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- W2022642736 abstract "In a linear duopoly, participants are required to declare their costs under a Pretend—but—Perform Mechanism (PPM) which enforces accordance of performance with pretended (declared) cost. Specifically, under the PPM, each firm's output in reaction to rival output is to maximize profit according to declared cost. Compared with the Cournot solution before PPM Regulation, Nash implementation of the PPM induces a Cournot solution, among the make—believe firms, giving greater industry output and efficiency along with increased consumer surplus even after compensating the duopolists for decreased profits, except in a trivial case which — educatively — thruthful declarations are confined." @default.
- W2022642736 created "2016-06-24" @default.
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- W2022642736 date "1988-01-01" @default.
- W2022642736 modified "2023-10-06" @default.
- W2022642736 title "Regulating a duopoly by a Pretend-but-Perform Mechanism" @default.
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- W2022642736 doi "https://doi.org/10.1016/s0176-2680(88)80019-3" @default.
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