Similar Search Results

Welfare Analysis of Regulating Mobile Termination Rates in the UK (with an Application to the Orange/T-Mobile Merger)

Harbord, David; Hoernig, Steffen - C.E.P.R. Discussion Papers - 2010

This paper presents results from a calibrated welfare model of the UK mobile telephony market which includes many mobile networks; calls to and from the fixed network; networkbased price discrimination; and call externalities. The analysis focuses on the short-run effects of adopting lower...

Persistent link: https://www.econbiz.de/10008468563

Economic Integration and Investment Incentives in Regulated Industries

Auriol, Emmanuelle; Biancini, Sara - C.E.P.R. Discussion Papers - 2009

The paper studies the impact of market integration on investment incentives in non-competitive industries. It … distinguishes between investment in transportation and production cost-reducing technologies. Each domestic firm is controlled by a … investment in cost-reducing technology compared to autarky. This is in contrast with the systematic underinvestment problem …

Persistent link: https://www.econbiz.de/10005012490

Investment and capital structure of partially private regulated firms

Cambini, Carlo; Spiegel, Yossi - C.E.P.R. Discussion Papers - 2011

We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that …

Persistent link: https://www.econbiz.de/10009209829

Direct and Indirect Network Effects are Equivalent: A Comment on “Direct and Indirect Network Effects: Are They Equivalent?”

Church, Jeffrey; Gandal, Neil - C.E.P.R. Discussion Papers - 2012

Clements (2004) makes the following two claims: (i) unlike direct network effects, increases in the size of the market do not, in the case of indirect network effects, make standardization more likely, but (ii) indirect network effects are associated with excessive standardization. We show in...

Persistent link: https://www.econbiz.de/10011084429

Market Transparency, Competitive Pressure and Price Volatility

Kühn, Kai-Uwe; Martínez, Catalina B - C.E.P.R. Discussion Papers - 1996

In this paper we analyse the role of asymmetric information between firms and consumers about market conditions. In standard models of oligopoly informational advantages of firms over customers do not play a role because all prices are observable. When customers are unable to observe all...

Persistent link: https://www.econbiz.de/10005791781

Leveraging Monopoly Power by Degrading Interoperability: Theory and evidence from computer markets

Genakos, Christos D.; Kühn, Kai-Uwe; Van Reenen, John - C.E.P.R. Discussion Papers - 2011

When will a monopolist have incentives to foreclose a complementary market by degrading compatibility/interoperability of his products with those of rivals? We develop a framework where leveraging extracts more rents from the monopoly market by 'restoring' second degree price discrimination. In...

Persistent link: https://www.econbiz.de/10009209834

Patents, Imitation and Licensing in an Asymmetric Dynamic R&D Race

Fershtman, Chaim; Markovich, Sarit - C.E.P.R. Discussion Papers - 2006

R&D is an inherently dynamic process which involves different intermediate steps that need to be developed before the completion of the final invention. Firms are not necessarily symmetric in their R&D abilities; some may have advantages in early stages of the R&D process while others may have...

Persistent link: https://www.econbiz.de/10005114234

Efficiency Gains and Structural Remedies in Merger Control

Vasconcelos, Helder - C.E.P.R. Discussion Papers - 2007

This paper studies the role of structural remedies in merger control in a Cournot setting where (endogenous) mergers are motivated by prospective efficiency gains and must be submitted to an Antitrust Authority (AA) which might require partial divestiture for approval. Both positive and negative...

Persistent link: https://www.econbiz.de/10005498161

Can the Failing Firm Defense Rule be Counterproductive?

Vasconcelos, Helder - C.E.P.R. Discussion Papers - 2012

This paper studies the role of the failing firm defense (FFD) concept in merger control in a Cournot setting where: (i) endogenous mergers are motivated by prospective efficiency gains; and (ii) mergers must be submitted to an Antitrust Authority which might require partial divestiture for...

Persistent link: https://www.econbiz.de/10011084654

Two Tales on Resale

Höeffler, Felix; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2007

consumers worse off and that (ii) standard 'retail minus X regulation' may increase prices and harm consumers. Our analysis …

Persistent link: https://www.econbiz.de/10005792264