Pages : 0 pages
Book Rating : 4.4/5 (867 download)

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Book Synopsis Mixed Oligopoly and Public Enterprises by : Joanna Poyago-Theotoky

Download or read book Mixed Oligopoly and Public Enterprises written by Joanna Poyago-Theotoky and published by Cambridge University Press. This book was released on 2024-05-31 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Element offers a review and synthesis of the theoretical analysis of mixed oligopoly, that is a hybrid market structure in which public (state-owned) and private firms interact, using a variety of strategic variables. A distinguishing feature of a mixed oligopoly is that firms have different objectives. A public firm's objective is a notion of social welfare while a private firm is profit maximising. Privatisation and partial-privatisation of a public firm is also discussed, together with several applications from diverse subfields spanning industrial organisation, applied microeconomic theory, innovation, international trade and environment policy. The authors also discuss ways in which the original analysis has been enriched to study the interaction between providers of public sector services as opposed to traditional goods.

Beyond Illyria

Author : Flavio Delbono
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (131 download)

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Book Synopsis Beyond Illyria by : Flavio Delbono

Download or read book Beyond Illyria written by Flavio Delbono and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We rationalize several facts emerging from the recent empirical research on cooperatives owned by workers (workers' firms, WF) as: the concern of WFs for employment; the interplay between membership and workplace safeguard within WFs; the different reaction to shocks between WFs and profit-making firms. We do so by means of a new model of WFs short-run behavior in mixed duopoly. We consider an industry in which a WF competes with a profit maximizing company and we innovate with respect to the conventional Illyrian objective function. We then reconcile the literature on labor-concerned maximands in competitive markets and the one dealing with WFs in oligopolistic markets under the Illyrian maximand.

The Dynamics of Corporate Social Responsibility

Author : Maria Aluchna
Publisher : Springer
ISBN 13 : 3319390899
Total Pages : 355 pages
Book Rating : 4.3/5 (193 download)

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Book Synopsis The Dynamics of Corporate Social Responsibility by : Maria Aluchna

Download or read book The Dynamics of Corporate Social Responsibility written by Maria Aluchna and published by Springer. This book was released on 2016-12-27 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores recent developments in the theory, strategic perspective and international practice of corporate social responsibility. In particular it discusses the consequences of the economic slowdown apparent in many economies and the impact of changes in the regulatory environment. It consists of three parts: Part one addresses a variety of theoretical approaches as well as the dynamics and criticism of corporate social responsibility. It takes into account social and governmental expectations for the new and extended role of companies in the economy and in society, and provides a new context and theoretical assumptions regarding the functions and tasks of corporate social responsibility. Part two discusses the practical aspects relating to strategic management and corporate governance, corporate disclosure and reporting, as well as the empowerment of stakeholders. Lastly, part three focuses on the international practice of corporate social responsibility in various organizational and institutional settings. Using numerous case studies, the book explores the challenges and tasks of CSR in emerging markets, in the fashion industry and in global and family companies. It identifies the changes that can be detected following the financial crisis, closing the loop and linking the empirical findings with the revised theoretical framework.

Introduction to Business

Author : Lawrence J. Gitman
Publisher :
ISBN 13 :
Total Pages : 1455 pages
Book Rating : 4./5 ( download)

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Book Synopsis Introduction to Business by : Lawrence J. Gitman

Download or read book Introduction to Business written by Lawrence J. Gitman and published by . This book was released on 2024-09-16 with total page 1455 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License.

Public Enterprise Economics

Author : Dieter Bös
Publisher : Elsevier
ISBN 13 : 1483193233
Total Pages : 480 pages
Book Rating : 4.4/5 (831 download)

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Book Synopsis Public Enterprise Economics by : Dieter Bös

Download or read book Public Enterprise Economics written by Dieter Bös and published by Elsevier. This book was released on 2014-07-15 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advanced Textbooks in Economics, Volume 23: Public Enterprise Economics: Theory and Application focuses on economics, mathematical economics, and econometrics, including microeconomics, marginal-cost pricing, taxes, and income effects. The manuscript takes a look at the essential parts of public sector pricing models, normative optimum theory, and normative piecemeal theory. Discussions focus on welfare improvements with non-tight constraints, welfare -improving increases of public inefficiency, conditions for optimal prices and quantities, compensating for income effects, and conditions for optimal quality. The book then ponders on marginal-cost pricing, Ramsey pricing, rate of return regulation, and pricing with distributional aims. Topics include comparing distributional and allocative pricing, prices versus taxes, optimum Ramsey policy, influence of Ramsey prices on allocation, distribution, and stabilization, and consequences for allocation, distribution, and stabilization. The publication examines bus and underground services in London, economic theory and empirical analysis, and different approaches towards optimal quality, including empirical studies on bus and underground demand, organizational and political history, and microeconomics of the representative consumer. The book is a valuable source of data for researchers interested in public enterprise economics.

