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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
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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
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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
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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
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International Shocks and Domestic Prices : How Large Are Strategic Complementarities?
Amiti, Mary - 2016
How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firm price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the elasticities...
Persistent link: https://www.econbiz.de/10012456555
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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
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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
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Dynamic Oligopoly and Price Stickiness
Wang, Olivier - 2020
strategic effects of oligopoly from the effects this has on residual demand, we compare our model to one with monopolistic firms …
Persistent link: https://www.econbiz.de/10012481391
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Price-Cost Margins, Exports and Productivity Growth : With an Application to Canadian Industries
Bernstein, Jeffrey I. - 1991
machinery, electrical products and chemical products industries. The results show that there is significant oligopoly power in …
Persistent link: https://www.econbiz.de/10012475436
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Distance, Demand, and Oligopoly Pricing
Feenstra, Robert C. - 1989
We demonstrate how to estimate a model of product demand and oligopoly pricing when products are multi … informed by economic theory, we simultaneously estimate a demand system and price-cost margins for products differentiated in …
Persistent link: https://www.econbiz.de/10012475970