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On the Comparison of Price and Quantity Competition : What Type of Competition is most preferred? - Jill Thinnes
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Jill Thinnes:

On the Comparison of Price and Quantity Competition : What Type of Competition is most preferred? - Livres de poche

2011, ISBN: 3844317287

[EAN: 9783844317282], Neubuch, [PU: LAP LAMBERT Academic Publishing], nach der Bestellung gedruckt Neuware - Printed after ordering - In a monopoly, the equilibrium outcome is the same no… Plus…

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On the Comparison of Price and Quantity Competition Jill Thinnes Author
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ISBN: 9783844317282

In a monopoly, the equilibrium outcome is the same no matter if firms compete on price or on quantity. However, lots of firms have visible rivals with whom strategic interaction is a fact… Plus…

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On the Comparison of Price and Quantity Competition What Type of Competition is Most Preferred - Livres de poche

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ISBN: 9783844317282

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Thinnes, Jill:
On the Comparison of Price and Quantity Competition: What Type of Competition is most preferred? - Livres de poche

ISBN: 9783844317282

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Thinnes, Jill:
On the Comparison of Price and Quantity Competition - Livres de poche

2011, ISBN: 9783844317282

Trade paperback, New., Trade paperback (US). Glued binding. 68 p., Saarbrucken, [PU: LAP Lambert Academic Publishing]

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On the Comparison of Price and Quantity Competition Jill Thinnes Author

In a monopoly, the equilibrium outcome is the same no matter if firms compete on price or on quantity. However, lots of firms have visible rivals with whom strategic interaction is a fact of life. This is known as imperfect competition. With imperfect competition, competing on price will lead to a different outcome than competing on quantity. Each firm needs to analyze what strategy, price or quantity, brings the highest profit for the firm and the highest surplus for the consumer. In order to compare and contrast price and quantity competition, two classical models of duopoly, the Cournot and the Bertrand model, are introduced. These two models can be analyzed according to different setups. Homogeneous and heterogeneous goods are considered. Also, it is important to distinguish between simultaneous and sequential move of the firms in their strategic interaction. The sequential choosing of actions makes the game dynamic and is known as the Stackelberg game. Furthermore, it is necessary to distinguish between exogenous and endogenous moving time decision of the firms. This analysis should be especially useful to students and researchers in Microeconomics.

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EAN (ISBN-13): 9783844317282
ISBN (ISBN-10): 3844317287
Version reliée
Livre de poche
Date de parution: 2011
Editeur: KS OmniScriptum Publishing Core >1

Livre dans la base de données depuis 2008-04-22T16:52:31+02:00 (Zurich)
Page de détail modifiée en dernier sur 2023-12-10T07:08:09+01:00 (Zurich)
ISBN/EAN: 9783844317282

ISBN - Autres types d'écriture:
3-8443-1728-7, 978-3-8443-1728-2
Autres types d'écriture et termes associés:
Auteur du livre: stackelberg
Titre du livre: competition, most


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