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Author : Xiangkang Yin
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.3/5 ( download)
Download or read book Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes written by Xiangkang Yin and published by . This book was released on 1995 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Xiangkang Yin
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes written by Xiangkang Yin and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a simple model of two-stage duopoly game, this paper shows that Bertrand-like price competition on a differentiated goods market, following a simultaneous endogenous choice of production capacity, yields the Cournot-like outcomes.
Author : Philipp Renner
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Quantity Precommitment and Bertrand Competition written by Philipp Renner and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we look at a new way to combine both quantity precommitment and price competition in a dynamic games framework. In each period players choose to invest in production capacities for the next period and also engage in a price competition. Production is free up to capacity and has steeply increasing costs if exceeded. The demand is allocated according to a quadratic utility function, which allows for product differentiation. This way we avoid rationing rules, that are frequently used in these kind of models. We use real algebraic geometry to explicitly solve the subgames played each period. This information allows us to guess that the value function is piecewise quadratic. Our results are that if costs for exceeding production capacity go to infinity, then the equilibrium converges to an extreme case, where production is free up to capacity and excess has infinite marginal cost. This limiting approach allows us to compare our model to the ones with homogeneous goods and rationing. We also construct a similar Cournot like model as a benchmark. Computational experiments show that, in the limit, the outcome of the price competition with quantity precommitment equals the one in the Cournot case. This extends a similar result for static two stage games. However if we move away from the limit case, i.e. to a case where marginal costs are finite, the two models no longer agree.
Author : Norbert Schulz
Publisher :
ISBN 13 :
Total Pages : 6 pages
Book Rating : 4.:/5 (247 download)
Download or read book A Comment on Yin, Xiangkang and Yew-kwang Ng written by Norbert Schulz and published by . This book was released on 1999 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Beth Allen
Publisher :
ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.3/5 ( download)
Download or read book Capacity Precommitment as a Barrier to Entry written by Beth Allen and published by . This book was released on 1995 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David M. Kreps
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (816 download)
Download or read book Cournot Pre-commitment and Bertrand Competition Yield Cournot Outcomes written by David M. Kreps and published by . This book was released on 1982 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Xiangkang Yin
Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (131 download)
Download or read book Quality Precommitment and Bertrand Competition Yield Cournot Outcomes written by Xiangkang Yin and published by . This book was released on 1995 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dermot Leahy
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.E/5 ( download)
Download or read book Learning by Doing, Precommitment and Infant-industry Protection written by Dermot Leahy and published by . This book was released on 1995 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Goodwin
Publisher :
ISBN 13 :
Total Pages : 10 pages
Book Rating : 4.:/5 (837 download)
Download or read book Quantity Precommitment with Price Competition Versus Quantity Precommitment with Market Clearing Prices in the Laboratory written by David Goodwin and published by . This book was released on 2009 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andrew F. Daughety
Publisher : Cambridge University Press
ISBN 13 : 0521361761
Total Pages : 455 pages
Book Rating : 4.5/5 (213 download)
Download or read book Cournot Oligopoly written by Andrew F. Daughety and published by Cambridge University Press. This book was released on 1988 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume focuses on the properties and uses of Cournot's model of competition among the few.
Author : James Friedman
Publisher : CUP Archive
ISBN 13 : 9780521282444
Total Pages : 262 pages
Book Rating : 4.2/5 (824 download)
Download or read book Oligopoly Theory written by James Friedman and published by CUP Archive. This book was released on 1983-09-30 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: James Friedman provides a thorough survey of oligopoly theory using numerical examples and careful verbal explanations to make the ideas clear and accessible. While the earlier ideas of Cournot, Hotelling, and Chamberlin are presented, the larger part of the book is devoted to the modern work on oligopoly that has resulted from the application of dynamic techniques and game theory to this area of economics. The book begins with static oligopoly theory. Cournot's model and its more recent elaborations are covered in the first substantive chapter. Then the Chamberlinian analysis of product differentiation, spatial competition, and characteristics space is set out. The subsequent chapters on modern work deal with reaction functions, advertising, oligopoly with capital, entry, and oligopoly using noncooperative game theory. A large bibliography is provided.
