Showing 1 - 10 of 33
main finding is that in optimal collusion, interaction between intra-firm (internal) contracting and inter-firm collusion … may be exploited; inter-firm collusion may enhance the efficiency of internal contract, and conversely, internal … contracting may facilitate collusion …
Persistent link: https://www.econbiz.de/10005086421
In this paper, we model networks of relational contracts. We explore sanctioning power within these networks under different information technologies depending on the shape of the network. The value of the relational network lies in the enforcement of cooperative agreements which would not be...
Persistent link: https://www.econbiz.de/10005329020
agent that defects from fines and from other agents' punishment; and (b) by increasing the riskiness of crime/collusion, in …
Persistent link: https://www.econbiz.de/10005329023
This paper uses household-level data of cellular usage to provide estimates of the implied switching costs that preclude consumers from switching providers in the face of competing offers. Our estimation differs from previous switching costs studies in that we are able to observe individual...
Persistent link: https://www.econbiz.de/10005063573
Strong seasonality in demand, a short product life cycle, and the absence of any price competition make the release date of first-run movies one of the main strategic decisions taken by movies' distributors. Movies are typically released on a Friday within a short release season, thus making the...
Persistent link: https://www.econbiz.de/10005063582
This paper reports a laboratory experiment to study pricing and advertising behavior in a market with costly buyer search. Sellers simultaneously post prices and decide whether or not to incur an exogenous cost to advertise their price. Sellers are not capacity constrained, and each buyer...
Persistent link: https://www.econbiz.de/10005063675
Through altering competitive conditions, globalisation can have a significant impact on productivity of the domestic economy. Foreign competition can stimulate the productivity improvements by domestic firms or it can lead to the elimination of inefficient producers. Alternatively, the threat or...
Persistent link: https://www.econbiz.de/10005063676
In this paper, we discuss the possibility of strategic behavior and truthful reporting in a two players' announcement game when there is a cost for getting information. First we show that the best strategy of each player is to announce the observed signal truthfully if the announcement is made...
Persistent link: https://www.econbiz.de/10005063767
This paper studies the effects of product market competition on vertical integration. In a duopoly setting, each retailer is associated with a manufacturer who must decide how to allocate property rights over the retail asset. Choosing delegation of property rights over vertical integration...
Persistent link: https://www.econbiz.de/10005699681
It is well known that in a two stage duopoly model of product choice with quadratic transportation cost, the firms locate at the extreme endpoints of the market. This paper examines this model in an infinite horizon setting where in the initial period the firms choose locations and in subsequent...
Persistent link: https://www.econbiz.de/10005702523