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strategy space. We then find that if the two firms are constrained to locate at the same spot, the resulting price competition …
Persistent link: https://www.econbiz.de/10004963945
We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. Our first results is that export...
Persistent link: https://www.econbiz.de/10010896190
This paper shows that the welfare dominance of ad valorem over unit taxes under imperfect competition, extends to the … Anderson et al. (J Public Econ, 2001) made in a similar framework, but under Bertrand competition. …
Persistent link: https://www.econbiz.de/10004963604
We analyze duopoly Bertrand competition under network effects. We consider both incompatible and compatible products …
Persistent link: https://www.econbiz.de/10004963733
We analyze market dynamics under Bertrand duopoly competition in industries with network effects and consumer switching …
Persistent link: https://www.econbiz.de/10004963747
Bertrand models. A takeover is more likely under Bertrand competition if goods are substitutes and more likely under Cournot … competition if goods are complements. …
Persistent link: https://www.econbiz.de/10004963874
We consider a model of a monopolistic network operator who sequentially offers two-parted access charges to symmetric downstream firms. We are particularly interested in analyzing an alternative to current regulatory practice of prescribing access. In particular, we look at the possibility of...
Persistent link: https://www.econbiz.de/10004963906
We consider a model with two firms operating their individual networks. Each firm can choose its price as well as its investment to build up its network. Assuming a skewed distribution of consumers, our model leads to an asymmetric market structure with one firm choosing higher investments....
Persistent link: https://www.econbiz.de/10004963931
We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the markets for their spare parts. We show that monopolized markets for spare parts lead to higher overall expenditures for consumers. Furthermore, while the manufacturers invest...
Persistent link: https://www.econbiz.de/10005068786
This paper compares the outcomes of corporate self-regulation and traditional ex-ante regulation of network access to monopolistic bottlenecks. In the model of self-regulation, the domestic gas supplier and network owner and the monopsonistic gas customer fix quantities and the network access...
Persistent link: https://www.econbiz.de/10005068794