Relative Profit
Equivalance of Cournot and Bertrand equilibria in differentiated duopoly under relative profit maximization with linear demand
... its relative profit that is the difference between its profit and the profit of the rival ...maximize relative profits, a Cournot equilibrium and a Bertrand equilibrium coincide, and ...
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Relative profit maximization and equivalence of Cournot and Bertrand equilibria in asymmetric duopoly
... under relative profit maximiza- tion in the sense that the equilibrium outputs and prices at the Cournot equilibrium and those at the Bertrand equilibrium are ...
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Relative profit maximization in asymmetric oligopoly: Cournot and Bertrand equilibria
... Relative profit maximization with a homogeneous good By Vega-Redondo (1997), in a framework of evolutionary game theoretic model, it was shown that in an oligopoly in which firms produce a homogeneous good ...
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Choice of strategic variables by relative profit maximizing firms in oligopoly
... This paper studies the choice of strategic variables by firms in a symmetric oligopoly in which each firm produces differentiated goods and maximizes its relative profit that is the difference between its ...
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Incentive for adoption of new technology in duopoly under absolute and relative profit maximization
... absolute profit maximization there are three types of sub-game perfect equilibria de- pending on the value of set-up ...under relative profit maximization there are two sub-game perfect ...under ...
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The Retailers’ Choices of Profit Strategies in a Cournot Duopoly: Relative Profit and Pure Profit
... about relative profit in recent ...on relative profits rather than pure profits in the context of evolutionary ...lized relative profit-maximizing private ...using relative ...
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Irrelevance of conjectural variation in duopoly under relative profit maximization and consistent conjectures
... We study the equilibrium with quantity setting behavior and price setting behavior of firms in duopoly under relative profit maximization with constant conjectural varia- tions. Conjectural variation in ...
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Choice of strategic variables under relative profit maximization in asymmetric oligopoly: non-equivalence of price strategy and quantity strategy
... under relative profit maximization by firms in an asymmetric oligopoly with differentiated substitutable goods such that there are three firms, Firm 1, 2 and 3, demand functions are linear and symmetric, ...
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Relative profit maximization and irrelevance of leadership in Stackelberg model
... We study the Stackelberg equilibrium in a symmetric duopoly with differentiated goods in which each firm maximizes its relative profit that is the difference between its profit and the profit ...
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Relative profit maximization in asymmetric oligopoly
... the relative profit of the objective functions of their firms and then firms face quantity competition, the owners choose positive weight on the relative profit, but pure relative ...
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Choice of strategic variables under relative profit maximization in asymmetric oligopoly: non equivalence of price strategy and quantity strategy
... We think that seeking for relative profit or utility is based on the nature of human. Even if a person earns a big money, if his brother/sister or close friend earns a bigger money than him, he is not ...
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Nonlinear dynamics in a Cournot duopoly with relative profit delegation
... on relative performance evaluations) have recently received in depth attention in both the theoretical and empirical industrial economics ...on relative (profit) ...
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Relative profit maximization and Bertrand equilibrium with quadratic cost functions
... maximizing relative profit instead of absolute profit has aroused the interest of ...of relative profit maximization see Schaf- fer (1989), Vega-Redondo (1997), Lundgren (1996), Kockesen ...under ...
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Irrelevance of the choice of strategic variables in duopoly under relative profit maximization
... its relative profit that is the difference between its profit and the profit of the rival ...their relative profits, the choice of strategic variables is irrelevant to the outcome of the game in the sense that ...
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On the equivalence of Stackelberg equilibrium and static equilibrium of symmetric multi players zero sum game
... In the next section, using a model of relative profit maximization in an oligopoly with four firms, we show that the Stackelberg equilibrium is not equivalent to the static Cournot equil[r] ...
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Overconfidence, Risk Aversion and Individual Financial Decisions in Experimental Asset Markets
... as relative profit, and several explanatory variables: the normalized bias score (NBS), gender dummy (takes value 1 if subject is male), average trading activity (Trading activity), an interaction term ...
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A test of speculative arbitrage : is the cross section of volatility invariant?
... This paper builds upon and extends existing market microstructure theories to test whether spec- ulators arbitrage away abnormal profit opportunities across assets and trading conditions. Our paper derives ...
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First Commission report to the Council on the transposed annual accounts of railway undertakings 1977. COM (79) 660 final, 26 November 1979
... present the stnrcture of the balance sheets atrd, profit and loss accounts in percentages in ord.er to highlight the relative lnoportance of cerbain itens-whilst Table lJ analyses the ex[r] ...
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WOBPPC01
... A for-profit business produces or sell goods and services to satisfy the needs, wants, and demands of consumers for the purpose of a making profit.. Non-profit and Not-for-profit Organ[r] ...
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E.M.T.S. Limited v. MTN Communications Limited & Another: Boon or Bane to Enforcement of Competition Law in Nigeria’s Telecommunications Sector?
... In Pittsburgh, Pennsylvania, the fabric of the city is dominated by a fierce rivalry in the marketplace for health care and health insurance. The University of Pittsburgh Medical Center (UPMC) dominates the landscape on ...
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