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Ownership and Control in a Competitive Industry

Karle, Heiko; Klein, Tobias J.; Stahl, Konrad O. - 2011

We study a differentiated product market in which an investor initially owns a controlling stake in one of two competing firms and may acquire a non-controlling or a controlling stake in a competitor, either directly using her own assets, or indirectly via the controlled firm. While industry...

Persistent link: https://www.econbiz.de/10010333848

Ownership and control in a competitive industry

Karle, Heiko; Klein, Tobias J.; Stahl, Konrad O. - 2011

Persistent link: https://www.econbiz.de/10010274862

A Dynamic Model of Predation

Rey, Patrick; Spiegel, Yossi; Stahl, Konrad O. - 2022

We study the feasibility and profitability of predation in a parsimonious infinite-horizon, complete information setting where an incumbent may face an entrant, in which case it needs to decide whether to accommodate or predate it. If the entrant exits, a new entrant is born with positive...

Persistent link: https://www.econbiz.de/10013353431

Industry Structure and Pricing over the Business Cycle

Spiegel, Yossi; Stahl, Konrad O. - 2014

We consider the interaction between an incumbent firm and a potential entrant, and examine how this interaction is affected by demand fluctuations. Our model gives rise to procyclical entry, prices, and price-cost margins, although the average price in the market can be countercyclical if the...

Persistent link: https://www.econbiz.de/10010398598

A Dynamic Model of Predation

Rey, Patrick; Spiegel, Yossi; Stahl, Konrad O. - 2022

Persistent link: https://www.econbiz.de/10014081264

A Dynamic Model of Predation

Rey, Patrick; Spiegel, Yossi; Stahl, Konrad O. - 2024

We study the feasibility and proﬁtability of predation in a dynamic environment, using a parsimonious inﬁnite-horizon, complete information setting in which an incumbent repeatedly faces potential entry. When a rival enters, the incumbent chooses whether to accommodate or predate it; the...

Persistent link: https://www.econbiz.de/10015047198

Buy-It-Now prices in eBay Auctions - The Field in the Lab

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2010

Electronic commerce has grown extraordinarily over the years, with online auctions being extremely successful forms of … trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … in Buy-It-Now auctions, as to this point little is known about how sellers set Buy-It-Now prices. We investigate into …

Persistent link: https://www.econbiz.de/10010333716

The High/Low Divide: Self- Selection by Values in Auction Choice

Ivanova-Stenzel, Radosveta; Salmon, Timothy C. - 2010

to making an auction choice impacts their choice decision and/or the outcome of the auctions. The results show a strong …

Persistent link: https://www.econbiz.de/10010333724

Revenue Equivalence Revisited

Ivanova-Stenzel, Radosveta; Salmon, Timothy C. - 2006

The conventional wisdom in the auction design literature is that first price sealed bid auctions tend to make more … money while ascending auctions tend to be more efficient. We re-examine these issues in an environment in which bidders are … 'overentry' into the ascending auctions. …

Persistent link: https://www.econbiz.de/10010333747

Anomalies in Auction Choice Behavior

Ivanova-Stenzel, Radosveta; Salmon, Timothy C. - 2006

bidders could resolve this anomaly the claim that risk aversion drives overbidding in first price auctions is somewhat …

Persistent link: https://www.econbiz.de/10010333800