A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have … uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function …. Price-cost margins and bid shading are affected by the parameters of the information structure: supply functions are steeper …

uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition … the collusive level. Furthermore, competition in supply functions aggregates the dispersed information of firms (the …A Bayesian supply function equilibrium is characterized in a market where firms have private information about their …

applies more generally to duopoly pricing …

competition between the TV channels, since they take into account the fact that a lower viewer price at one channel will harm …

This paper presents a simple model of airline schedule competition that circumvents the complexities of the spatial … approach used in earlier papers. Consumers choose between two duopoly carriers, each of which has evenly spaced flights, by …

-Nash equilibria in a duopoly. Comparing equilibrium prices to the prices set by a multiproduct monopolist, we show that competition … drives prices up and may lead to price dispersion. Competition reduces total surplus in the short run but provides higher …

In a recent paper, Alipranti et al. (2014, Price vs. quantity competition in a vertically related market, Economics … Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to … Bertrand competition if the upstream firm subsidises the quantity setting downstream firm's production via negative wholesale …

strategic aspects matter for firm competition such as the internal organization of the firm, the time structure of decision … making, information aspects of competition, or the imbeddedness of firm competition in a strategic trade competition game …

This paper sheds light on an empirical controversy about the effect of competition on price discrimination. We … shows that whether competition has a positive or negative effect on price dispersion depends on the level of demand …

competition from a third firm offering a generic version perceived to be of lower quality. This model allows us to compare generic … reference pricing (GRP), therapeutic reference pricing (TRP), and no reference pricing (NRP). We show that competition is …