imperfect competition;
game theory;
market structure;
media;
D O I:
10.1287/mksc.1050.0183
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
his paper shows that the analysis of Liu et al. (2004) contains a substantive error-the asserted pure-strategy Nash equilibrium leading to their Theorems I and 2 is really not an equilibrium. We show that in their model, either pure-strategy Nash equilibria do not exist or, unlike their asserted main result, when a pure-strategy equilibrium exists, increasing the number of commercial television broadcasters does not result in lower-quality programs. Possible modifications of Liu et al.'s model that may help restore the desired result are discussed.
机构:
Tilburg Univ, Grad Program Business, POB 90153, NL-5000 LE Tilburg, NetherlandsTilburg Univ, Grad Program Business, POB 90153, NL-5000 LE Tilburg, Netherlands
Steenkamp, JBEM
Nijs, VR
论文数: 0引用数: 0
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机构:Tilburg Univ, Grad Program Business, POB 90153, NL-5000 LE Tilburg, Netherlands
Nijs, VR
Hanssens, DM
论文数: 0引用数: 0
h-index: 0
机构:Tilburg Univ, Grad Program Business, POB 90153, NL-5000 LE Tilburg, Netherlands
Hanssens, DM
Dekimpe, MG
论文数: 0引用数: 0
h-index: 0
机构:Tilburg Univ, Grad Program Business, POB 90153, NL-5000 LE Tilburg, Netherlands
机构:
Tilburg Univ, Grad Program Business, POB 90153, NL-5000 LE Tilburg, NetherlandsTilburg Univ, Grad Program Business, POB 90153, NL-5000 LE Tilburg, Netherlands
Steenkamp, JBEM
Nijs, VR
论文数: 0引用数: 0
h-index: 0
机构:Tilburg Univ, Grad Program Business, POB 90153, NL-5000 LE Tilburg, Netherlands
Nijs, VR
Hanssens, DM
论文数: 0引用数: 0
h-index: 0
机构:Tilburg Univ, Grad Program Business, POB 90153, NL-5000 LE Tilburg, Netherlands
Hanssens, DM
Dekimpe, MG
论文数: 0引用数: 0
h-index: 0
机构:Tilburg Univ, Grad Program Business, POB 90153, NL-5000 LE Tilburg, Netherlands