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Empirical Games of Market Entry and Spatial Competition in Retail Industries

Aguirregabiria, Victor; Suzuki, Junichi - C.E.P.R. Discussion Papers - 2015

We survey the recent empirical literature on structural models of market entry and spatial competition in oligopoly retail industries. We start with the description of a framework that encompasses various models that have been estimated in empirical applications. We use this framework to discuss...

Persistent link: https://www.econbiz.de/10011165645

Price Competition, Innovation and Profitability: Theory and UK Evidence

Symeonidis, George - C.E.P.R. Discussion Papers - 2001

This Paper examines the effect of price competition on innovation, market structure and profitability in R&D-intensive industries. The theoretical predictions are tested using UK data on the evolution of competition, concentration, innovation counts and profitability over 1952-77. The...

Persistent link: https://www.econbiz.de/10005666839

Cartels, Contracts and Centralization: The Transition to Futures Trading for Primary Commodities

Haskel, Jonathan - C.E.P.R. Discussion Papers - 1995

Trading in futures markets has grown substantially for many commodities. At the same time the power of many dominant producers has weakened and core prices have tended to fall towards those on the fringe. Existing cartel/fringe models fail to explain the difference between core and fringe prices...

Persistent link: https://www.econbiz.de/10005504245

Reserve Price Effects in Auctions: Estimates from Multiple RD Designs

Choi, Syngjoo; Nesheim, Lars; Rasul, Imran - C.E.P.R. Discussion Papers - 2015

We present evidence from 260,000 online auctions of second-hand cars to identify the impact of public reserve prices on auction outcomes. We exploit multiple discontinuities in the relationship between reserve prices and vehicle characteristics to present causal RD estimates of reserve price...

Persistent link: https://www.econbiz.de/10011201354

The Relationship between Market Structure and Innovation in Industry Equilibrium: A Case Study of the Global Automobile Industry

Hashmi, Aamir Rafique; Van Biesebroeck, Johannes - C.E.P.R. Discussion Papers - 2012

We first estimate a dynamic game for the global automobile industry and then compute a Markov Perfect equilibrium to study the equilibrium relationship between market structure and innovation. The key state variable in the model is the efficiency level of each firm and the market structure is...

Persistent link: https://www.econbiz.de/10011084428

Quantifying the Effects from Horizontal Mergers in European Competition Policy

Ivaldi, Marc; Verboven, Frank - C.E.P.R. Discussion Papers - 2001

This Paper starts from a recent case studying how merger analysis in Europe may potentially be improved through simulation analysis. Starting from the product and geographic market definition in the Merger Decision, we formulate and estimate an oligopoly model with differentiated products. The...

Persistent link: https://www.econbiz.de/10005666636

Gasoline prices jump up on Mondays: An outcome of aggressive competition?

Foros, Øystein; Steen, Frode - C.E.P.R. Discussion Papers - 2008

This paper examines Norwegian gasoline pump prices using daily station-specific observations from March 2003 to March … theory (Maskin and Tirole, 1988), we demonstrate that Norwegian gasoline price cycles involve a form of coordinated behavior …. We also show that gasoline prices follow a fixed weekly pattern, with prices increasing significantly every Monday at …

Persistent link: https://www.econbiz.de/10005666514

Price-Cost Margins and Shares of Fixed Factors

Konings, Jozef; Roeger, Werner; Zhao, Liqiu - C.E.P.R. Discussion Papers - 2011

Reduced form approaches to estimate markups typically exploit variation in observed input and output. However, these approaches ignore the presence of fixed input factors, which may result in an overestimation of the price-cost margins. We first propose a new methodology to simultaneously...

Persistent link: https://www.econbiz.de/10008861906

Competition in the Pharmaceutical Industry: How do Quality Differences Shape Advertising Strategies?

de Frutos, Maria-Angeles; Ornaghi, Carmine; Siotis, Georges - C.E.P.R. Discussion Papers - 2010

We present a Hotelling model of price and advertising competition between prescription drugs that differ in quality/side e¤ects. Advertising results in the endogenous formation of two consumer groups: brand loyal and non-brand loyal ones. We show that advertising strategies are strategic...

Persistent link: https://www.econbiz.de/10008680762

Market Structure and Market Performance in E-Commerce

Hackl, Franz; Kummer, Michael E; Winter-Ebmer, Rudolf; … - C.E.P.R. Discussion Papers - 2012

We investigate the causal effect of market structure on market performance in the consumer electronics. We combine data from Austria's largest online site for price comparisons with retail data on wholesale prices provided by a major hardware producer for consumer electronics. We observe input...

Persistent link: https://www.econbiz.de/10011083898

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