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.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 2000
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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.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 2004
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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.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 1999
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