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Corporate Social Responsibility and Firms Ability to Collude
Lambertini, L.; Tampieri, A. - Dipartimento di Scienze Economiche, Alma Mater … - 2011
define their objective functions. Our analysis focusses on the bearings of CSR on collusion over an infinite horizon … surplus has a pro-competitive e¤ect under both full and partial collusion. Conversely, a higher impact of productivity on … pollution has an anti-competitive effect under partial collusion, while exerting no effect under full collusion. Under partial …
Persistent link: https://www.econbiz.de/10009319564
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Efficient Horizontal Mergers in Polluting Industries with Cournot Competition
Lambertini, L.; Tampieri, A. - Dipartimento di Scienze Economiche, Alma Mater … - 2012
We investigate the feasibility of horizontal mergers in a homogeneous triopoly where firms compete in quantities and production is polluting the environment. We show that the degree of alignment between private and social incentives increases in the intensity of pollution.
Persistent link: https://www.econbiz.de/10009647756
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The strategic interplay between bundling and merging in complementary markets
Mantovani, A.; Vandekerckhove, J. - Dipartimento di Scienze Economiche, Alma Mater … - 2012
In this paper, two pairs of complementors have to decide whether to merge and eventually bundle their products. Depending on the degree of competitive pressure in the market, either both pairs decide to merge (with or without bundling), or only one pair merges and bundles, while rivals remain...
Persistent link: https://www.econbiz.de/10009651738
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Horizontal Mergers with Capital Adjustment: Workers' Cooperatives and the Merger Paradox
Delbono, F.; Lambertini, L. - Dipartimento di Scienze Economiche, Alma Mater … - 2014
We study the incentives towards horizontal merger among firms when the amount of capital is the strategic variable. We focus on is workers' cooperatives, but our conclusions apply also to employment-constrained profit maximisers. Within a simple oligopoly model, we prove that the horizontal...
Persistent link: https://www.econbiz.de/10010894283
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The strategic effect of bundling: a new perspective
Mantovani, A. - Dipartimento di Scienze Economiche, Alma Mater … - 2010
This paper investigates the strategic effect of bundling when a multi-product firm producing two complements faces competition in both markets. I consider a demand structure where both Cournot and Bertrand competition can be evaluated. Bundling is completely ineffective when firms compete in...
Persistent link: https://www.econbiz.de/10008471552
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On the Optimal Number of Firms in the Commons: Cournot vs Bertrand
Dragone, D.; Lambertini, L.; Palestini, A.; Tampieri, A. - Dipartimento di Scienze Economiche, Alma Mater … - 2012
We revisit the debate on the optimal number of firms in the commons in a differential oligopoly game in which firms are either quantity- or price-setting agents. Production exploits a natural resource and involves a negative externality. We calculate the number of firms maximising industry...
Persistent link: https://www.econbiz.de/10010598307
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Regulating Environmental Externalities through Public Firms: A Differential Game
Dragone, D.; Lambertini, L.; Palestini, A. - Dipartimento di Scienze Economiche, Alma Mater … - 2011
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where production takes place at constant returns to scale and entails a negative environmental externality. We model the problem as a differential game and investigate (i) the Cournot-Nash...
Persistent link: https://www.econbiz.de/10008861985
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On the feedback solution of a differential oligopoly game with capacity adjustment
Dragone, D.; Lambertini, L.; Palestini, A. - Dipartimento di Scienze Economiche, Alma Mater … - 2011
We propose a simple method for characterising analytically the feedback solution of oligopoly games with capital accumulation à la Solow-Swan. As a result, it becomes possible to contrast the feedback equilibrium against the corresponding one generated by open-loop information. Our method...
Persistent link: https://www.econbiz.de/10008861986
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The Dynamics of Disease in a Regulated Vertically Differentiated Health System
Lambertini, L.; Tampieri, A. - Dipartimento di Scienze Economiche, Alma Mater … - 2011
We build up a differential game to investigate the interplay between the quality of health care and the presence of an evolving disease in a duopoly where patients are heterogeneous along the income dimension. We prove unicity, stability and perfection of the open-loop Nash solution. Moreover,...
Persistent link: https://www.econbiz.de/10008862368
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Profitability of Horizontal Mergers in the Presence of Price Stickiness
Esfahani, H. - Dipartimento di Scienze Economiche, Alma Mater … - 2011
In this paper, we investigate the profitability of horizontal mergers of firms with price adjustments. We take a di¤erential game approach and both the open-loop as well as the closed-loop equlibria are considered. We show that the merger incentive is determined by how fast the price adapts to...
Persistent link: https://www.econbiz.de/10009001940