Triumph over Your Rivals in Dynamic Oligopoly

Triumph over Your Rivals in Dynamic Oligopoly

Challenging the conventional belief that sophistication in strategy is always better, it was found in W. Huang 2002a that a price-taker who adopts the Cobweb strategy yields higher profits than those who adopt more sophisticated strategies. This study explores the possibility of improving further the relative profit advantage that the price-taker has over its counterparts through incorporating ...

Dynamic Bertrand Oligopoly

We study continuous time Bertrand oligopolies in which a small number of firms producing similar goods compete with one another by setting prices. We first analyze a static version of this game in order to better understand the strategies played in the dynamic setting. Within the static game, we characterize the Nash equilibrium when there are N players with heterogeneous costs. In the dynamic ...

Robert Hertz: the social triumph over death

Robert Hertz’ s foundational contribution to the sociology of death is as strikingly fresh today as when ® rst published in 1907 when Hertz, born in 1881 and killed in active service in 1915, was but 26 years old. It remained largely unknown to English speaking social science for some 50 years and increased in signi® cance only after its English translation of 1960. It now stands as a basic his...

Oligopoly: Static and Dynamic Analysis

Collaborating with your Rivals: Identifying Sources of Co-opetitive Performance

Co-opetition builds on the idea that firms cooperate to create value and create a bigger pie, and when the time comes to divide the pie they compete to appropriate value. Despite extant research on this topic, our understanding about how firms improve their performance by being engaged in co-opetive networks with their rivals is still in its infancy. Strategic research have treated the collabor...