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Preferential Trade Liberalization with Endogenous Cartel Discipline : Implications for Welfare and Optimal Trade Policies

Agnosteva, Delina - 2020

We consider an international cartel whose members interact repeatedly in their own as well as in third …-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by … the cartel's incentive compatibility constraint (ICC), which links strategically markets that are seemingly unrelated …

Persistent link: https://www.econbiz.de/10012822505

Gender and Collusion

Haucap, Justus; Heldman, Christina; Rau, Holger Andreas - 2022

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals’ incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...

Persistent link: https://www.econbiz.de/10013296722

Understanding the Estimation of Oil Demand and Oil Supply Elasticities

Kilian, Lutz - 2020

This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand elasticities and of incorporating this information into structural VAR models. I not only summarize the state of the literature, but also draw attention to a number of econometric...

Persistent link: https://www.econbiz.de/10012822493

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

Dynamic Entry in Vertically Differentiated Markets

Auer, Raphael A.; Sauré, Philip - 2016

We develop a model of vertical innovation in which firms incur a market entry cost and choose a unique level of quality. Once established, firms compete for market shares, selling to consumers with heterogeneous tastes for quality. The equilibrium of the pricing game exists and is unique within...

Persistent link: https://www.econbiz.de/10011555572

Spatial Differentiation and Market Power in Input Procurement: Evidence from a Structural Model of the Corn Market

Jung, Jinho; Sesmero, Juan; Siebert, Ralph - 2020

We estimate the cost of transporting corn and the resulting degree of spatial differentiation among downstream firms that buy corn from upstream farmers and examine whether such differentiation softens competition enabling buyers to exert market power (defined as the ability to pay a price for...

Persistent link: https://www.econbiz.de/10012179887

Prices and Mergers in a General Model of Multi-Sided Markets

Bajo-Buenestado, Raúl; Kinateder, Markus - 2023

We present a general and tractable oligopoly model of multi-sided platforms with endogenous side and platform choices of heterogeneous end-users, considering any mix of single-homing and multi-homing platforms and in which participating on one side could preclude doing so on others. We show the...

Persistent link: https://www.econbiz.de/10014469612

Exclusive Data, Price Manipulation and Market Leadership

Gu, Yiquan; Madio, Leonardo; Reggiani, Carlo - 2019

The unprecedented access of firms to consumer level data not only facilitates more precisely targeted individual pricing but also alters firms’ strategic incentives. We show that exclusive access to a list of consumers can provide incentives for a firm to endogenously assume the price...

Persistent link: https://www.econbiz.de/10012141054

Merger without cost advantages

Huck, Steffen; Konrad, Kai A.; Mueller, Wieland - 2005

The seminal paper by Salant, Switzer and Reynolds (1983) showed that merger in a standard Cournot framework with linear demand and linear costs is not profitable unless a large majority of the firms are involved in the merger. However, many strategic aspects matter for firm competition such as...

Persistent link: https://www.econbiz.de/10010261187

Spatial Differentiation and Market Power in Input Procurement : Evidence from a Structural Model of the Corn Market

Jung, Jinho - 2020

Persistent link: https://www.econbiz.de/10012841735

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