Strategic Competition in Oligopolies with Fluctuating Demand

Strategic Competition in Oligopolies with Fluctuating Demand

Author: Leslie Neubecker

Publisher: Springer Science & Business Media

ISBN: 3540295569

Category: Business & Economics

Page: 252

View: 857

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Dynamic oligopolistic competition has implications both for the strategic management of firms and for the design of an effective competition policy. Consequently, the present book considers the issue from a private and social perspective. It discusses the potential pro- and anticollusive effects of long-term business strategies, especially for cooperation and reinvestment in production, financing and management compensation, in markets with fluctuating demand. The method of supergame theory is applied to integrate long-run decisions and different types of demand into the analysis. Aside from its contributions to the theoretical literature, the book provides valuable insights into the design of competition policy. The observed development of prices is an indicator of the extent of collusion in the market and can thereby be used to assess antitrust regulation in certain business areas, and to focus the resources of competition authorities on markets where conditions are conducive to collusion.

Strategic Competition in Oligopolies with Fluctuating Demand

Strategic Competition in Oligopolies with Fluctuating Demand

Author: Leslie Neubecker

Publisher: Springer Science & Business Media

ISBN: 9783540295570

Category: Business & Economics

Page: 235

View: 883

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Dynamic oligopolistic competition has implications both for the strategic management of firms and for the design of an effective competition policy. Consequently, the present book considers the issue from a private and social perspective. It discusses the potential pro- and anticollusive effects of long-term business strategies, especially for cooperation and reinvestment in production, financing and management compensation, in markets with fluctuating demand. The method of supergame theory is applied to integrate long-run decisions and different types of demand into the analysis. Aside from its contributions to the theoretical literature, the book provides valuable insights into the design of competition policy. The observed development of prices is an indicator of the extent of collusion in the market and can thereby be used to assess antitrust regulation in certain business areas, and to focus the resources of competition authorities on markets where conditions are conducive to collusion.

Strategic Closed-Loop Supply Chain Management

Strategic Closed-Loop Supply Chain Management

Author: Baptiste Lebreton

Publisher: Springer Science & Business Media

ISBN: 9783540389088

Category: Business & Economics

Page: 156

View: 295

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The structure of this book follows the decision-making process of Original Equipment Manufacturers investigating the potential of closed loops, including fundamental questions managers must answer when planning a circular supply chain: Does a closed loop fit corporate objectives? Is it profitable? How should OEMs deal with free-rider competition? Which product/technology/location setup leads to a profit-maximizing supply chain? The book includes case studies from the tire and the computer industry.

Financial Risk Management with Bayesian Estimation of GARCH Models

Financial Risk Management with Bayesian Estimation of GARCH Models

Author: David Ardia

Publisher: Springer Science & Business Media

ISBN: 9783540786573

Category: Business & Economics

Page: 206

View: 355

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This book presents in detail methodologies for the Bayesian estimation of sing- regime and regime-switching GARCH models. These models are widespread and essential tools in n ancial econometrics and have, until recently, mainly been estimated using the classical Maximum Likelihood technique. As this study aims to demonstrate, the Bayesian approach o ers an attractive alternative which enables small sample results, robust estimation, model discrimination and probabilistic statements on nonlinear functions of the model parameters. The author is indebted to numerous individuals for help in the preparation of this study. Primarily, I owe a great debt to Prof. Dr. Philippe J. Deschamps who inspired me to study Bayesian econometrics, suggested the subject, guided me under his supervision and encouraged my research. I would also like to thank Prof. Dr. Martin Wallmeier and my colleagues of the Department of Quantitative Economics, in particular Michael Beer, Roberto Cerratti and Gilles Kaltenrieder, for their useful comments and discussions. I am very indebted to my friends Carlos Ord as Criado, Julien A. Straubhaar, J er ^ ome Ph. A. Taillard and Mathieu Vuilleumier, for their support in the elds of economics, mathematics and statistics. Thanks also to my friend Kevin Barnes who helped with my English in this work. Finally, I am greatly indebted to my parents and grandparents for their support and encouragement while I was struggling with the writing of this thesis.

Risk-Averse Capacity Control in Revenue Management

Risk-Averse Capacity Control in Revenue Management

Author: Christiane Barz

Publisher: Springer Science & Business Media

ISBN: 9783540730132

Category: Business & Economics

Page: 167

View: 619

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This book revises the well-known capacity control problem in revenue management from the perspective of a risk-averse decision-maker. Modelling an expected utility maximizing decision maker, the problem is formulated as a risk-sensitive Markov decision process. Special emphasis is put on the existence of structured optimal policies. Numerical examples illustrate the results.

