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We investigate a differentiated mixed duopoly in which private and public firms can choose to strategically set prices … or quantities when unions are present. For the case of a unionised mixed duopoly, there exists a dominant strategy only …
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differentiated duopoly where firms compete à la Cournot with fixed costs of quality improvement. We show that, if the weight of the …
Persistent link: https://www.econbiz.de/10011737211
We examine a variant of Hotelling model where prices and locations are fixed but quality is a choice variable. We show that when sellers of a horizontally differentiated product are price-constrained and compete in quality, entry can lead to degradation of quality offered in equilibrium and...
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classical market theory) is no longer guaranteed; hence, we investigate the nature of non-price competition and how markets … might evolve in its presence. We develop a quality competition model based on matching theory. Equilibria of the quality … predictions of the model. In particular, price controls induce non-price competition between agents both in theory and in the …
Persistent link: https://www.econbiz.de/10012904026
We investigate mergers in markets where quality differences between products are central and firms may reposition their product lines by adding or removing products of different qualities following a merger. Such mergers are materially different from those studied in the existing literature....
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In the first essay, I analyze a symmetric duopolistic market where each firm's choice regarding certain quality attributes such as the environmental friendliness of its product is its own private information. I find that the extent of horizontal differentiation between firms plays a crucial role...
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