Within an incomplete-information framework, we develop a model of wage determination in a unionized Cournot oligopoly. The assumption of incomplete information allows the possibility of strikes or ...

Pierre Bernhard (Université Côte d’Azur, INRIA) and Marc Deschamps (Université de Bourgogne Franche-Comté, CRESE) discuss Cournot oligopoly with randomly arriving producers. ABSTRACT: Cournot model of ...

Suppose differentiated firms compete in quantities. This paper derives a formula for the minimum cost savings that would offset the incentive to increase price created by a merger. The formula depends ...

Economic Theory, Vol. 70, No. 4, Special Issue: Supermodularity and Monotonicity in Economics (November 2020), pp. 1139-1164 (26 pages) This paper investigates the effects of exogenous entry on market ...

Game theory has long served as a cornerstone in understanding competitive strategies in markets where few firms operate. In particular, duopoly and oligopoly frameworks illustrate how firms’ strategic ...