Similar Search Results

Maximum Likelihood Estimation of Search Costs

Moraga-González, José Luis; Wildenbeest, Matthijs R. - Tinbergen Institute

In a recent paper Hong and Shum [2006. Using price distributions to estimate search costs. Rand Journal of Economics 37, 257–275] present a structural method to estimate search cost distributions. We extend their approach to the case of oligopoly and present a new maximum likelihood method to...

Persistent link: https://www.econbiz.de/10005144542

Strategic Targeted Advertising

Galeotti, Andrea; Moraga-Gonzalez, José Luis - Tinbergen Institute - 2003

We present a strategic game of pricing and targeted-advertising. Firms can simultaneously target price advertisements to different groups of customers, or to the entire market. Pure strategy equilibria do not exist and thus market segmentation cannot occur surely. Equilibria exhibit random...

Persistent link: https://www.econbiz.de/10005795572

The Entry of Low-Cost Airlines: Price Competition in the European Airline Market

Alderighi, Marco; Cento, Alessandro; Nijkamp, Peter; … - Tinbergen Institute - 2004

develop a model of airline competition, which accommodates various market structures, some of which include low-cost players … rest of Europe, our statistical modelling resu1ts confirm the conclusions of the theoretical model. Competition among FSCs … appears to affect the price levels of business and leisure segments asymmetrically. In contrast, competition with LCCs reduces …

Persistent link: https://www.econbiz.de/10005137209

Price Competition on Graphs

Soetevent, Adriaan R. - Tinbergen Institute - 2010

This paper extends Hotelling's model of price competition with quadratic transportation costs from a line to graphs. I … of graph models of price competition is that spatial discontinuities in firm-level demand may occur. I show that the …

Persistent link: https://www.econbiz.de/10008764969

Oligopolistic Competition in Price and Quality

Dubovik, Andrei; Janssen, Maarten C.W. - Tinbergen Institute - 2008

We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...

Persistent link: https://www.econbiz.de/10005136872

Advertising and Consumer Search in a Duopoly Model

Janssen, Maarten C.W.; Non, Mariëlle C. - Tinbergen Institute - 2005

We consider a duopoly in a homogenous goods market where part of the consumers are ex ante uninformed about prices. Information can come through two different channels: advertising and sequential consumer search. We arrive at the following results. First, there is no monotone relationship...

Persistent link: https://www.econbiz.de/10005209440

Pricing, Consumer Search and the Size of Internet Markets

Janssen, Maarten C.W.; Moraga, José Luis - Tinbergen Institute - 2000

Despite the mixed empirical evidence, many economists still hold to the view that Internet will promote competition …

Persistent link: https://www.econbiz.de/10005209494

On Mergers in Consumer Search Markets

Janssen, Maarten C.W.; Moraga-González, José Luis - Tinbergen Institute - 2007

We study mergers in a market where <I>N</I> firms sell a homogeneous good and consumers search sequentially to discover prices. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search environment, the search behavior of consumers. Endogenous...</i>

Persistent link: https://www.econbiz.de/10005136862

Consumer Search and Oligopolistic Pricing: An Empirical Investigation

Janssen, Maarten C.W.; Moraga-González, José Luis; … - Tinbergen Institute - 2004

This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for sequential and non-sequential search and using the theoretical restrictions firm and consumer behavior impose on the data we study the empirical validity of the models. Two...

Persistent link: https://www.econbiz.de/10005137296

Two Firms is enough for Competition, but Three or More is better

Janssen, Maarten C.W.; Moraga, José Luis - Tinbergen Institute - 2001

with low intensity, increased competition does not affect expected price, leads to greater price dispersion and welfare … declines. In contrast when consumers search with high intensity, increased competition results in lower prices when the number …

Persistent link: https://www.econbiz.de/10005137310