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A Dynamic Theory of Secession
Esteban, Joan - 2018
This paper builds a dynamic theory of secessions, conflictual or peaceful, analyzing the forward looking interaction …
Persistent link: https://www.econbiz.de/10012908659
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On the Profitability of Cross-Ownership in Cournot Oligopolies : Stock Sizes Matter
Benchekroun, Hassan - 2020
We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We consider a symmetric cross-ownership structure in which a subset of k firms engage in cross-shareholding and each firm has an equal silent financial interest in the other firms,...
Persistent link: https://www.econbiz.de/10012824811
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When the Threat is Stronger than the Execution : Trade and Welfare Under Oligopoly
Leahy, Dermot - 2020
We compare trade liberalization under Cournot and Bertrand competition in reciprocal markets. In both cases, the critical level of trade costs below which the possibility of trade affects the domestic firm's behavior is the same; trade liberalization increases trade volume monotonically; and...
Persistent link: https://www.econbiz.de/10012825385
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Welfare-Enhancing Trade Unions in an Oligopoly with Excessive Entry
de Pinto, Marco - 2019
evaluation is also justified in a Cournot-oligopoly with free but costly entry. If input markets are competitive and output per … firm declines with the number of firms (business stealing), there is excessive entry into such oligopoly. If trade unions …
Persistent link: https://www.econbiz.de/10012866378
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Third-Degree Price Discrimination in Oligopoly When Markets are Covered
Dertwinkel-Kalt, Markus; Wey, Christian - 2021
We analyze oligopolistic third-degree price discrimination relative to uniform pricing when markets are always covered. Pricing equilibria are critically determined by supply-side features such as the number of firms and their marginal cost differences. It follows that each firm’s Lerner index...
Persistent link: https://www.econbiz.de/10013314756
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Tax Evasion and Competition
Goerke, Laszlo; Runkel, Marco - 2021
Using a Cournot oligopoly model with an endogenous number of firms and evasion of indirect taxes, this paper shows that …
Persistent link: https://www.econbiz.de/10013316822
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Negative Intra-Group Externalities in Two-Sided Markets
Belleflamme, Paul; Toulemonde, Eric - 2021
Two types of agents interact on a pre-existing free platform. Agents value positively the presence of agents of the other type but may value negatively the presence of agents of their own type. We ask whether a new platform can find fees and subsidies so as to divert agents from the existing...
Persistent link: https://www.econbiz.de/10013317024
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Product Differentiation and Oligopoly : A Network Approach
Pellegrino, Bruno - 2023
This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product … corporations in the USA, using publicly-available data. Using the model, I compute firm-level markups and decompose them into: 1) a … excess of 10 US$ trillions (against $3 trillions of profits). Oligopoly lowers total surplus by 11.5% and depresses consumer …
Persistent link: https://www.econbiz.de/10014262031
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On the Welfare Effects of Adverse Selection in Oligopolistic Markets
de Pinto, Marco; Goerke, Laszlo; Palermo, Alberto - 2022
information and sell their output in a homogeneous Cournot-oligopoly. We find that asymmetric information may mitigate or more …
Persistent link: https://www.econbiz.de/10014243167
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Equilibrium and efficiency in the tug-of-war
Konrad, Kai A.; Kovenock, Dan - 2005
We characterize the unique Markov perfect equilibrium of a tug-of-war without exogenous noise, in which players have the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in which the player expending the greater resources wins. In...
Persistent link: https://www.econbiz.de/10010274454