|
|
|
| Registros recuperados: 28 | |
|
|
| Nelson, Robert G.; Beil, Richard O., Jr.. |
| This experiment demonstrates principles of decision-making in dynamic oligopolies, especially the difficulties in forming and maintaining cartels. As an illustration of firm behavior under imperfect competition, the game distinguishes between procedurally rational choices and substantively rational decisions in the context of collusive, Cournot, and competitive equilibria. The paper discusses results from an actual classroom exercise and suggests some additional variations in institutional details. Instructions for students and a spreadsheet program for producing payoff tables are provided in the appendices. |
| Tipo: Journal Article |
Palavras-chave: Teaching; Experimental economics; Oligopoly; Teaching/Communication/Extension/Profession. |
| Ano: 1995 |
URL: http://purl.umn.edu/15353 |
| |
|
| |
|
|
| Scoppola, Margherita. |
| The paper develops a two-stage capacity constrained duopoly model, in which the mode of competition is endogenous and the constraint is flexible, to investigate the impact of Tariff Rate Quotas (TRQs) and their liberalization. The model predicts that the greater the gap between the price of the licences plus the in-quota tariff and the out-of-quota tariff, the closer the outcome of the game to the pure Cournot outcome. The tariff equivalent changes according to the prevailing mode of competition under the TRQ. The model is used to address the issue of the tariffication of the non-ACP TRQ for EU banana imports. The results suggest that under the TRQ firms competed on quantity and that the tariff equivalent is higher than the tariff introduced by the EU in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Tariff rate quota; Oligopoly; Bananas; Agricultural and Food Policy; Q18; F13; L13. |
| Ano: 2009 |
URL: http://purl.umn.edu/115419 |
| |
|
|
| Fischer, Thorsten; Kamerschen, David R.. |
| We employ the Rosse-Panzar test to assess market performance in selected airport-pairs originating from Atlanta. The Rosse-Panzar test stands in the tradition of the New Empirical Industrial Organization. It is based on the comparative statics of a reduced form revenue equation. Therefore, it is less powerful than structural models, but it offers the advantage of less stringent data requirements and reduces the risk of model misspecifications. The test statistic allows us in most airport-pairs to reject both conducts consistent with the Bertrand outcome, which is equivalent to perfect competition, and the collusive outcome, which is equivalent to joint profit-maximization. Rather, the test statistic suggests that behavior is consistent with a range of... |
| Tipo: Journal Article |
Palavras-chave: Airlines; Oligopoly; Conduct; Price-cost margins; Lerner index; Rosse-Panzar test; Research Methods/ Statistical Methods; L00; L40; L93. |
| Ano: 2003 |
URL: http://purl.umn.edu/44041 |
| |
|
| |
|
|
| Hamilton, Stephen F.; Richards, Timothy J.; Stiegert, Kyle W.. |
| The effect of advertising on market performance has been a long-standing debate. Advertising that increases the dispersion of consumers’ valuations for advertised goods raises the market power of firms, while advertising that decreases the dispersion of consumers’ valuations leads to narrower price-cost margins and superior performance in markets for advertised goods. Numerous challenges confound the empirical identification of advertising effects on market performance. This paper proposes a simple method that relies on the revealed preferences of firms participating in generic advertising programs. Generic advertising programs provide a unique window through which to observe advertising effects on market performance, because changes in the dispersion of... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Advertising; Oligopoly; Marketing; L1; M37. |
| Ano: 2009 |
URL: http://purl.umn.edu/49187 |
| |
|
| |
| Registros recuperados: 28 | |
|
|
|
