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Economics affects almost everything we do: from our decisions at work to our shopping habits, voting preferences and social attitudes.This new edition of the popular text by David Begg and Gianluigi Vernasca enables the reader to understand today's e
In this paper we explore the possibility of "partial-multihoming" in a two-sided market where a subset of agents, on one or both side(s), may multihome in equilibrium. We consider a model in which platforms are spatially differentiated and on each si
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::224b75bd5e7aa60f58b78eb8ee76396a
https://www.york.ac.uk/media/economics/documents/discussionpapers/2006/0610.pdf
https://www.york.ac.uk/media/economics/documents/discussionpapers/2006/0610.pdf
Autor:
Gianluigi Vernasca
We study a discrete time dynamic game of price competition with spatially differentiated products and price adjustment costs. We characterise the Markov perfect and the open-loop equilibrium of our game. We find that in the steady state Markov perfec
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3cfcd689eb25aa0e541a5c4a6ab84aa6
http://www.feem.it/userfiles/attach/Publication/NDL2003/NDL2003-120.pdf
http://www.feem.it/userfiles/attach/Publication/NDL2003/NDL2003-120.pdf