منابع مشابه
Price vs. Quantity in Oligopoly Games
Price-setting and quantity-setting oligopoly games lead to extremely different outcomes in the market. One natural way to address this problem is to formulate a model in which some firms use price while the remaining firms use quantity as their decision variable. We introduce a mixed oligopoly game of this type and determine its equilibria. In addition, we consider an extension of this mixed ol...
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This paper presents a hybrid equilibrium notion that blends together the ’cooperative’ and the ’noncooperative’ theories of competition. In particular, the notion of the bargaining set, originally proposed by Mas-Colell, has been modified in order to accommodate the features of strategic market games. In other words, allocations, objections and counterobjections of the standard bargaining set t...
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Players may be allowed to both buy and sell the same commodity in a strategic market game. Any outcome of such a game can also be obtained as an outcome of a game in which players either buy or sell. We present a robust example to show that an equilibrium allocation of the buy and sell game may not be so in the corresponding buy or sell game as the set of achievable allocations for any player, ...
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Consider a distribution system consisting of a set of retailers facing a single-period price-dependent demand of a single product. By taking advantage of the risk-pooling effect and the quantity/volume discount provided by suppliers or thirdparty carriers, the retailers may place joint orders and keep inventory at central warehouses before demand realization, and allocate inventory among themse...
متن کاملEntry auctions and strategic behavior under cross - market price constraints
We examine how universal service provisions and price restrictions across markets impact strategic entry and pricing. We develop a simple multi-market model with an oligopolistic (profitable) urban market and entry auctions for (unprofitable) rural service. Cross-market price restrictions induce a firm operating in both markets to become a ‘softer’ competitor, thus placing the firm at a strateg...
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ژورنال
عنوان ژورنال: Econometrica
سال: 1982
ISSN: 0012-9682
DOI: 10.2307/1912532