Abstracts - faqs.org

Abstracts

Economics

Search abstracts:
Abstracts » Economics

Diversification and competition: financial intermediation in a large Cournot-Walras economy

Article Abstract:

An analysis of diversification and competition in large imperfect economies reveals that maximization of the rates of convergence requires the balancing of gains from better diversified intermediaries with that of the gains from more competition in the intermediation sector. Previous studies have tried to quantify convergence rates of diversification and competition but have been inconclusive. These studies, however, have found that the two quantities do converge in a perfectly competitive equilibrium but their true nature cannot be quantified.

Author: Yosha, Oved
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1997
Diversification in industry, Industrial diversification, Walrasian model

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Experimentation and competition

Article Abstract:

Analysis of firm behavior with regards experimentation for market information in competitive environments reveals that incentives to experiment are diluted compared with the monopoly case and that this effect is inversely proportional with the search cost. The study also reveals that several learning techniques may also emerge from this situation including penetration pricing, cream-skimming and cyclical pricing.

Author: Rob, Rafael, Fishman, Arthur
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1998
Pricing Policy, Research, Pricing, Industrial psychology, Industrial-organizational psychology

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Aggregation in a model of price competition

Article Abstract:

Firms with one product are competing for consumers in this model, which gives results for equilibrium under a variety of conditions.

Author: Peitz, Martin
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2000
Equilibrium (Physics)

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Subjects list: Analysis, Competition (Economics), Economics
Similar abstracts:
  • Abstracts: Industrial policy and competition policy: problems of interaction and lessons for Russia
  • Abstracts: Nominal rigidity and monetary uncertainty in a small open economy. Complementarity problems in GAMS and the PATH solver
  • Abstracts: General equilibrium concepts under imperfect competition: a Cournotian approach. Rational equilibrium asset-pricing bubbles in continuous trading models
  • Abstracts: Credible proposals in communication games. Hierarchies of conditional beliefs and interactive epistemology in dynamic games
  • Abstracts: Performance Standards and Incentive Pay in Agency Contracts. Labour Taxation in a Unionised Economy with Home Production
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.
Some parts © 2025 Advameg, Inc.