Does information about competitors' actions increase or decrease competition in experimental oligopoly markets?

Article Abstract:

A new study investigates the impact of firm-specific information flows on the competitiveness of oligopoly markets.

---

The limited liability effect in experimental duopoly markets

Article Abstract:

An attempt is made by considering three different scenarios namely quantity competition, price competition with cost uncertainty and price competition with demand uncertainty to investigate the effects limited liability has on firm's own behavior, on rival firm's behavior, and whether firms choose debt strategically. The results support the theoretical prediction that demand and cost uncertainty have opposing effects on the strategic choice of debt.

Science & research, Evaluation, Influence, Leverage (Finance), Leverage, Duopolies

---

A dynamic model of Bertrand competition with entry

Article Abstract:

A repeated game wherein pricing occurs simultaneously with entry was analyzed using the framework of Bertrand competition. Results show a symmetric equilibrium solution which states that if there is an increase in the number of potential competitors, there is a higher probability for market break down. This implies that welfare is lessened by more potential competition. The model used in the research could also be used to analyze the effects of revenue maximizing auctioneer on the number of costly bidders.

International Affairs, Intnl Business Organizations, Pricing

Similar abstracts:

• Abstracts: Pfizer to sell incontinence drug to defuse competition concerns. Elan shopping spree in U.S. nets Dura Pharmaceuticals
• Abstracts: An analysis of product category restrictions in advertising in four major East Asian markets. Foreign market entry strategies of Japanese MNCs
• Abstracts: A object relational approach for the design of decision support systems. Allocation of tasks to specialized processors: A planning approach
• Abstracts: BP fuels new economy on the Street; Wishlist.com customers can pick up orders while topping off the tank. Lukoil confirms it has been offered control of Avanti
• Abstracts: Accor's Shares Climb as Investors Cheer Its Sale of European Stake. NH Hoteles of Spain reports 1999 net income surged 150%

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.