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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael; Schüwer, Ulrich - C.E.P.R. Discussion Papers - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009367427
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Unbundling the incumbent: Evidence from UK broadband
Nardotto, Mattia; Valletti, Tommaso; Verboven, Frank - C.E.P.R. Discussion Papers - 2012
network available to other companies (local loop unbundling, or LLU). Entrants are then able to upgrade their individual lines … that over the course of time, many entrants have begun to take advantage of LLU. However, unbundling has little or no … technology (cable) which is not subject to regulation, and what we discover is that inter-platform competition has a positive …
Persistent link: https://www.econbiz.de/10011083592
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Market Structure, Countervailing Power and Price Discrimination: The Case of Airports
Haskel, Jonathan; Iozzi, Alberto; Valletti, Tommaso - C.E.P.R. Discussion Papers - 2011
We study bargained input prices where up and downstream firms can choose alternative vertical partners. We apply our model to airport landing fees where a number of interesting policy questions have arisen. For example, what is the impact of joint ownership of airports? Does airline...
Persistent link: https://www.econbiz.de/10008854469