We examine a Bertrand competition game between two intermediaries offering matching services between two sides of a …

This paper analyses the impact of competition among downstream firms on an upstream firm's payoff and on its incentive … to vertically integrate when firms on both segments negotiate optimal contracts. We argue that tougher competition … firm is better off encouraging competition when the downstream firms have high bargaining power. We derive implications on …

impact of several dimensions of market competition and other factors on enterprise efficiency. We analyse 1992-1998 panel …, intensity, time path, and survival effects of competitive pressures. We find large, positive effects on TFP from competition in …

This Paper examines competition between a dominant network and a challenging network with third-degree or perfect price … competition and reduces average equilibrium prices. Because bandwagon effects are due to the incompatibility of networks, under … incentives to unilaterally degrade the quality for some targeted group of consumers in order to weaken competition. …

differentiation. An increase in concentration is more likely under Cournot competition if products are complements and more likely … under Bertrand competition if products are substitutes. Moreover, as products become closer substitutes, a takeover becomes … more likely under Bertrand and less likely under Cournot competition. …

The most important issues in auction design are the traditional concerns of competition policy-preventing collusive …

. In particular, firms will tend to underinvest in cost reduction because they anticipate fiercer head-on competition …