Economic Evolution and Equilibrium

Economic Evolution and Equilibrium

Author: Marco Lehmann-Waffenschmidt

Publisher: Springer Science & Business Media

ISBN: 9783540686620

Category: Business & Economics

Page: 265

View: 920

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This work uses various model frameworks to study the evolution of equilibria in an open loop evolving economy in which the model characteristics evolve without any directional restrictions except for continuity. Applying mathematical methods, it is shown that equilibria can always be adapted in a piecewise gradual, non bang-bang way.

Pension Systems, Demographic Change, and the Stock Market

Pension Systems, Demographic Change, and the Stock Market

Author: Marten Hillebrand

Publisher: Springer Science & Business Media

ISBN: 9783540779728

Category: Political Science

Page: 178

View: 784

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Due to the accelerating demographic change of the population the reform of the existing pension systems constitutes one of the greatest political challenges in most European countries. A theoretical discussion of different pension reforms must incorporate not only the demographic aspect but also the role of financial market risk and the impact on production and employment. These notes develop a dynamic macroeconomic model which incorporates these aspects within a flexible theoretical framework. The proposed approach provides a large scale population model and features a sound description of the production side as well as of the financial side of the economy and their interactions with the pension system. Within this framework various adjustment policies of the pension system are studied under different population scenarios. The consequences for the economy and the welfare of consumers are analyzed and compared.

Complex Systems Approach to Economic Dynamics

Complex Systems Approach to Economic Dynamics

Author: Abraham C.-L. Chian

Publisher: Springer Science & Business Media

ISBN: 9783540397533

Category: Business & Economics

Page: 101

View: 838

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Statistical analysis of stock markets and foreign exchange markets has demonstrated the intermittent nature of economic time series. A nonlinear model of business cycles is able to simulate intermittency arising from order-chaos and chaos-chaos transitions. This monograph introduces new concepts of unstable periodic orbits and chaotic saddles, which are unstable structures embedded in a chaotic attractor and responsible for economic intermittency.

Experimenting with Dynamic Macromodels

Experimenting with Dynamic Macromodels

Author: PierCarlo Nicola

Publisher: Springer Science & Business Media

ISBN: 9783540773979

Category: Business & Economics

Page: 265

View: 895

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This book presents a macroeconomic dynamic model à la Solow-Swan, including the market for labor, in a discrete time structure. The model is expanded to include expenditure on R&D and public expenditure on infrastructure. For each of the three models the results are shown in time series figures, which demonstrate that even small changes in the parameters produce responses in the time behavior of the main variables: from steady growth, to regular cycles, to chaotic-like time paths.

Artificial Markets Modeling

Artificial Markets Modeling

Author: Andrea Consiglio

Publisher: Springer Science & Business Media

ISBN: 9783540731351

Category: Business & Economics

Page: 279

View: 820

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This volume features contributions to agent-based computational modeling from the social sciences and computer sciences. It presents applications of methodologies and tools, focusing on the uses, requirements, and constraints of agent-based models used by social scientists. Topics include agent-based macroeconomics, the emergence of norms and conventions, the dynamics of social and economic networks, and behavioral models in financial markets.

Computer-aided Systems in Public Transport

Computer-aided Systems in Public Transport

Author: Mark Hickman

Publisher: Springer Science & Business Media

ISBN: 9783540733126

Category: Technology & Engineering

Page: 432

View: 839

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This volume consists of selected papers presented at the Ninth International Conference on Computer-Aided Scheduling of Public Transport. Coverage includes the use of computer-aided methods and operations research techniques to improve: information management; network and route planning; vehicle and crew scheduling and rostering; vehicle monitoring and management; and practical experience with scheduling and public transport planning methods.

Cooperative Systems

Cooperative Systems

Author: Don Grundel

Publisher: Springer Science & Business Media

ISBN: 9783540482710

Category: Business & Economics

Page: 403

View: 497

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Because of the clearly important role cooperative systems play in areas such as military sciences, biology, communications, robotics, and economics, just to name a few, the study of cooperative systems has intensified. This book provides an insight in the basic understanding of cooperative systems as well as in theory, modeling, and applications of cooperative control, optimization and related problems.