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Information aggregation, strategic behaviour and efficiency in Cournot markets
Vives, Xavier - 1998
Persistent link: https://www.econbiz.de/10013422663
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Why do market shares matter? : an information-based theory
Caminal, Ramón; Vives, Xavier - 1992
Persistent link: https://www.econbiz.de/10000135319
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Excess entry, vertical integration and welfare
Kühn, Kai-Uwe; Vives, Xavier - 1995
Persistent link: https://www.econbiz.de/10000563738
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On the strategic choice of spatial price policy
Thisse, Jacques-François - In: The American economic review 78 (1988) 1, pp. 122-137
Persistent link: https://www.econbiz.de/10001047410
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Cross-ownership, R&D spillovers, and antitrust policy
López, Angel L.; Vives, Xavier - 2016
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with minority shareholdings. We find that, with high market concentration and sufficiently convex demand, there is no scope for cross-ownership to improve welfare regardless of spillover levels. Otherwise,...
Persistent link: https://www.econbiz.de/10011482905
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Cross-ownership, R&D spillovers, and antitrust policy
López, Angel L.; Vives, Xavier - 2016
Persistent link: https://www.econbiz.de/10011522081
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High frequency trading and fragility
Cespa, Giovanni; Vives, Xavier - 2016
Persistent link: https://www.econbiz.de/10011606787
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Market power and welfare in asymmetric divisible good auctions
Manzano Tovar, Carolina; Vives, Xavier - 2016
Persistent link: https://www.econbiz.de/10011609230
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Market power and welfare in asymmetric divisible good auctions
Manzano Tovar, Carolina; Vives, Xavier - 2016
information but declines with its transaction costs. In line with empirical evidence, we find that an increase in transaction … costs and/or a decrease in the precision of a bidding group.s information induces a strategic response from the other group …, which thereafter attenuates its response to both private information and prices. A "stronger" bidding group -which has more …
Persistent link: https://www.econbiz.de/10011580637
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High frequency trading and fragility
Cespa, Giovanni; Vives, Xavier - 2016
We show that limited dealer participation in the market, coupled with an informational friction resulting from high frequency trading, can induce demand for liquidity to be upward sloping and strategic complementarities in traders' liquidity consumption decisions: traders demand more liquidity...
Persistent link: https://www.econbiz.de/10011587522