Board Directors and Corporate Social Responsibility

Author : S. Boubaker
Publisher : Springer
ISBN 13 : 0230389309
Total Pages : 504 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Board Directors and Corporate Social Responsibility by : S. Boubaker

Download or read book Board Directors and Corporate Social Responsibility written by S. Boubaker and published by Springer. This book was released on 2012-11-14 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume introduces readers to recent developments in the fields of board of directors and corporate social responsibility. It also provides new insights and perspectives on corporate governance practices in different countries.

Handbook of Production Economics

Author : Subhash C. Ray
Publisher : Springer Nature
ISBN 13 : 9811034559
Total Pages : 1797 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Handbook of Production Economics by : Subhash C. Ray

Download or read book Handbook of Production Economics written by Subhash C. Ray and published by Springer Nature. This book was released on 2022-06-02 with total page 1797 pages. Available in PDF, EPUB and Kindle. Book excerpt: This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.

Varieties of Capitalism

Author : Peter A. Hall
Publisher : Oxford University Press
ISBN 13 : 0199247749
Total Pages : 557 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Varieties of Capitalism by : Peter A. Hall

Download or read book Varieties of Capitalism written by Peter A. Hall and published by Oxford University Press. This book was released on 2001 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.

The Economics of Firm Size, Market Structure, and Social Performance

Author : John J. Siegfried
Publisher :
ISBN 13 :
Total Pages : 400 pages
Book Rating : 4.:/5 (2 download)

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Book Synopsis The Economics of Firm Size, Market Structure, and Social Performance by : John J. Siegfried

Download or read book The Economics of Firm Size, Market Structure, and Social Performance written by John J. Siegfried and published by . This book was released on 1980 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Economic Theory of Managerial Firms

Author : Luca Lambertini
Publisher : Routledge
ISBN 13 : 1317218256
Total Pages : 265 pages
Book Rating : 4.3/5 (172 download)

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Book Synopsis An Economic Theory of Managerial Firms by : Luca Lambertini

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.

Nonlinear Oligopolies

Author : Gian Italo Bischi
Publisher : Springer Science & Business Media
ISBN 13 : 3642021069
Total Pages : 340 pages
Book Rating : 4.6/5 (42 download)

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Book Synopsis Nonlinear Oligopolies by : Gian Italo Bischi

Download or read book Nonlinear Oligopolies written by Gian Italo Bischi and published by Springer Science & Business Media. This book was released on 2009-12-01 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the latest trends, methods and results in nonlinear dynamics with a special focus on oligopolies. It contains a number of technical appendices that summarize techniques of global dynamics not easily accessible elsewhere.

New Developments in the Analysis of Market Structure

Author : International Economic Association
Publisher : MIT Press
ISBN 13 : 9780262690935
Total Pages : 588 pages
Book Rating : 4.6/5 (99 download)

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Book Synopsis New Developments in the Analysis of Market Structure by : International Economic Association

Download or read book New Developments in the Analysis of Market Structure written by International Economic Association and published by MIT Press. This book was released on 1986 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: These contributions discuss a number of important developments over the past decade in a newly established and important field of economics that have led to notable changes in views on governmental competition policies. They focus on the nature and role of competition and other determinants of market structures, such as numbers of firms and barriers to entry; other factors which determine the effective degree of competition in the market; the influence of major firms (especially when these pursue objectives other than profit maximization); and decentralization and coordination under control relationships other than markets and hierarchies.ContributorsJoseph E. Stiglitz, G. C. Archibald, B. C. Eaton, R. G. Lipsey, David Enaoua, Paul Geroski, Alexis Jacquemin, Richard J. Gilbert, Reinhard Selten, Oliver E. Williamson, Jerry R. Green, G. Frank Mathewson, R. A. Winter, C. d'Aspremont, J. Jaskold Gabszewicz, Steven Salop, Branko Horvat, Z. Roman, W. J. Baumol, J. C. Panzar, R. D. Willig, Richard Schmalensee, Richard Nelson, Michael Scence, and Partha Dasgupta