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absolute margin. We derive these results in both a monopoly model and a variety of different competitive models. We conclude …
Persistent link: https://www.econbiz.de/10012468099
This paper investigates how the tying of complementary products can be used to preserve and extend monopoly positions …. We first show how a firm that is a monopolist of a product in the current period can use tying to preserve its monopoly … monopoly position into a newly emerging market. The analysis focuses on the importance of entry costs and network externalities …
Persistent link: https://www.econbiz.de/10012471980
marginal costs nonparametrically, allow for unobserved firm heterogeneity, and nest a variety of equilibrium oligopoly models …) intuition for empirically discriminating between alternative models of oligopoly competition …
Persistent link: https://www.econbiz.de/10012463009
We examine the interplay between market structure and the form that commodity taxation should take in a general equilibrium model in which firms produce differentiated products and so are able to exert market power. Our analysis takes account of two important recent developments that affect...
Persistent link: https://www.econbiz.de/10012469287
This paper develops new techniques for empirically analyzing demand and supply in differentiated products markets and then applies these techniques to analyze equilibrium in the U.S. automobile industry. Our primary goal is to present a framework which enables one to obtain estimates of demand...
Persistent link: https://www.econbiz.de/10012474698
from trade under Bertrand and Cournot oligopoly. Firms differentiate their products to mitigate competition, but only if … levels of investment can raise Bertrand profit above Cournot profit and also above the monopoly profit at autarky when …
Persistent link: https://www.econbiz.de/10012457660
We study dynamic price competition between sellers offering differentiated products with limited capacity and a common sales deadline. In every period, firms simultaneously set prices, and a randomly arriving buyer decides whether to purchase a product or leave the market. Given remaining...
Persistent link: https://www.econbiz.de/10014635636
Motivated by the long-standing debate on the pros and cons of competitive devaluation, we propose a new perspective on how monetary and exchange rate policies can contribute to a country's international competitiveness. We refocus the analysis on the implications of monetary stabilization for a...
Persistent link: https://www.econbiz.de/10012479715
We document how demand shocks in export markets lead French multi-product exporters to re-allocate the mix of products sold in those destinations. In response to positive demand shocks, those French firms skew their export sales towards their best performing products; and also extend the range...
Persistent link: https://www.econbiz.de/10012456244
Empirical studies have found that enhanced foreign competition can encourage or discourage innovation. To address this relationship, I examine a market structure in which a small number of large multi-product oligopolists compete with a large number of small single-product firms in the same...
Persistent link: https://www.econbiz.de/10014436971