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Platform Intermediation in a Market for Differentiated Products

Galeotti, Andrea; Moraga-González, José Luis - Tinbergen Institute - 2008

We study a two-sided market where a platform attracts firms selling differentiated products and buyers interested in those products. In the unique subgame perfect equilibrium of the game, the platform fully internalizes the network externalities present in the market and firms and consumers all...

Persistent link: https://www.econbiz.de/10005144420

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

whether or not to carry the product. Firms may advertise, informing consumers not only of the price they charge, but also of …

Persistent link: https://www.econbiz.de/10005209475

Do Auctions select Efficient Firms?

Janssen, Maarten C.W.; Karamychev, Vladimir A. - Tinbergen Institute - 2007

This paper considers a government auctioning off multiple licenses to firms who compete in a market after the auction. Firms have different costs, and cost efficiency is private information at the auction stage and the market competition stage. If only one license is auctioned, standard results...

Persistent link: https://www.econbiz.de/10005144557

Network Asymmetries and Access Pricing in Cellular Telecommunications

Kocsis, Viktória - Tinbergen Institute - 2005

Network shares and retail prices are not symmetric in the telecommunications market with multiple bottlenecks which give rise to new questions of access fee regulation. In this paper we consider a model with two types of asymmetry arising from different entry timing, i.e. a larger reputation for...

Persistent link: https://www.econbiz.de/10005136930

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 …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …

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

Starting an R&D Project under Uncertainty

Dobbelaere, Sabien; Luttens, Roland Iwan; Peters, Bettina - Tinbergen Institute - 2009

We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is modelled as a lottery between a decrease and...

Persistent link: https://www.econbiz.de/10005016252

Cartel Stability with Time-dependent Detection Probabilities

Hinloopen, J. - Tinbergen Institute - 2003

To account for the illegal nature of price-fixing agreements, detection probabilities are introduced in a dynamic …

Persistent link: https://www.econbiz.de/10005144508

A Monopolist in Public Transport: Undersupply or Oversupply?

Karamychev, Vladimir A.; Reeven, Peran van - Tinbergen Institute - 2009

A monopolist in public transport may oversupply frequency relative to the social optimum, as van Reeven (2008) demonstrates with homogeneous consumers. This result generalizes for heterogeneous consumers who know the timetable. Whether a monopolist oversupplies or undersupplies frequency depends...

Persistent link: https://www.econbiz.de/10004987444

The Pro-collusive Effect of Increased Cartel Detection Probabilities

Hinloopen, Jeroen - Tinbergen Institute - 2004

An increase in cartel discovery probability due to irregular price movements that result from cartel defection is shown …

Persistent link: https://www.econbiz.de/10005137264

Customer Directed Advertising and Product Quality

Esteban, Lola; Hernández, José M.; Moraga-González, … - Tinbergen Institute - 2001

This paper studies the relationship between three key elements of the marketing mix, namely, price, product, and … distortions imply that (i) even if CDA increases the market price, the degree of market power need not increase and (ii) CDA may … yield a welfare loss even if it leads to a lower market price. <P> …

Persistent link: https://www.econbiz.de/10005137306