Stackelberg mixed duopoly with a foreign competitor

Article Abstract:

This paper shows that when a state-owned public firm and a foreign-owned private firm compete, contrary to Pal (1998), the public company should be the leader and does become the leader in the endogenous role game. Additionally, contrary to Ono (1990), elimination of a foreign does not improve domestic welfare in mixed oligopolies.

Other General Government Support, Government Enterprises-Total Govt, Foreign corporations, Government business enterprises, Public enterprises

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Forward markets and the behaviour of the competitive firm with production flexibility

Article Abstract:

This paper shows: that a firm optimally acquires a higher level of capacity investment than a company without such production flexibility; and production flexibility allows a firm to use production decision to hedge against output price risk.

Production management, Hong Kong, Business, Business research

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Nash equilibria in pure strategies

Article Abstract:

This paper presents evidence that if the pay-off functions are continuous for an n-person, non-zero-sum non-cooperative game, and taking into consideration other factors, the game possesses a pure strategy Has equilibrium.

France, Mathematical models

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