The Resource Dynamic countervailing power under public and private monitoring, V Bhaskar, (electronic resource)

Dynamic countervailing power under public and private monitoring, V Bhaskar, (electronic resource)

Label
Dynamic countervailing power under public and private monitoring
Title
Dynamic countervailing power under public and private monitoring
Statement of responsibility
V Bhaskar
Creator
Contributor
Author
Subject
Language
eng
Summary
We examine buyer strategic power in the model of dynamic Bertrand-Edgeworth competition. Two sellers with a limited inventory sell to a single buyer, who has a consumption opportunity in each period. The market power of the sellers is offset by the strategic power of the buyer. By not consuming in any period, the buyer can destroy a unit of demand, thereby intensifying future price competition. If transactions are publicly observed, we find that that a strategic buyer can do significantly better than non-strategic buyers; strategic power may also give rise to inefficiencies. However, if an agent only perfectly observes those transactions in which he is directly involved, and imperfectly observes other transactions, the strategic power of the buyer is reduced, and in some cases, may be completely eliminated. This highlights the sharp discontinuity between the equilibrium outcomes between perfect and imperfect monitoring
Member of
Cataloging source
GZM
http://library.link/vocab/creatorName
Bhaskar, V.
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
Centre for Economic Policy Research (Great Britain)
Series statement
  • Discussion paper series,
  • Industrial organization
Series volume
no. 9526
http://library.link/vocab/subjectName
  • Competition
  • Game theory
Label
Dynamic countervailing power under public and private monitoring, V Bhaskar, (electronic resource)
Link
http://www.cepr.org.ezproxy.eui.eu/content/discussion-papers
Instantiates
Publication
Note
  • "July 2013."
  • "Submitted 18 June 2013."
Bibliography note
Includes bibliographical references (pages 27-29)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17469028
Extent
1 online resource (29 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
c
Specific material designation
remote
System control number
(OCoLC)851484045
Label
Dynamic countervailing power under public and private monitoring, V Bhaskar, (electronic resource)
Link
http://www.cepr.org.ezproxy.eui.eu/content/discussion-papers
Publication
Note
  • "July 2013."
  • "Submitted 18 June 2013."
Bibliography note
Includes bibliographical references (pages 27-29)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17469028
Extent
1 online resource (29 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
c
Specific material designation
remote
System control number
(OCoLC)851484045

Library Locations

    • Badia FiesolanaBorrow it
      Via dei Roccettini 9, San Domenico di Fiesole, 50014, IT
      43.803074 11.283055
Processing Feedback ...