A dynamic Cournot duopoly game, whose time evolution is modeled by the iteration of a map T : …x; y† ! …r1…y†; r2…x††, is considered. Results on the existence of cycles and more complex attractors are given, based on the study of the one-dimensional map F …x† ˆ …r1 r2†…x†. The property of multistability, i.e. the existence of many coexisting attractors (that may be cycles or cyclic chaotic sets...

this study considers the price transmission mechanism between farm and retail levels of beef market in east azerbaijan with weekly prices over 1377:1 to 1390:52 periods. to this end, using advantages of multivariate models, hansen- seo (2002)'s two- regime threshold vector error correction model (tvecm) was estimated by the maximum likelihood approach for evaluate the price transmission me...

By reviewing the existing organizational and operation arrangements of public transit system in China, this paper firstly explored a pricing competition model between profit maximizing operators and consumer surplus maximizing operators on a single route. Under this mixed duopoly market, effects of two widely used polices (fare subsidy and nationalization) on equilibrium fare changes are invest...

Abstract Background: Recent scientific research explains corporate social responsibility as an economic activity. This paper interprets a means of power to increase firms’ market share in duopoly. Objectives: analyses the duopoly model which firms decide on optimal investments and production two phases. The basic question is how significance conflict affects investments, shares, quantities, pro...

This paper demonstrates that in a duopoly model with firms being concerned about profit as well as corporate social responsibility (CSR), the outcome of game may coincide with the Stackelberg outcome. We argue that owner of the firm may use CSR orientation as a strategy to become Stackelberg leader in the quantity competition game.

In this paper, we propose a structural framework to study multi-channel demand. Our model explains a comprehensive set of demand outcomes as a function of prices and retail store proximity, including the frequency with which consumers shop, how much they spend per purchase occasion, whether they buy from the online (web) or retail channel, and how they allocate expenditures among multiple produ...

This paper presents empirical evidence that endogenous fixed costs play a central role in determining the equilibrium structure of the retail food industry. Using the framework developed in Sutton [Sutton, J. (1991). Sunk Cost and Market Structure: Price Competition, Advertising, and the Evolution of Concentration (MIT Press, Cambridge).], I construct a structural model of retail competition in...

The power of agent-based modelling (ABM), when integrated with other AI-based and conventional approaches, can be greatly enhanced. The resulting hybrid systems offer a flexible modelling environment that exploits the benefits of the component methods. In particular, the ABM paradigm can be used to explore and understand systems that are governed by complex, non-linear relationships and self-or...

Empirical studies to date have delivered mixed conclusions on the question of whether the widely acclaimed assertions of lower electronic retail (e-tail) prices are indeed true, and to what extent these benefits are able to transcend the virtual world by impacting retail prices. One explanation for the mixed conclusions is that they provide only a discrete snapshot of a limited segment of the m...

In this paper, we compare the conditions under which a government engages in corruption via bribing the media across two alternative settings: a media monopoly versus a media duopoly. A key distinction we make between the two settings is that unlike monopoly, in a duopoly a …rm’s individual capacity to expose the government may be lower than the collective capacity of both the …rms because the ...