CEU Electronic Theses and Dissertations, 2019
| Author | Davletgaliyev, Dayan |
|---|---|
| Title | Social Preferences and Competition |
| Summary | In this paper I investigate the effect of social preferences in oligopolistic competition, both when social preferences are determined exogenously and when they are chosen by owners as part of "profit-maximizing" corporate culture. The results reveal that a firm’s attitude towards a competitor is changing with regards to type of competition such as Cournot, Bertrand and Differentiated Bertrand. Cournot model with social preferences demonstrate that firms exhibit anti-social or spiteful behavior towards each other competing on quantities. On the contrary, when firms compete on prices with differentiated products they display pro-social behavior expressed. However, firms do not reveal social preferences when they produce homogeneous products in Bertrand Oligopoly. |
| Supervisor | Botond Kőszegi |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2019/davletgaliyev_dayan.pdf |
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