منابع مشابه
Price Floors and Competition
A potential source of instability of many economic models is that agents have little incentive to stick with the equilibrium. We show experimentally that this may matter with price competition. The control variable is a price floor, which increases the cost of deviating from equilibrium. Theoretically the floor allows competitors to obtain higher profits, as low prices are excluded. However, be...
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Many have observed that political candidates running for election are often purposefully expressing themselves in vague and ambiguous terms. In this paper we provide a simple formal model of this phenomenon. We model the electoral competition between two candidates as a two-stage game. In the first stage of the game two candidates simultaneously choose their ideologies, and in the second stage ...
متن کاملInformation Provision and Price Competition
Two sellers with ex-ante identical products, whose qualities can be either high or low, first choose a binary information structure, modeled as the probability that the signal reveals the state. After the buyer independently draws one private signal from each information structure, the sellers then each choose a price in the second stage. We identify two equilibria in information structures, a ...
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ژورنال
عنوان ژورنال: Theory and Decision
سال: 2019
ISSN: 0040-5833,1573-7187
DOI: 10.1007/s11238-019-09725-4