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Search Costs, Demand-Side Economies and the Incentives to merge under Bertrand Competition
Moraga-Gonzalez, Jose L.; Petrikaite, Vaiva - Tinbergen Institute - 2012
This paper studies the incentives to merge in a Bertrand competition model where firms sell differentiated …
Persistent link: https://www.econbiz.de/10009650210
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Minimum Price Guarantees In a Consumer Search Model
Janssen, Maarten; Parakhonyak, Alexei - Tinbergen Institute - 2009
This paper is the first to examine the effect of minimum price guarantees
Persistent link: https://www.econbiz.de/10008513220
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Two Firms is enough for Competition, but Three or More is better
Janssen, Maarten C.W.; Moraga, José Luis - Tinbergen Institute - 2001
We present an oligopoly model where a certain fraction of consumers engage in costly non-sequential search to discover prices. There are three distinct price dispersed equilibria characterized by low, moderate and high search intensity, respectively. We show that the effects of an increase in...
Persistent link: https://www.econbiz.de/10005137310
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On Mergers in Consumer Search Markets
Janssen, Maarten C.W.; Moraga-González, José Luis - Tinbergen Institute - 2007
post-merger. We show that this change in the search composition of demand makes mergers incentive-compatible for the firms … primary effects of a merger. Our main result is that the level of search costs are crucial in determining the incentives of …We study mergers in a market where <I>N</I> firms sell a homogeneous good and consumers search sequentially to discover …
Persistent link: https://www.econbiz.de/10005136862
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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 between firms, thereby lowering prices and increasing economic welfare. This paper presents a search model that provides a different view. We analyze the market for a homogeneous...
Persistent link: https://www.econbiz.de/10005209494
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A Note on Costly Sequential Search and Oligopoly Pricing
Janssen, Maarten C.W.; Moraga-González, José Luis; … - Tinbergen Institute - 2004
We modify the paper of Stahl (1989) [Stahl, D.O., 1989. Oligopolistic pricing with sequential consumer search. American Economic Review 79, 700–12] by relaxing the assumption that consumers obtain the first price quotation for free. When all price quotations are costly to obtain, the unique...
Persistent link: https://www.econbiz.de/10005504913
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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
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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
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Going where the Ad leads you: On High Advertised Prices and Search where to buy
Janssen, Maarten C.W.; Non, Marielle C. - Tinbergen Institute - 2006
The search literature assumes that consumers know which firms sell products they are looking for, but are unaware of the particular variety and the prices at which each firm sells. In this paper, we consider the situation where consumers are uncertain whether a firm carries the product at all by...
Persistent link: https://www.econbiz.de/10005209475
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Nonparametric Estimation of the Costs of Non-Sequential Search
Moraga-González, José Luis; Sándor, Zsolt; … - Tinbergen Institute - 2008
We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an equilibrium in mixed strategies always exists. We then examine the nonparametric identification and estimation of the costs of search. We find that the sequence of points on the...
Persistent link: https://www.econbiz.de/10005209478