Showing 1 - 10 of 88
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
Previous work has shown that state-level antitrust enforcement activity may have impacts on entry and relocation behavior by U.S. firms. Significant state-level antitrust activity may be an indicator of a perceived adverse business environment and it is found to deter establishment entry,...
Persistent link: https://www.econbiz.de/10011128879
We analyze market dynamics under Bertrand duopoly competition in industries with network effects and consumer switching costs. Consumers form installed bases, repeatedly buy the products, and differ with respect to their switching costs. Depending on the ratio of switching costs to network...
Persistent link: https://www.econbiz.de/10004963747
We present a model of takeover where the target optimally sets its reserve price. Under relatively standard symmetry restrictions, we obtain a unique equilibrium. The probability of takeover is only a function of the number of .rms and of the insiders. share of total industry gains due to the...
Persistent link: https://www.econbiz.de/10004963874
arbitrage. Furthermore, a merger can lead to an equilibrium in which only the "high-demand" market is served. This is more … likely (i) the lower consumers' transportation costs and (ii) the higher the concentration of the industry. Therefore, merger …
Persistent link: https://www.econbiz.de/10005026827
-ity of the Boone-Indicator using cartel cases. Our analysis reveals that the traditional regres-sion approach of the …
Persistent link: https://www.econbiz.de/10008568553
different markets. We focus on the interaction between the merger's effects on downstream efficiency and on buyer power in a … size discounts for the merged entity has no impact on consumer prices or on smaller retailers, unless the merger affects … "waterbed effects", that is, each small retailer pays a higher average tariff if a buyer merger improves downstream efficiency …
Persistent link: https://www.econbiz.de/10009216256
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
The paper deals with the competitive effects of price guarantees in a spatial duopoly where consumers can search for lower prices but have to incur hassle costs if they want to claim a price guarantee. It is shown that symmetric equilibria with and without price guarantees exist but price...
Persistent link: https://www.econbiz.de/10010896208
We model competition between two unregulated mobile phone companies with price-elastic demand and less than full market coverage. We also assume that there is a regulated full-coverage fixed network. In order to induce stronger competition, mobile companies could have an incentive to raise their...
Persistent link: https://www.econbiz.de/10004963742