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Exogenous Expenses in Industries with Vertical Product Differentiation and Quality Constraints

Burlakov, Georgi - Center for Economic Research and Graduate Education and … - 2015

In this paper we study how an exogenous expense of owning a market good affects the equilibrium outcome in a market with vertical product differentiation i.e. consumers differ by income but have identical preferences for the good’s quality. We identify three possible subgame-perfect...

Persistent link: https://www.econbiz.de/10011168890

Duopoly Competition, Escape Dynamics and Non-cooperative Collusion

Janjgava, Batlome; Slobodyan, Sergey - Center for Economic Research and Graduate Education and … - 2011

In this paper, we study an imperfect monitoring model of duopoly under similar settings as in Green and Porter (1984), but here firms do not know the demand parameters and learn about them over time though the price signals. We investigate how a deviation from rational expectations affects the...

Persistent link: https://www.econbiz.de/10009358657

Free Entry and Social Efficiency under Unknown Demand Parameters

Janjgava, Batlome - Center for Economic Research and Graduate Education and … - 2013

In the paper, I examine free entry in homogeneous product markets and its social efficiency. Previous research on free … entry in homogeneous product markets has shown that under Cournot oligopoly with fixed setup costs the free entry … equilibrium always delivers excessive entry. In contrast, I demonstrate in this paper that free entry along with excessive entry …

Persistent link: https://www.econbiz.de/10010842905

Understanding the Lack of Competition in Natural Gas Markets: The Impact of Storage Ownership and Upstream Competition

Mravec, Michal - Center for Economic Research and Graduate Education and … - 2007

price, which hinders the desired decline of the end-user price in the long run. This pricing change in turn makes the entry …

Persistent link: https://www.econbiz.de/10005086605

International Competition in Vertically Differentiated Markets with Innovation and Imitation: Trade Policy versus Free Trade

Kovac, Eugen; Zigic, Kresimir - Center for Economic Research and Graduate Education and … - 2007

The important characteristic of international competition between developed and less developed countries is vertical product differentiation, where firms' quality choices represent strategic decisions. Unlike the previous literature, we allow for a leadership in quality choice and the...

Persistent link: https://www.econbiz.de/10005086629

Software Upgrades under Monopoly

Strelicky, Jiri; Zigic, Kresimir - Center for Economic Research and Graduate Education and … - 2013

We study price discrimination in a monopolistic software market. The monopolist charges different prices for the upgrade version and for the full version. Consumers are heterogeneous in taste for infinitely durable software and there is no resale. We show that price discrimination leads to a...

Persistent link: https://www.econbiz.de/10010842891

Comparing Certification and Self-regulation

Myslivecek, Jan - Center for Economic Research and Graduate Education and … - 2008

I compare certification and self-regulation, two widely used quality assurance mechanisms in markets where consumers do not observe the quality of goods. Certification is a mechanism in which an external firm oers a certificate to producers who undergo a testing procedure, issues the certificate...

Persistent link: https://www.econbiz.de/10005178146

(The Evolution of) Post-Secondary Education: A Computational Model and Experiments

Ortmann, Andreas; Slobodyan, Sergey - Center for Economic Research and Graduate Education and … - 2008

some firms with economies of scale. This variant of our matching model is motivated by the entry of for-profit providers …

Persistent link: https://www.econbiz.de/10005086604

Intellectual Property Rights Protection and Enforcement in a Software Duopoly

Strelicky, Jiri; Zigic, Kresimir - Center for Economic Research and Graduate Education and … - 2011

We study the economic impacts of the interaction between a regulator's Intellectual Property Rights (IPR) protection policy against software piracy on the one side and the forms of IPR protection that software producers may themselves undertake to protect their intellectual property on the other...

Persistent link: https://www.econbiz.de/10008862261

Oligopolistic Price Competition with Informed and Uninformed Buyers

Ostatnicky, Michal - Center for Economic Research and Graduate Education and … - 2010

The standard price competition of two or more players leads to Bertrand equilibrium in basic economic theory (if complete information is assumed, there are no capacity constraints, etc.). In reality, even on highly competitive Internet-based markets, the prices of seemingly undifferentiated...

Persistent link: https://www.econbiz.de/10008672183