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Cournot Competition, Contestability, and Hit-and-Run Entry and Exit in a Teaching Experiment
Gächter, Simon; Thöni, Christian; Tyran, Jean-Robert - 2004
We describe a computerized experiment which can be used to introduce students to imperfect competition in courses on … thinking in general, the experiment serves to demonstrate that firm profits fall as the number of competitors is increased in a … market, and that firms enter profitable markets. The authors have used the experiment in undergraduate classes on strategy …
Persistent link: https://www.econbiz.de/10014068378
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Perfect competition, market power, and contestability
Budzinski, Oliver; Stöhr, Annika - 2024
mechanism of this coordination is valuable for economic thinking and economic theory. However, the implications of the perfect … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has …
Persistent link: https://www.econbiz.de/10014536299
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Markets for information : of inefficient firewalls and efficient monopolies
Cabrales, Antonio (contributor); Gottardi, Piero (contributor) - 2008
Persistent link: https://www.econbiz.de/10003774778
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Liberalization of the postal service market in Europe : entry with universal service and partial coverage
Beschorner, Patrick Frank Ernst (contributor) - 2008
In the advent of postal market liberalization in several European countries we expect that the incumbent operators anticipate entry by competitors who are not required to offer universal service, i.e. coverage of the entire country and uniform pricing. The market for postal service exhibits...
Persistent link: https://www.econbiz.de/10003794001
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Persistence of monopoly and research specialization
Weinschenk, Philipp - 2009
We examine the persistence of monopolies in markets with innovations when the outcome of research is uncertain. We show that for low success probabilities of research, the incumbent can seldom preempt the potential entrant. Then the efficiency effect outweighs the replacement effect. It is vice...
Persistent link: https://www.econbiz.de/10003862312
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Essays in microeconomics
Weinschenk, Philipp (contributor) - 2009
Persistent link: https://www.econbiz.de/10003900609
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Oligopoly dynamics with barriers to entry
Abbring, Jaap H. (contributor);  … - 2006
"This paper considers the effects of raising the cost of entry for potential competitors on infinite-horizon Markov- perfect industry dynamics with ongoing demand uncertainty. All entrants serving the model industry incur sunk costs, and exit avoids future fixed costs. We focus on the unique...
Persistent link: https://www.econbiz.de/10003405881
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Entry and incumbent innovation
Weinschenk, Philipp - 2010
We explore how the threat of entry influences the innovation activity of an incumbent. We show that the incumbent's investment is hump-shaped in the entry threat. When the entry threat is small and increases, the incumbent invests more to deter entry, or to make it unlikely. This is due to the...
Persistent link: https://www.econbiz.de/10003971211
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Subadditivity and contestability in the postal sector: theory and evidence
El Masri, Toufic M. - 2011
the basic conditions of natural monopoly theory and to review the approaches and results of the studies dealing with this …
Persistent link: https://www.econbiz.de/10008907734
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The first shall be last : serial position effects in the case contestants evaluate each other
Haigner, Stefan; Jenewein, Stefan; Müller, Hans Christian - 2010
We analyze competitions where the contestants evaluate each other and find the first contestant to be disadvantaged. We suspect that this is due to information diffusion, Bayesian belief updating taking place in course of the contest and initial uncertainty about a contestant's relative quality....
Persistent link: https://www.econbiz.de/10008773259