Technology standard is widely employed in many industries and affects competition intensively. With game theory approaches, this article analyses technology standards under Cournot competition. First, the equilibrium is obtained with matrix approaches. The horizontal differentiation yields the complicated model...
We assume that the airlines engage in Cournot competition and limit our attention to the Nash equilibrium, where airline of type I takes the output of the other airlines qN as given. Solving the first order condition for airline I and N yield the Nash volumes:(8)qNN=A−2cI+cN−τ3...
Patents have frequently been characterized as the “gold standard” in protecting a firm's intellectual property (IP) (Scotchmer, 2004). They grant the holder the right to exclude third parties from using the protected technology and by that establish a temporary monopoly. As a result, patents...
We explore this question through an analysis based on a standard economic game theory strategy model, i.e., we assume Cournot competition over a discrete time period among various kinds of rivals. Exploring this question in this way fills a current gap in the strategic and economic literature,...
For example, under the dynamic Cournot game, Benchekroun (1998) [40] analyzed the production strategy of oligarchic enterprises facing the implementation of carbon tax by the government. Kennedy (1994) [41] studied the impact of carbon tax strategy and carbon emission trading system on enterprises...
A Cournot–Nash–Bertrand game theory model of a service-oriented Internet with price and quality competition among network transport providers. Comput. Manag. Sci. 2014, 11, 475–502. [Google Scholar] [CrossRef] Chen, H.; Song, L.; Liu, S.; Fang, Z.; He, L. An optimal cost-...