![]() |
ИСТИНА |
Войти в систему Регистрация |
ИСТИНА ФИЦ ПХФ и МХ РАН |
||
This talk discusses results on Nash equilibrium and its refinements for several variants of the architecture for oligopolistic markets of homogeneous goods. For different kinds of one-stage and two-stage auctions, I compare the game-theoretic solution with the competitive equilibrium and estimate the loss of social welfare due to producers’ market power. I conclude on the optimal architecture of the market.