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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

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

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

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

Understanding Markups in the Open Economy under Bertrand Competition

de Blas, Beatriz - 2010

The purpose of this paper is to understand the effects of endogenous markups and trade costs on the pricing behavior of exporters when firms are heterogeneous in productivity. Using new analytical distributions for markups under Bertrand competition, we uncover Ricardian patterns of export...

Persistent link: https://www.econbiz.de/10012462070

Choice, Price Competition and Complexity in Markets for Health Insurance

Frank, Richard - 2008

The United States and other nations rely on consumer choice and price competition among competing health plans to allocate resources in the health sector. A great deal of research has examined the efficiency consequences of adverse selection in health insurance markets, less attention has been...

Persistent link: https://www.econbiz.de/10012464830

Why Tie A Product Consumers Do Not Use?

Carlton, Dennis W. - 2007

This paper provides a new explanation for tying that is not based on any of the standard explanations -- efficiency, price discrimination, and exclusion. Our analysis shows how a monopolist sometimes has an incentive to tie a complementary good to its monopolized good in order to transfer...

Persistent link: https://www.econbiz.de/10012465313

A Model of Add-on Pricing

Ellison, Glenn - 2003

This paper examines a competitive model of add-on pricing, the practice of advertising low prices for one good in hopes of selling additional products (or a higher quality product) to consumers at a high price at the point of sale. The main conclusion is that add-on pricing softens price...

Persistent link: https://www.econbiz.de/10012468977

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