نتایج جستجو برای: cournot equilibrium
تعداد نتایج: 129952 فیلتر نتایج به سال:
Abstract This paper introduces into the discussion of stability quantity-oligopoly equilibrium, role that slope marginal utility curve and market entry in shaping equilibrium its stability. It does so by considering inverse multivariate linear demand functions notion related to mean value theorem. The cluster Cournot sellers is determined dictated this theorem rate decline product under conside...
The electricity industry that has been administrated with integrated vertical structure worldwide is now undergoing dramatic changes. Electricity industry is converting to a competitive industry in which market powers determine the price of electricity, there for it is important to identify market power. The Electricity Market of Iran and Iran Grid Management Company were established in 2003 an...
We introduce a small cost of leading (small gain from waiting) in the two-player action commitment game formulated by Hamilton and Slutsky (1990). We investigate a quantity competition model with linear demand and constant marginal costs. We find that there exists a unique randomized strategy equilibrium as long as the leading cost is positive and not too large. The randomized strategy equilibr...
This paper analyzes equilibrium and welfare for a tractable class of economies (games) that have externalities, strategic complementarity or substitutability, and heterogeneous information. First, we characterize the equilibrium use of information: complementarity heightens the sensitivity of equilibrium actions to public information, raising aggregate volatility, whereas substitutability heigh...
The standard assumption in the efficiency literature that firms desire to produce on the production frontier may not hold in an oligopolistic market where the production decisions of all firms will determine the market price, i.e. an increase in a firm’s output level leads to a lower market clearing price and potentially-lower profits. This paper models both the production possibility set and t...
This article adds technology choice to a free-entry Cournot model with linear demand and constant marginal costs. Firms can choose from a discrete set of technologies. This simple framework yields non-existence of equilibrium, existence of multiple equilibria and equilibria in which ex-ante identical ̄rms choose di®erent technologies as possible outcomes. I provide a full characterization of th...
This communication is concerned with the existence of equilibrium in Cournot’s model of oligopoly [2, Chap. VII]. This question, of course, has been examined often (see, e.g., [l-3]). To our knowledge, however, all previous treatments of the problem have assumed (either directly or indirectly) that the reaction curves of the firms are single-valued continuous functions or convex-valued, upper h...
The purpose of our thesis "Strategic Pro t Sharing Between Firms" is to study the e¤ects of the unilateral and unconditional pro t sharing strategy on rmsbehavior. The basic model is a two-stage game. In the rst stage, rms decide simultaneously what part of their pro ts to give away to their rival and then, in a second stage, the equilibrium price and quantities are determined. Notice that ...
This paper characterizes the set of Nash equilibria in a price setting duopoly in which firms have limited capacity, and in which unit costs of production up to capacity may differ. Assuming concave revenue and efficient rationing, we show that the case of different unit costs involves a tractable generalization of the methods used to analyze the case of identical costs. However, the supports o...
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