[PDF] Top 20 The codetermined firm in a Cournot duopoly: a stability analysis

... The codetermined firm in a Cournot duopoly: a stability analysis Fanti, Luciano and Gori, Luca Department of Economics, University of Pisa, Department of Law and Economics "G.L.M.. Casar[r] ... See full document

... Stability analysis in a Cournot duopoly with managerial sales delegation and bounded rationality Fanti, Luciano and Gori, Luca Department of Economics, University of Pisa, Department of [r] ... See full document

... and stability of the equilibrium when 1) only one of the two firms produces with time lags, and 2) both firms have production gestation ...the analysis of the case of homogeneous production gestation lags by ... See full document

... differentiated duopoly in which there is a two-stage game. In stage 1, each firm chooses a level of cost-reducing research and development (R&D) prior to the standard product market game played in a ... See full document

... the analysis of electricity markets where not only the supply function competition has a wide application but also the product differentiation, as recently argued in a comprehensive survey of Woo et ... See full document

... public firm and one genera- lized relative profit-maximizing private ...a firm using relative performance evalu- ation would earn more profits when its competitor chases for pure ... See full document

... a firm which strives to maximize rel- ative profit will outperform a firm which maximizes absolute ...an analysis considering an individual utility function that brings about a feeling of com- ... See full document

... compared Cournot and Bertrand competition in a mixed oligopoly without trade unions and without an endogenous type of ...and Cournot competition for private firms, a comparison of quantities and profits ... See full document

... theory terms, a variety of strategic settings has emerged based on the choice of strategic vari- ables, such as occurs in Cournot versus Bertrand equilibrium. Based on the framework of Singh and Vives (1984), ... See full document

... This study with the help of non-linear Cournot Duopoly model shows that duopoly market can be chaotic because of non-linearity. It establishes conditions for the stability of chaotic market. ... See full document

... The case of ex ante cost asymmetries has been largely ignored. Although the asymmetric case is much less tractable, there are at least three important reasons why it deserves attention. First, perfect cost symmetry is ... See full document

... quality-choosing duopoly composed of a private firm and a public firm that both decide their product qualities and outputs endogenously under a privatization policy of the public firm ... See full document

... public firm as a weighted average of welfare and ...public firm would be endogenous and equal to the associate Lagrangian ...public firm, while a negative relation may occur in equilibrium if ... See full document

... In the next section we will informally review why small-numbers competition among profit-seeking firms inherently generates incentives for them to commit to pursue an objective other than profit. Section 3 will apply the ... See full document

... Remark. Comparing the figure 5.1 with the figure 5.2 we may observe that the benefit to the community in case of asymmetry decreases; in fact the area contained in the first quadrant is greater than the symmetric case ... See full document

... The reasoning was simple: if the equations governing an economy were convergent, stability would arise. If divergent, according to 19 th century mathematics, the economy should tear itself apart with runaway ... See full document

... Complete Analysis of Differentiable Games (introduced by ...classic Cournot Duopoly (1838), classic oligopolistic market in which there are two enterprises producing the same commodity and selling it ... See full document

... asymmetric duopoly with linear demand functions the Cournot equilib- rium and the Bertrand equilibrium are equivalent under relative profit maximiza- tion in the sense that the equilibrium outputs and ... See full document

... Stability analysis in a Bertrand duopoly with different product quality and heterogeneous expectations Fanti, Luciano and Gori, Luca Department of Economics, University of Pisa, Departme[r] ... See full document

... The remainder of this paper is organized as follows. In Section 2, we formulate the quantity-setting and price- setting duopolistic model with differentiated and substi- tutable goods composed of one consumer-friendly ... See full document