Author : John Eatwell
Publisher : Springer
ISBN 13 : 1349202150
Total Pages : 321 pages
Book Rating : 4.3/5 (492 download)
Download or read book Allocation, Information and Markets written by John Eatwell and published by Springer. This book was released on 1989-09-21 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an extract from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This volume concentrates on the topic of allocation information and markets.
Author : Antoine Augustin Cournot
Publisher :
ISBN 13 :
Total Pages : 242 pages
Book Rating : 4.A/5 ( download)
Download or read book Researches Into the Mathematical Principles of the Theory of Wealth written by Antoine Augustin Cournot and published by . This book was released on 1897 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sheldon Kimmel
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.F/5 ( download)
Download or read book Bertrand Competition Without Completely Certain Production written by Sheldon Kimmel and published by . This book was released on 2002 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Josef Drexl
Publisher : Edward Elgar Publishing
ISBN 13 : 0857930338
Total Pages : 361 pages
Book Rating : 4.8/5 (579 download)
Download or read book Competition Policy and the Economic Approach written by Josef Drexl and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: This outstanding collection of original essays brings together some of the leading experts in competition economics, policy and law. They examine what lies at the core of the .economic approach to competition law' and deal with its normative and institutional limitations. In recent years the more .economic approach' has led to a modernisation of competition law throughout the world. This book comprehensivelyexamines for the first time, the foundations and limitations of the approach and will be of great interest to scholars of competition policy no matter what discipline. Competition Policy and the Economic Approach will appeal to academics in competition economics and law, policy-makers and practitioners in the field of antitrust/competition law as well as postgraduate students in competition law and economics. Those interested in the interplay of law and economicsin the field of competition will also find this book invaluable.
Author : George Norman
Publisher : Cambridge University Press
ISBN 13 : 1139428586
Total Pages : 309 pages
Book Rating : 4.1/5 (394 download)
Download or read book Market Structure and Competition Policy written by George Norman and published by Cambridge University Press. This book was released on 2000-11-30 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2000 text applies modern advances in game theory to the analysis of competition policy and develops some of the theoretical and policy concerns associated with the pioneering work of Louis Phlips. Containing contributions by leading scholars from Europe and North America, this book observes a common theme in the relationship between the regulatory regime and market structure. Since the inception of the new industrial organization, economists have developed a better understanding of how real-world markets operate. These results have particular relevance to the design and application of anti-trust policy. Analyses indicate that picking the most competitive framework in the short run may be detrimental to competition and welfare in the long run, concentrating the attention of policy makers on the impact on the long-run market structure. This book provides essential reading for graduate students of industrial and managerial economics as well as researchers and policy makers.
Author : David M. Kreps
Publisher : Princeton University Press
ISBN 13 : 0691202753
Total Pages : 870 pages
Book Rating : 4.6/5 (912 download)
Download or read book A Course in Microeconomic Theory written by David M. Kreps and published by Princeton University Press. This book was released on 2020-05-26 with total page 870 pages. Available in PDF, EPUB and Kindle. Book excerpt: David M. Kreps has developed a text in microeconomics that is both challenging and "user-friendly." The work is designed for the first-year graduate microeconomic theory course and is accessible to advanced undergraduates as well. Placing unusual emphasis on modern noncooperative game theory, it provides the student and instructor with a unified treatment of modern microeconomic theory--one that stresses the behavior of the individual actor (consumer or firm) in various institutional settings. The author has taken special pains to explore the fundamental assumptions of the theories and techniques studied, pointing out both strengths and weaknesses. The book begins with an exposition of the standard models of choice and the market, with extra attention paid to choice under uncertainty and dynamic choice. General and partial equilibrium approaches are blended, so that the student sees these approaches as points along a continuum. The work then turns to more modern developments. Readers are introduced to noncooperative game theory and shown how to model games and determine solution concepts. Models with incomplete information, the folk theorem and reputation, and bilateral bargaining are covered in depth. Information economics is explored next. A closing discussion concerns firms as organizations and gives readers a taste of transaction-cost economics.
