Menu Content/Inhalt
Seminars Print
previous year previous month next month next year
See by year See by month See by week See Today Search Jump to month
Rani Spiegler, UCLondon Print
Tuesday, 30 April 2013, 14:00 - 15:15

Rani Spiegler, University College London

Competition Framing

Homepage

Abstract: I present a simple framework for modeling two-firm market competition, where each firm chooses a market alternative as well as a costless "marketing message". Consumers follow a frame-dependent choice function, where the frame is a probabilistic function of the firms' marketing messages. This framework embeds several recent models in the literature on markets with boundedly rational consumers. I identify a property that consumer choice may satisfy, which extends the concept of Weighted Regularity due to Piccione and Spiegler (2012), and provide a characterization of Nash equilibria under this property. I use this result to analyze the equilibrium interplay between competition and framing in a large variety of models that fall into the framework.

Location: R42.2.113
Contact: Claude Adan, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Back