Browsing DFAEII by Author "Gutiérrez Hita, Carlos"
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A note on bargaining power and managerial delegation in multimarket oligopolies
Ciarreta Antuñano, Aitor ; García Enríquez, Javier ; Gutiérrez Hita, Carlos (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012-11)In a two-stage delegation game model with Nash bargaining between a manager and an owner, an equivalence result is found between this game and Fershtman and Judd's strategic delegation game (Fershtman and Judd, 1987). ... -
A note on collusion sustainability with optimal punishments and detection lags
Ciarreta Antuñano, Aitor ; Gutiérrez Hita, Carlos (University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-09)In this note we characterize optimal punishments with detection lags when the market consists of n oligopolistic firms. We extend a previous note by Colombo and Labrecciosa (2006) [Colombo, L., and Labrecciosa, P., 2006. ... -
Strategic Behavior and Collusion: An Application to the Spanish Electricity Market
Ciarreta Antuñano, Aitor ; Gutiérrez Hita, Carlos (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005)The paper has two major contributions to the theory of repeated games. First, we build a supergame oligopoly model where firms compete in supply functions, we show how collusion sustainability is affected by the presence ...