Competition and efficiency in congested markets:
"We study the efficiency of oligopoly equilibria in congested markets. The motivating examples are the allocation of network flows in a communication network or of traffic in a transportation network. We show that increasing competition among oligopolists can reduce efficiency, measured as the...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11201 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "We study the efficiency of oligopoly equilibria in congested markets. The motivating examples are the allocation of network flows in a communication network or of traffic in a transportation network. We show that increasing competition among oligopolists can reduce efficiency, measured as the difference between users' willingness to pay and delay costs. We characterize a tight bound of 5/6 on efficiency in pure strategy equilibria. This bound is tight even when the number of routes and oligopolists is arbitrarily large. We also study the efficiency properties of mixed strategy equilibria"--National Bureau of Economic Research web site. |
| Beschreibung: | 43 S. graph. Darst. |
Internformat
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV019897320 | ||
| 003 | DE-604 | ||
| 005 | 20100224 | ||
| 007 | t | ||
| 008 | 050725s2005 xxud||| |||| 00||| eng d | ||
| 035 | |a (OCoLC)58828341 | ||
| 035 | |a (DE-599)BVBBV019897320 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-703 |a DE-521 |a DE-19 | ||
| 050 | 0 | |a HB1 | |
| 084 | |a QB 910 |0 (DE-625)141231: |2 rvk | ||
| 100 | 1 | |a Acemoglu, Daron |d 1967- |e Verfasser |0 (DE-588)124929575 |4 aut | |
| 245 | 1 | 0 | |a Competition and efficiency in congested markets |c Daron Acemoglu ; Asuman Ozdaglar |
| 264 | 1 | |a Cambridge, Mass. |b National Bureau of Economic Research |c 2005 | |
| 300 | |a 43 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11201 | |
| 520 | 3 | |a "We study the efficiency of oligopoly equilibria in congested markets. The motivating examples are the allocation of network flows in a communication network or of traffic in a transportation network. We show that increasing competition among oligopolists can reduce efficiency, measured as the difference between users' willingness to pay and delay costs. We characterize a tight bound of 5/6 on efficiency in pure strategy equilibria. This bound is tight even when the number of routes and oligopolists is arbitrarily large. We also study the efficiency properties of mixed strategy equilibria"--National Bureau of Economic Research web site. | |
| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Competition |x Econometric models | |
| 650 | 4 | |a Oligopolies | |
| 700 | 1 | |a Ozdaglar, Asuman E. |e Verfasser |0 (DE-588)130486442 |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
| 830 | 0 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11201 |w (DE-604)BV002801238 |9 11201 | |
| 856 | 4 | 1 | |u http://papers.nber.org/papers/w11201.pdf |z kostenfrei |3 Volltext |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-013221408 | ||
Datensatz im Suchindex
| _version_ | 1804133435123433472 |
|---|---|
| any_adam_object | |
| author | Acemoglu, Daron 1967- Ozdaglar, Asuman E. |
| author_GND | (DE-588)124929575 (DE-588)130486442 |
| author_facet | Acemoglu, Daron 1967- Ozdaglar, Asuman E. |
| author_role | aut aut |
| author_sort | Acemoglu, Daron 1967- |
| author_variant | d a da a e o ae aeo |
| building | Verbundindex |
| bvnumber | BV019897320 |
| callnumber-first | H - Social Science |
| callnumber-label | HB1 |
| callnumber-raw | HB1 |
| callnumber-search | HB1 |
| callnumber-sort | HB 11 |
| callnumber-subject | HB - Economic Theory and Demography |
| classification_rvk | QB 910 |
| ctrlnum | (OCoLC)58828341 (DE-599)BVBBV019897320 |
| discipline | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02069nam a2200385 cb4500</leader><controlfield tag="001">BV019897320</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20100224 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">050725s2005 xxud||| |||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)58828341</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV019897320</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-703</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HB1</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QB 910</subfield><subfield code="0">(DE-625)141231:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Acemoglu, Daron</subfield><subfield code="d">1967-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)124929575</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Competition and efficiency in congested markets</subfield><subfield code="c">Daron Acemoglu ; Asuman Ozdaglar</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cambridge, Mass.</subfield><subfield code="b">National Bureau of Economic Research</subfield><subfield code="c">2005</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">43 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series</subfield><subfield code="v">11201</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">"We study the efficiency of oligopoly equilibria in congested markets. The motivating examples are the allocation of network flows in a communication network or of traffic in a transportation network. We show that increasing competition among oligopolists can reduce efficiency, measured as the difference between users' willingness to pay and delay costs. We characterize a tight bound of 5/6 on efficiency in pure strategy equilibria. This bound is tight even when the number of routes and oligopolists is arbitrarily large. We also study the efficiency properties of mixed strategy equilibria"--National Bureau of Economic Research web site.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Ökonometrisches Modell</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Competition</subfield><subfield code="x">Econometric models</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Oligopolies</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Ozdaglar, Asuman E.</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)130486442</subfield><subfield code="4">aut</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Online-Ausgabe</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series</subfield><subfield code="v">11201</subfield><subfield code="w">(DE-604)BV002801238</subfield><subfield code="9">11201</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://papers.nber.org/papers/w11201.pdf</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-013221408</subfield></datafield></record></collection> |
| id | DE-604.BV019897320 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T20:08:40Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-013221408 |
| oclc_num | 58828341 |
| open_access_boolean | 1 |
| owner | DE-703 DE-521 DE-19 DE-BY-UBM |
| owner_facet | DE-703 DE-521 DE-19 DE-BY-UBM |
| physical | 43 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Acemoglu, Daron 1967- Verfasser (DE-588)124929575 aut Competition and efficiency in congested markets Daron Acemoglu ; Asuman Ozdaglar Cambridge, Mass. National Bureau of Economic Research 2005 43 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11201 "We study the efficiency of oligopoly equilibria in congested markets. The motivating examples are the allocation of network flows in a communication network or of traffic in a transportation network. We show that increasing competition among oligopolists can reduce efficiency, measured as the difference between users' willingness to pay and delay costs. We characterize a tight bound of 5/6 on efficiency in pure strategy equilibria. This bound is tight even when the number of routes and oligopolists is arbitrarily large. We also study the efficiency properties of mixed strategy equilibria"--National Bureau of Economic Research web site. Ökonometrisches Modell Competition Econometric models Oligopolies Ozdaglar, Asuman E. Verfasser (DE-588)130486442 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11201 (DE-604)BV002801238 11201 http://papers.nber.org/papers/w11201.pdf kostenfrei Volltext |
| spellingShingle | Acemoglu, Daron 1967- Ozdaglar, Asuman E. Competition and efficiency in congested markets National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell Competition Econometric models Oligopolies |
| title | Competition and efficiency in congested markets |
| title_auth | Competition and efficiency in congested markets |
| title_exact_search | Competition and efficiency in congested markets |
| title_full | Competition and efficiency in congested markets Daron Acemoglu ; Asuman Ozdaglar |
| title_fullStr | Competition and efficiency in congested markets Daron Acemoglu ; Asuman Ozdaglar |
| title_full_unstemmed | Competition and efficiency in congested markets Daron Acemoglu ; Asuman Ozdaglar |
| title_short | Competition and efficiency in congested markets |
| title_sort | competition and efficiency in congested markets |
| topic | Ökonometrisches Modell Competition Econometric models Oligopolies |
| topic_facet | Ökonometrisches Modell Competition Econometric models Oligopolies |
| url | http://papers.nber.org/papers/w11201.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT acemogludaron competitionandefficiencyincongestedmarkets AT ozdaglarasumane competitionandefficiencyincongestedmarkets |