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Strategic Supply Function Competition with Private Information
Vives, Xavier - CESifo - 2008
A Bayesian supply function equilibrium is characterized in a market where firms have private information about their uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition, competitiveness is affected by the parameters of the...
Persistent link: https://www.econbiz.de/10005094231
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International Antitrust Enforcement and Multi-Market Contact
Choi, Jay Pil; Gerlach, Heiko - CESifo - 2009
antitrust authorities in each market. We are concerned with how the sustainability of collusion in one local market is affected … by the existence of collusion in other markets when they are linked by demand relationships. The interdependence of … collusion sustainability across markets leads to potential externalities in antitrust enforcement across jurisdictions. As a …
Persistent link: https://www.econbiz.de/10005051554
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Strategic Supply Function Competition with Private Information
Vives, Xavier - CESifo - 2009
A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function equilibrium is characterized; the equilibrium is privately...
Persistent link: https://www.econbiz.de/10008534061
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Advertising, Competition and Entry in Media Industries
Crampes, Claude; Haritchabalet, Carole; Jullien, Bruno - CESifo - 2005
This paper presents a model of media competition with free entry when media operators are financed both from advertisers and customers. The relation between advertising receipts and sales receipts, which are both complementary and antagonist, is different if media operators impose a price or a...
Persistent link: https://www.econbiz.de/10005405759
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Market Competition and Lower Tier Incentives
Theilen, Bernd - CESifo - 2008
The relationship between competition and performance-related pay has been analyzed in single-principal-single-agent models. While this approach yields good predictions for managerial pay schemes, the predictions fail to apply for employees at lower tiers of a firm’s hierarchy. In this paper, a...
Persistent link: https://www.econbiz.de/10005405811
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Negative Intra-Group Externalities in Two-Sided Markets
Belleflamme, Paul; Toulemonde, Eric - CESifo - 2007
Two types of agents interact on a pre-existing free platform. Agents value positively the presence of agents of the other type but may value negatively the presence of agents of their own type. We ask whether a new platform can find fees and subsidies so as to divert agents from the existing...
Persistent link: https://www.econbiz.de/10005405902
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Regulation and Pricing of Pharmaceuticals: Reference Pricing or Price Cap Regulation?
Brekke, Kurt R.; Grasdal, Astrid L.; Holmås, Tor Helge - CESifo - 2007
We study the relationship between regulatory regimes and pharmaceutical firms’ pricing strategies using a unique policy experiment from Norway, which in 2003 introduced a reference price (RP) system called “index pricing” for a sub-sample of off-patent pharmaceuticals, replacing the...
Persistent link: https://www.econbiz.de/10005406112
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Do Consumers Buy Less of a Taxed Good?
Kind, Hans Jarle; Köthenbürger, Marko; Schjelderup, … - CESifo - 2005
This paper shows that consumers may buy more of a taxed good if it is sold by a two-sided platform firm. Two-sided platform industries serve distinct customer groups that are connected through interdependent demand, and include major businesses such as the media industry (newspapers/magazines...
Persistent link: https://www.econbiz.de/10005406228
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Intellectual Property Rights, Technology Transfer and Exports in Developing Countries
Yang, Lei; Maskus, Keith E. - CESifo - 2008
We develop a model to analyze one mechanism under which stronger intellectual property rights (IPR) protection may improve the ability of firms in developing countries to break intoexport markets. A Northern firm with a superior process technology chooses either exports or technology transfer...
Persistent link: https://www.econbiz.de/10005406245
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Reference Pricing of Pharmaceuticals
Brekke, Kurt R.; Königbauer, Ingrid; Straume, Odd Rune - CESifo - 2006
We consider a therapeutic market with potentially three pharmaceutical firms. Two of the firms offer horizontally differentiated brand-name drugs. One of the brand-name drugs is a new treatment under patent protection that will be introduced if the profits are sufficient to cover the entry...
Persistent link: https://www.econbiz.de/10005406396