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Wednesday, July 29, 2020 | History

2 edition of Two-stage game models of international ologopoly found in the catalog.

Two-stage game models of international ologopoly

Dermot Leahy

Two-stage game models of international ologopoly

by Dermot Leahy

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Published by University College Dublin, Department of Economics in Dublin .
Written in English

    Subjects:
  • Foreign trade regulation -- Econometric models.,
  • Foreign trade promotion -- Econometric models.,
  • Import quotas -- Econometric models.,
  • Oligopolies.

  • Edition Notes

    Includes bibliographical references.

    StatementDermot Leahy.
    SeriesWorking paper / University College Dublin, Centre for Economic Research -- WP93/6
    ContributionsUniversity College Dublin. Centre for Economic Research.
    The Physical Object
    Pagination24p. ;
    Number of Pages24
    ID Numbers
    Open LibraryOL17427502M


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Two-stage game models of international ologopoly by Dermot Leahy Download PDF EPUB FB2

We note that the Bertrand game in finance can be traced back to as early as s, when Cournot [16] and Bertrand [8] 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.

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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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