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In the presence of network externalities, we compare the stability of collusion under Bertrand and Cournot duopoly with … competition than under Cournot competition in the sense of wide range of network externalities; (ii) collusion in prices … (quantities) is more stable than in quantities (prices) if network externalities is strong (weak) …
Persistent link: https://www.econbiz.de/10014092591
In this paper, we aim to investigate the collusive stability in the presence of network externalities among firms with …
Persistent link: https://www.econbiz.de/10014636244
This paper analyzes exclusionary conduct of platforms in two-sided markets. Motivated by recent antitrust cases against shopping centers introducing radius restrictions on their tenants, we provide a discussion of the likely positive and normative effects of exclusivity clauses, which prevent...
Persistent link: https://www.econbiz.de/10011283647
Switching costs and network effects bind customers to vendors if products are incompatible, locking customers or even markets in to early choices. Lock-in hinders customers from changing suppliers in response to (predictable or unpredictable) changes in efficiency, and gives vendors lucrative ex...
Persistent link: https://www.econbiz.de/10014026899
This paper studies asymmetric platforms' incentives for enforcing exclusivity on multihoming sellers. We show that exclusivity benefits a platform only when its service is not very valuable to sellers, and hence can be initiated by a weak platform rather than the stronger one. It is possible for...
Persistent link: https://www.econbiz.de/10014082628
We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a …' discount factor has to be higher in order to sustain collusion in grim-trigger strategies under price discrimination than under …
Persistent link: https://www.econbiz.de/10011434582
This paper explores the effects that collusion can have in newspaper markets where firms compete for advertising as …) semi-collusion over advertising (with competition in the reader market), and iii) (full) collusion in both the advertising … and the reader market. We find that semi-collusion leads to less advertising (but higher advertising prices) and lower …
Persistent link: https://www.econbiz.de/10008736212
-group externalities makes two-sided collusion at a given profit level harder to sustain, and reduces the harm from collusion suffered by … magnitude of the cross-group externalities exerted on that side is sufficiently large (small). As a result, one-sided collusion …This paper explores the incentives for, and the effects of, collusion in prices between two-sided platforms. We …
Persistent link: https://www.econbiz.de/10012946078
power and the unpriced network externality. We find that full collusion (in the sense of joint profit maximization, acting …
Persistent link: https://www.econbiz.de/10013221241
This paper presents an overview of what economists can say about vertical constraints by multi-sided platforms at this stage in the development of our knowledge about the economics of these businesses. It describes the general procompetitive and anticompetitive uses of vertical restraints by...
Persistent link: https://www.econbiz.de/10014162200