Advanced Search
MyIDEAS: Login to save this article or follow this journal

A Simulation Model of the Price Bargaining Rules in Vertical Relationships

Contents:

Author Info

  • J. Duvallet

    ()
    (Laboratory GILCO, ENSGI-INPG, 46, avenue Felix Viallet, 38031 Grenoble Cedex 1, France)

  • A. Garapin

    ()
    (Laboratory IREPD, UPMF, BP 47, 38040 Grenoble Cedex 9, France)

  • M. Hollard

    ()
    (Laboratory IREPD, UPMF, BP 47, 38040 Grenoble Cedex 9, France)

  • D. Llerena

    ()
    (Laboratory IREPD, UPMF, BP 47, 38040 Grenoble Cedex 9, France)

Abstract

This paper analyzes the dynamics of the price and quantity bargaining between four agents, in a current industrial structure, with a special attention to the price bargaining. The structure combines a bilateral monopoly in a market for inputs, and a duopoly in a final market. After a simplified presentation of a model which proposes equilibrium solutions to the bargaining, we present the protocol and the results of an experiment whose objective is twofold. The first one is to test the assumptions of the model. The second one is to identify behavioral models and bargaining rules for a work of simulation. The experimental results do not confirm the solutions of the theoretical model, which predicted a Nash solution for the price bargaining, and used the cournot conjecture in the quantity bargaining. A detailed analysis of the results leads to some observations useful to parameterize a simulation model. The simulation runs a systematic analysis of the dynamics of the bargaining rules in this structure.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://journals.kluweronline.com/issn/0927-7099/contents
Download Restriction: no

Bibliographic Info

Article provided by Society for Computational Economics in its journal Computational Economics.

Volume (Year): 23 (2004)
Issue (Month): 2 (03)
Pages: 121-145

as in new window
Handle: RePEc:kap:compec:v:23:y:2004:i:2:p:121-145

Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=100248
More information through EDIRC

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:kap:compec:v:23:y:2004:i:2:p:121-145. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.