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Competitive Imperfect Price Discrimination and Market Power
Belleflamme, Paul - 2019
Two duopolists compete in price on the market for a homogeneous product. They can 'profile' consumers, i.e., identify their valuations with some probability. If both firms can profile consumers but with different abilities, then they achieve positive expected profits at equilibrium. This...
Persistent link: https://www.econbiz.de/10012858202
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Price discrimination bans on dominant firms
Bouckaert, Jan; Degryse, Hans; Dijk, Theon van - 2008
Competition authorities and regulatory agencies sometimes impose pricing restrictions on firms with substantial market …-prices-to-sheltered-consumers decreases prices in the sheltered segment, relaxes competition in the competitive segment, increases the rival's profits, and … segment, lowers the rival's profits, and augments the consumer surplus. In particular, while second-period competition is …
Persistent link: https://www.econbiz.de/10010264285
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Market segmentation in two-sided markets: TV rights for Premier League
Kind, Hans Jarle; Sørgard, Lars - 2013
This paper analyzes market segmentation in a two-sided market that consists of media consumers and advertisers. The analysis is motivated by a European Court of Justice Decision in October 2011, which allowed viewers to take advantage of international price differences and buy access to Premier...
Persistent link: https://www.econbiz.de/10010291542
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Who (Else) Benefits from Electricity Deregulation? Coal Prices, Natural Gas and Price Discrimination
Hughes, Jonathan E. - 2019
The movement to deregulate major industries over the past 40 years has produced large efficiency gains. However, distributional effects have been more difficult to assess. In the electricity sector, deregulation has vastly increased information available to market participants through the...
Persistent link: https://www.econbiz.de/10012892212
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Asymmetric Information and Differentiated Durable Goods Monopoly : Intra-Period Versus Intertemporal Price Discrimination
Laussel, Didier; Van Long, Ngo; Resende, Joana - 2021
A durable good monopolist faces a continuum of heterogeneous customers who make purchase decisions by comparing present and expected price-quality offers. The monopolist designs a sequence of price-quality menus to segment the market. We consider the Markov Perfect Equilibrium (MPE) of a game...
Persistent link: https://www.econbiz.de/10013212257
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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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Integrated Versus Segmented Markets : Implications for Export Pricing and Welfare
Becker, Raphael; Nigai, Sergey; Seidel, Tobias - 2021
This paper challenges the common assumption of market segmentation in international trade. To analyze export entry and pricing decisions of firms in integrated vs. segmented markets, we develop a novel tractable approach based on stochastic export costs that allows us to compare firm-level and...
Persistent link: https://www.econbiz.de/10013315233
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Price Discrimination Bans on Dominant Firms
Bouckaert, Jan; Degryse, Hans; Dijk, Theon van - 2021
Competition authorities and regulatory agencies sometimes impose pricing restrictions on firms with substantial market …-prices-to-sheltered-consumers decreases prices in the sheltered segment, relaxes competition in the competitive segment, increases the rival's profits, and … segment, lowers the rival's profits, and augments the consumer surplus. In particular, while second-period competition is …
Persistent link: https://www.econbiz.de/10013316614
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Does Reference Pricing Drive Out Generic Competition in Pharmaceutical Markets? Evidence from a Policy Reform
Brekke, Kurt Richard; Canta, Chiara; Straume, Odd Rune - 2022
more agressive, which triggers price competition and potentially deters entry by generic producers. To investigate the … branded and generic drug prices and branded market shares. Despite fiercer price competition, the number of generic producers …
Persistent link: https://www.econbiz.de/10014080046
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Personalized Pricing with Imperfect Customer Recognition
Colombo, Stefano; Graziano, Clara; Pignataro, Aldo - 2023
We consider a duopoly model where firms can identify only a share of consumers, which is positively correlated with the consumer’ preferences. Firms charge personalized prices to the consumers they can recognize and a uniform price to the rest of consumers. The firms’ available information...
Persistent link: https://www.econbiz.de/10014348131