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Vertical Contracts between Airports and Airlines: is there a Trade-off between Welfare and Competitiveness?

Barbot, Cristina - Faculdade de Economia, Universidade do Porto - 2009

Airports and airlines have been increasingly establishing vertical contracts, which have a wide variety of forms. These …

Persistent link: https://www.econbiz.de/10005059430

Entry and Accommodation in Airline Markets: Easyjet Caught in the Middle on the London-Grenoble Route

Barbot, Cristina - Faculdade de Economia, Universidade do Porto - 2006

about competition in the same route in monopoly, duopoly and oligopoly with three firms show that price competition depends …

Persistent link: https://www.econbiz.de/10005059435

Effects on Welfare of Different Airport Charge Systems

Barbot, Cristina - Faculdade de Economia, Universidade do Porto - 2003

a twostage game with two airlines and one airport, peak-load pricing is shown to actually decrease consumer surplus and …

Persistent link: https://www.econbiz.de/10008463978

Asymmetric collusion with growing demand

Brandão, António; Pinho, Joana; Vasconcelos, Hélder - Faculdade de Economia, Universidade do Porto - 2013

We characterize collusion sustainability in markets where demand growth may trigger the entry of a new firm whose efficiency may be different from the efficiency of the incumbents. We find that the profit-sharing rule that firms adopt to divide the cartel profit after entry is a key determinant...

Persistent link: https://www.econbiz.de/10010842601

The profit-sharing rule that maximizes sustainability of cartel agreements

Correia-da-Silva, João; Pinho, Joana - Faculdade de Economia, Universidade do Porto - 2012

We propose a profit-sharing rule that maximizes sustainability of cartel agreements. This rule is such that the critical discount factor is the same for all the firms. If a cartel applies this rule, then asymmetries among firms may not hinder collusion (contrarily to the typical finding in the...

Persistent link: https://www.econbiz.de/10010842610

Sustaining collusion in markets with a general evolution of demand

Correia-da-Silva, João; Pinho, Joana; Vasconcelos, Hélder - Faculdade de Economia, Universidade do Porto - 2014

This paper proposes a general framework to study the sustainability of collusion in markets where demand growth (although deterministic) is not restricted to occur at a constant rate and may trigger future entry. It is shown that, typically, entry occurs later along the collusive path than along...

Persistent link: https://www.econbiz.de/10010842612

Strategic delegation in two-sided markets

Ribeiro, Vitor Miguel - Faculdade de Economia, Universidade do Porto - 2014

In a two-sided market duopoly, we investigate the effects of delegating long run restrictive and unrestrictive decisions to managers by the platforms' owners, the effects of the platforms' ownership establishing long run decisions without managers and the impacts of asymmetric regimes between...

Persistent link: https://www.econbiz.de/10010842618

Theory of Semi-Collusion in the Labor Market

Gonzaga, Pedro; Brandão, António; Vasconcelos, Helder - Faculdade de Economia, Universidade do Porto - 2014

We study the effects of cooperative wage setting in industries that use two different types of labor. In particular, we consider a two-stage game where firms hire non-specialized workers in a perfectly competitive labor market and specialized workers that are more productive and expensive, but...

Persistent link: https://www.econbiz.de/10010735926

Public regulatory intervention in consumer-friendly firms

Ribeiro, Vitor Miguel - Faculdade de Economia, Universidade do Porto - 2014

-friendly firm. We conclude that under quantity competition, if firms sell goods that are too homogeneous the policymaker should … impose a ceiling on the level of benevolence of the consumer-friendly firm. However, under price competition, the policymaker … degree of product differentiation, the social welfare under price competition is always higher than the social welfare under …

Persistent link: https://www.econbiz.de/10011071604

Anticipating the long-term ideology of a policymaker

Ribeiro, Vitor Miguel - Faculdade de Economia, Universidade do Porto - 2014

We consider a duopoly with horizontally differentiated firms, where firms decide the long-term plans (locations) in addition to short-term issues (prices). As in Bárcena-Ruiz and Casado-Izaga (2014), we introduce a third entity in the city by considering the presence of a policymaker that...

Persistent link: https://www.econbiz.de/10011086648