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In this paper, we introduce a model of a financial market as a multiagent repeated game where the players are market makers. We formalize the concept of market making and the parameters of the game. Our main contribution is a framework that combines game t ...
When labour unions use first-best price discrimination, they can extract a wage above the marginal product of labour: employment is above the firm's own optimum - this is featherbedding or overmanning, and such rigidities can increase employment. While lab ...
Buses operating in mixed traffic experience problems with delay and travel time variability in peak periods. Numerous transit priority measures are found in the literature but most rely on separating buses from other vehicles. Complete separation such as d ...
This research aimed to determine whether: (1) shoe-worn magnetic and inertial sensors can be used to detect hurdle clearance and identify the leading leg in 400-m hurdles, and (2) to provide an analysis of the hurdlers’ spatiotemporal parameters in the int ...
Oligopolistic competition occurs often in transportation as well as in other markets due to reasons such as barriers to entry, limited capacity of the infrastructure and external regulations. In transport oligopolies, suppliers are profit maximizers and ta ...
Most firms face some form of competition in product markets. The degree of competition a firm faces feeds back into its cash flows and affects the values of the securities it issues. Through its effects on stock prices, product market competition affects t ...
This introductory, along with the eight articles contained within this Special Issue, highlights and brings greater clarity to entrant-incumbent interactions and to firm movement - when entrants traverse market territories for the creation and/or delivery ...
We present a general framework to find epsilon-equilibrium solutions of oligopolistic markets in which demand is modeled at the disaggregate level using discrete choice models. Consumer choices are modeled according to random utility theory, and the choice ...
Oligopolistic competition occurs when a small number of operators compete for the same pool of customers. This is often the case in transportation, due to reasons such as external regulations, economies of scale and limited capacity of the infrastructure. ...
The extraction, supply, market price and recycling of the metals used for superalloys were modelled using the systems dynamics model WORLD6. Peak production per capita (Supply Security) and stock-in-use per capita (Utility of Use) as well as resource stock ...
Paul Scherrer Institute, World Resources Forum2019
