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Oligopolistic Competition in Price and Quality

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

This discussion paper led to an article in Games and Economic Behavior (2012), pp. 120-138. 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,...

Persistent link: https://www.econbiz.de/10011255624

Adoption of Superior Technology in Markets with Heterogeneous Network Externalities and Price Competition

Janssen, Maarten C.W.; Mendys, Ewa - Tinbergen Instituut - 2000

between the old andthe new technology and on whether firms compete in prices. Without price competition, a partiallock …-in occurs if (and only if) the quality difference is small. In the presence of price competition,lock-in in the traditional …

Persistent link: https://www.econbiz.de/10011255699

Capacity Choice under Uncertainty with Product Differentiation

Behrens, Christiaan; Lijesen, Mark - Tinbergen Instituut - 2012

We explore the characteristics of a capacity-then-price game for a duopoly market with product differentiation and stochastic demand. The analysis shows that a minimum threshold value for the level of vertical product differentiation exists, relative to horizontal product differentiation, for...

Persistent link: https://www.econbiz.de/10011257539

Strategic Targeted Advertising

Galeotti, Andrea; Moraga, Jose Luis - Tinbergen Instituut - 2003

We present a strategic game of pricing and targeted-advertising. Firms cansimultaneously target priceadvertisements to different groups of customers, or to the entiremarket. Pure strategy equilibria do not exist and thus marketsegmentation cannot occur surely. Equilibria exhibit random...

Persistent link: https://www.econbiz.de/10011255542

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

Janssen, Maarten C.W.; Moraga, Jose Luis - Tinbergen Instituut - 2001

We present an oligopoly model where a certain fraction of consumers engage in costly non-sequential search to discover … 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 of …

Persistent link: https://www.econbiz.de/10011255756

Signaling Quality through Prices in an Oligopoly

Janssen, Maarten C.W.; Roy, Santanu - Tinbergen Instituut - 2007

Firms signal high quality through high prices even if the market structure is highly competitive and price competition … is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is …

Persistent link: https://www.econbiz.de/10011255858

Legal Principles in Antitrust Enforcement

Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Instituut - 2013

challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly …

Persistent link: https://www.econbiz.de/10011255939

Nonparametric Estimation of the Costs of Non-Sequential Search

Moraga-Gonzalez, Jose Luis; Sandor, Zsolt; Wildenbeest, … - Tinbergen Instituut - 2008

We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an …

Persistent link: https://www.econbiz.de/10011256013

A Note on Costly Sequential Search and Oligopoly Pricing

Janssen, Maarten C.W.; Moraga-Gonzalez, Jose Luis; … - Tinbergen Instituut - 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/10011256195

Penalizing Cartels: The Case for Basing Penalties on Price Overcharge

Katsoulacos, Yannis; Motchenkova, Evgenia; Ulph, David - Tinbergen Instituut - 2014

In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a systematic comparison of a penalty based on the cartel overcharge with...

Persistent link: https://www.econbiz.de/10011261929