Dennis Heitmann - Bounded Rationality in Duopoly Games
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This study consists of four independent research papers covering different duopoly models. Chapter 1, 2 and 3 deal with bounded rational firms in a dynamic framework, whereas in chapter 4 a static model is considered. In chapter 1 the joint paper `Generalized adaptive expectations dynamics in two-stage games‘ with Herbert Dawid is introduced. The paper `Duopoly games with limited information sets‘ is presented in chapter 2. Chapter 3 deals with the joint paper with Seppo Orjasniemi. The title is `Quantity competition under local cost information‘. Finally, the paper `A generalization of Boyer-Moreaux: On Stackelberg equilibria with differentiated products‘, which is a joint work with Nikolai M. Brandt, is presented in chapter 4. [...]
Schlagworte
Volkswirtschaftslehre, Oligopoly Games, Bounded Rationality, Dynamical Systems, Adaptive Expectations, Subgame perfect Nash equilibrium, Best response dynamics, Stability, Subjective Demand, Subjective Costs, Cost Externalities, Nash Equilibrium
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Verlag Dr. Kovač GmbH
Leverkusenstraße 13, 22761 Hamburg
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SchriftenreiheSchriftenreihe volkswirtschaftliche Forschungsergebnisse
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ISSN1435-6872
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Band192