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On the Comparison of Price and Quantity Competition - Jill Thinnes
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Jill Thinnes:
On the Comparison of Price and Quantity Competition - Taschenbuch

ISBN: 3844317287

ID: 10797710451

[EAN: 9783844317282], Neubuch, [PU: LAP LAMBERT Academic Publishing], JILL THINNES,ECONOMICS,POPULAR ECONOMICS, Paperback. 68 pages. Dimensions: 8.7in. x 5.9in. x 0.2in.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. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN.

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On the Comparison of Price and Quantity Competition - Jill Thinnes
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Jill Thinnes:
On the Comparison of Price and Quantity Competition - Taschenbuch

ISBN: 9783844317282

ID: 594501944

LAP Lambert Academic Publishing. Paperback. New. Paperback. 68 pages. Dimensions: 8.7in. x 5.9in. x 0.2in.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. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN., LAP Lambert Academic Publishing

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On the Comparison of Price and Quantity Competition (Paperback) - Jill Thinnes
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Jill Thinnes:
On the Comparison of Price and Quantity Competition (Paperback) - Taschenbuch

2011, ISBN: 3844317287

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[EAN: 9783844317282], Neubuch, [PU: LAP Lambert Academic Publishing, Germany], Language: English . Brand New Book. 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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ISBN: 9783844317282

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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. Bücher / Sozialwissenschaften, Recht & Wirtschaft / Wirtschaft

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On the Comparison of Price and Quantity Competition - Thinnes, Jill
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Thinnes, Jill:
On the Comparison of Price and Quantity Competition - Taschenbuch

2011, ISBN: 3844317287

Gebundene Ausgabe, ID: 10396859

What Type of Competition is most preferred? - Buch, gebundene Ausgabe, 68 S., Beilagen: Paperback, Erschienen: 2011 LAP Lambert Acad. Publ.

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On the Comparison of Price and Quantity Competition

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.

Detailangaben zum Buch - On the Comparison of Price and Quantity Competition


EAN (ISBN-13): 9783844317282
ISBN (ISBN-10): 3844317287
Gebundene Ausgabe
Taschenbuch
Erscheinungsjahr: 2011
Herausgeber: AV Akademikerverlag GmbH & Co. KG.

Buch in der Datenbank seit 22.04.2008 16:52:31
Buch zuletzt gefunden am 12.12.2016 21:24:48
ISBN/EAN: 9783844317282

ISBN - alternative Schreibweisen:
3-8443-1728-7, 978-3-8443-1728-2


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