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...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11201 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | "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. |
| Physical Description: | 43 S. graph. Darst. |
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| 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 |
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| 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 |