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Dynamic Price Competition : Theory and Evidence from Airline Markets

Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022

We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish …

Persistent link: https://www.econbiz.de/10013362001

Competition and Efficiency in Congested Markets

Acemoglu, Daron - 2005

We study the efficiency of oligopoly equilibria in congested markets. The motivating examples are the allocation of …

Persistent link: https://www.econbiz.de/10012467484

Price and Capacity Competition

Acemoglu, Daron - 2006

We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The … demands across the firms. We first establish the existence of pure strategy subgame perfect equilibria (oligopoly equilibria … oligopoly equilibria of this game can be arbitrarily low. However, if the best oligopoly equilibrium is selected (among multiple …

Persistent link: https://www.econbiz.de/10012465855

A Dynamic Oligopoly with Collusion and Price Wars

Fershtman, Chaim - 1999

Most of the theoretical work on collusion and price wars assumes identical firms and an unchanging environment, assumptions which are at odds with what we know about most industries. Further that literature focuses on the impact of collusion on prices. Whether an industry can support collusion...

Persistent link: https://www.econbiz.de/10012471871

An Aggregative Games Approach to Merger Analysis in Multiproduct-Firm Oligopoly

Nocke, Volker - 2018

Using an aggregative games approach, we analyze horizontal mergers in a model of multiproduct-firm price competition with nested CES or nested logit demands. We show that the Herfindahl index provides an adequate measure of the welfare distortions introduced by market power, and that the induced...

Persistent link: https://www.econbiz.de/10012453139

Does Strategic Ability Affect Efficiency? Evidence from Electricity Markets

Hortaçsu, Ali - 2017

Oligopoly models of short-run price competition predict that large firms can exercise market power and generate …

Persistent link: https://www.econbiz.de/10012455156

Dynamic Price Competition with Capacity Constraints

Betancourt, Jose M.; Hortaçsu, Ali; Öry, Aniko; … - National Bureau of Economic Research - 2024

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

Foreign Competition and Innovation

Helpman, Elhanan - National Bureau of Economic Research - 2023

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

Transitional Market Dynamics in Complex Environments

Benkard, C. Lanier; Jeziorski, Przemyslaw; Weintraub, … - National Bureau of Economic Research - 2024

empirical setting of technology adoption and to two classic dynamic oligopoly models, demonstrating that, in a wide variety of …

Persistent link: https://www.econbiz.de/10015094887

The Value of Pharmacy Benefit Management

Mulligan, Casey B. - National Bureau of Economic Research - 2022

benefit management on behalf of insurance plans serves these and other purposes in both monopoly and oligopoly provider …

Persistent link: https://www.econbiz.de/10013334448