Cournot seminar – Konrad STAHL (U. Mannheim) – 2/02/24 14h
The 2024/02/02
From 2:00pm to 3:30pm
Event details :
Konrad STAHL (University of Mannheim)
will present us his work
A Dynamic Model of Predation
with Patrick Rey and Yossi Spiegel
A Dynamic Model of Predation
coécrit avec Patrick Rey et Yossi Spiegel
We study the feasibility and profitability of predation in a parsimonious infinite-horizon, complete information setting where an incumbent may face an entrant, in which case it needs to decide whether to accomodate or predate it. If the entrant exists, a new entrant is born with positive probability. We show that there always exists a Markov prefect equilibirum, which can be of three types: accomodation, predation with no future entry, and predation with hit-and-run entry. We use the model to study alternative antitrust policies, derive the best rules for these policies, and compare their welfare effects.
ID de la réunion : 378 061 900 208
Code secret : XkWExF
