2 edition of Two-stage game models of international ologopoly found in the catalog.
Two-stage game models of international ologopoly
by University College Dublin, Department of Economics in Dublin
Written in English
Includes bibliographical references.
|Series||Working paper / University College Dublin, Centre for Economic Research -- WP93/6|
|Contributions||University College Dublin. Centre for Economic Research.|
|The Physical Object|
|Number of Pages||24|
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We note that the Bertrand game in finance can be traced back to as early as s, when Cournot  and Bertrand  first studied oligopoly models of. Price vs. Quantity in Oligopoly Games Article in International Journal of Industrial Organization 24(3) May with Reads How we measure 'reads'Author: Attila Tasnadi.
The "oligopoly problem"—the question of how prices are formed when the market contains only a few competitors—is one of the more persistent problems in the history of economic thought. In this book Xavier Vives applies a modern game-theoretic approach to develop a theory of oligopoly pricing.
Vives begins by relating classic contributions to the field—including those of Cournot. control of the game’s outcome We can describe a game by listing the players participating in the game as well as listing the alternative actions for each player. The simple form game is a two-player game, in this case the game is modeled in a matrix where the rows are the actions of the first player, and the columns represent those of the Size: KB.
Stochastic game theory: for playing games, not just for doing theory Jacob K. Goeree and Charles A. Holt* Department of Economics, Rouss Hall, University of Virginia, Charlottesville, VA Recent theoretical advances have dramatically increased the relevance of game theory for predicting human behavior in interactive situations.
This thesis addresses the problem of pricing perishable inventories such as airline seats and hotel rooms. It also analyzes the airline seat allocation problem when two airlines compete on a single-leg flight.
Finally, several existing models for seat allocation with multiple fares on a single-leg flight are compared. The pricing framework is consistent with modern yield management tools.
A monopoly (from Greek μόνος, mónos, 'single, alone' and πωλεῖν, pōleîn, 'to sell') exists when a specific person or enterprise is the only supplier of a particular commodity. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly which consists of a few sellers dominating a market.
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California Press, Seven Printing,Berkeley, Los Angeles, m, G. A., and. Results of this two-stage game are thereforeindistinguishable from those arising from the Cournot model of the previous contrast between the Bertrand and Cournot games is striking—the formerpredicts competitive outcomes in a duopoly situation, whereas the latter predictsmonopoly-like inefficiencies.
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