Table of Contents
Game Theory
Volume 2014 (2014), Article ID 631097, 10 pages
http://dx.doi.org/10.1155/2014/631097
Research Article

Extended Games Played by Managerial Firms with Asymmetric Costs

Department of Applied Economics, National University of Kaohsiung, Kaohsiung 811, Taiwan

Received 5 May 2014; Accepted 26 June 2014; Published 13 July 2014

Academic Editor: X. Henry Wang

Copyright © 2014 Leonard F. S. Wang. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Linked References

  1. N. Singh and X. Vives, “Price and quantity competition in a differentiated duopoly,” The RAND Journal of Economics, vol. 15, no. 4, pp. 546–554, 1984. View at Google Scholar
  2. M. C. López and R. A. Naylor, “The Cournot-Bertrand profit differential: a reversal result in a differentiated duopoly with wage bargaining,” European Economic Review, vol. 48, no. 3, pp. 681–696, 2004. View at Publisher · View at Google Scholar · View at Scopus
  3. J. Hsu and X. H. Wang, “On welfare under Cournot and Bertrand competition in differentiated oligopolies,” Review of Industrial Organization, vol. 27, no. 2, pp. 185–191, 2005. View at Publisher · View at Google Scholar · View at Scopus
  4. P. Zanchettin, “Differentiated duopoly with asymmetric costs,” Journal of Economics and Management Strategy, vol. 15, no. 4, pp. 999–1015, 2006. View at Publisher · View at Google Scholar · View at Scopus
  5. A. Mukherjee, “Price and quantity competition under free entry,” Research in Economics, vol. 59, no. 4, pp. 335–344, 2005. View at Publisher · View at Google Scholar · View at Scopus
  6. A. Mukherjee, U. Broll, and S. Mukherjee, “Bertrand versus cournot competition in a vertical structure: a note,” Manchester School, vol. 80, no. 5, pp. 545–559, 2012. View at Publisher · View at Google Scholar · View at Scopus
  7. M. Correa-López, “Price and quantity competition in a differentiated duopoly with upstream suppliers,” Journal of Economics and Management Strategy, vol. 16, no. 2, pp. 469–505, 2007. View at Publisher · View at Google Scholar · View at Scopus
  8. J. H. Hamilton and S. M. Slutsky, “Endogeneous timing in duopoly games: stackelberg or Cournot equilibria,” Games and Economic Behavior, vol. 2, no. 1, pp. 29–46, 1990. View at Publisher · View at Google Scholar · View at MathSciNet · View at Scopus
  9. L. Lambertini, “Extended games played by managerial firms,” The Japanese Economic Review, vol. 51, no. 2, pp. 274–283, 2000. View at Publisher · View at Google Scholar · View at Scopus
  10. L. F. S. Wang, Y.-C. Wang, and L. Zhao, “Privatization and efficiency gain in an international mixed oligopoly with asymmetric costs,” The Japanese Economic Review, vol. 60, no. 4, pp. 539–559, 2009. View at Publisher · View at Google Scholar · View at MathSciNet · View at Scopus
  11. Y. Nakamura and T. Inoue, “Endogenous timing in a mixed duopoly: price competition with managerial delegation,” Managerial and Decision Economics, vol. 30, no. 5, pp. 325–333, 2009. View at Publisher · View at Google Scholar · View at Scopus
  12. J. C. Bárcena-Ruiz and M. Sedano, “Endogenous timing in a mixed duopoly: weighted welfare and price competition,” The Japanese Economic Review, vol. 62, no. 4, pp. 485–503, 2011. View at Publisher · View at Google Scholar · View at MathSciNet · View at Scopus
  13. Y. Tomaru, Y. Nakamura, and M. Saito, “Strategic managerial delegation in a mixed duopoly with capacity choice: partial delegation or full delegation,” The Manchester School, vol. 79, no. 4, pp. 811–838, 2011. View at Publisher · View at Google Scholar · View at Scopus
  14. C. Fershtman and K. Judd, “Equilibrium incentives in oligopoly,” American Economic Review, vol. 77, pp. 927–940, 1987. View at Google Scholar
  15. S. D. Sklivas, “The strategy choice of managerial incentives,” Rand Journal of Economics, vol. 18, pp. 452–458, 1987. View at Google Scholar
  16. J. C. Bárcena-Ruiz and M. B. Espinoza, “Long-term or short-term managerial contracts,” Journal of Economics and Management Strategy, vol. 5, pp. 343–359, 1996. View at Google Scholar
  17. T. Jansen, A. van Lier, and A. van Witteloostuijn, “A note on strategic delegation: the market share case,” International Journal of Industrial Organization, vol. 25, no. 3, pp. 531–539, 2007. View at Publisher · View at Google Scholar · View at Scopus
  18. R. A. Ritz, “Strategic incentives for market share,” International Journal of Industrial Organization, vol. 26, no. 2, pp. 586–597, 2008. View at Publisher · View at Google Scholar · View at Scopus
  19. T. Jansen, A. V. Lier, and A. van Witteloostuijn, “On the impact of managerial bonus systems on firm profit and market competition: the cases of pure profit, sales, market share and relative profits compared,” Managerial and Decision Economics, vol. 30, no. 3, pp. 141–153, 2009. View at Publisher · View at Google Scholar · View at Scopus
  20. C. Manasakis, E. Mitrokostas, and E. Petrakis, “Endogenous managerial incentive contracts in a differentiated duopoly, with and without commitment,” Managerial and Decision Economics, vol. 31, no. 8, pp. 531–543, 2010. View at Publisher · View at Google Scholar · View at Scopus
  21. A. Chirco, M. Scrimitore, and C. Colombo, “Competition and the strategic choice of managerial incentives: the relative performance case,” Metroeconomica, vol. 62, no. 4, pp. 533–547, 2011. View at Publisher · View at Google Scholar · View at Scopus
  22. J. Häckner, “A note on price and quantity competition in differentiated oligopolies,” Journal of Economic Theory, vol. 93, no. 2, pp. 233–239, 2000. View at Publisher · View at Google Scholar · View at Scopus
  23. X. H. Wang, “Price and quantity competition revisited,” Economics Bulletin, vol. 4, no. 8, pp. 1–7, 2008. View at Google Scholar
  24. S. Mujumdar and D. Pal, “Strategic managerial incentives in a two-period Cournot duopoly,” Games and Economic Behavior, vol. 58, no. 2, pp. 338–353, 2007. View at Publisher · View at Google Scholar · View at Zentralblatt MATH · View at MathSciNet · View at Scopus
  25. K. Basu, “Stackelberg equilibrium in oligopoly: an explanation based on managerial incentives,” Economics Letters, vol. 49, no. 4, pp. 459–464, 1995. View at Publisher · View at Google Scholar · View at Scopus
  26. E. Gal-Or, “First mover and second mover advantages,” International Economic Review, vol. 26, no. 3, pp. 649–653, 1985. View at Publisher · View at Google Scholar · View at MathSciNet