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Quantity competition, endogenous motives and behavioral heterogeneity

机译:数量竞争,内生动机和行为异质性

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The article shows that strategic quantity competition can be characterized by behavioral heterogeneity, once competing firms are allowed in a pre-market stage to optimally choose the behavioral rule they will follow in their strategic choice of quantities. In particular, partitions of the population of identical firms in which some of them are profit maximizers while others follow an alternative criterion, turn out to be deviation-proof equilibria both in simultaneous and sequential game structures. Our findings that in a strategic framework heterogeneous behavioral rules may be consistent with individual incentives is a first attempt to provide a game-theoretic microfoundation of heterogeneity.
机译:该文章表明,战略数量竞争的特征可以是行为异质性,一旦允许竞争公司进入上市前阶段以最佳方式选择他们在数量战略选择中遵循的行为规则。特别是,相同公司中的某些人(其中一些人是利润最大化者,而另一些人遵循替代标准)的分区在同时和顺序博弈结构中都证明是防偏差的均衡。我们的研究发现,在战略框架中,异质行为规则可能与个人激励相一致,这是提供异质性博弈论微观基础的首次尝试。

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