to search, which modifies the search composition of demand such that demand can become more elastic. At the same time …, the consumers who choose to search reduce their search intensity, which makes demand less elastic. Whether the effect on …

of demand functions in markets with evenly matched buyers and sellers. We finally discuss implications for market design …

to search, which modifies the search composition of demand such that demand can become more elastic. At the same time …, the consumers who choose to search reduce their search intensity, which makes demand less elastic. Whether the effect on …

merger by either reducing or increasing both price and quality. Welfare implications are not clear-cut and mergers might …We study the effects of horizontal mergers when firms compete on quality and price. Two key factors are identified: (i … demand. The merging firms will increase (reduce) both quality and price if the degree of competition is sufficiently stronger …

We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the … a horizontal merger that has been ignored in the existing literature. In contrast to the usual belief, we also show that … a horizontal merger may benefit the consumers and the society …

Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export … shipments. In our inventory model, transportation costs and optimal shipment frequency are determined on the basis of demand as …