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Algorithmic pricing and competition : empirical evidence from the German retail gasoline market

Assad, Stephanie; Clark, Robert; Ershov, Daniel; Xu, Lei - 2020

Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and competition. In this paper we provide the first empirical analysis of this relationship. We study Germany’s retail gasoline market where algorithmic-pricing software became...

Persistent link: https://www.econbiz.de/10012263827

Competing with asking prices

Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2016

In many markets, sellers advertise their good with an asking price. This is a price at which the seller will take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the seller...

Persistent link: https://www.econbiz.de/10011488000

Sustainability of product market collusion under credit market imperfections

Marjit, Sugata; Mukherjee, Arijit; Yang, Lei - 2016

We study the implications of credit constraints for the sustainability of product market collusion in a bank … degree of collusion, but a substantial increase keeps it unaffected relative to the no-constraint case. A permanent adverse … demand shock in this setup does not affect the possibility of collusion, but may aggravate financing constraints and …

Persistent link: https://www.econbiz.de/10011587934

Advertising competition in the free-to-air TV broadcasting industry

Ivaldi, Marc; Zhang, Jiekai - 2017

This paper empirically investigates the advertising competition in the French broadcast television industry within a two-sided market framework. We use a unique dataset on the French broadcast television market including audience, prices, and quantities of advertising of twenty-one TV channels...

Persistent link: https://www.econbiz.de/10011646956

Ten facts on declining business dynamism and lessons from endogenous growth theory

Akcigit, Ufuk; Ates, Sina T. - 2019

In this paper, we review the literature on declining business dynamism and its implications in the United States and propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced stylized facts related to declining business dynamism...

Persistent link: https://www.econbiz.de/10012104042

Turning the page on business formats for digital platforms : does Apple's agency model soften competition?

Foros, Oystein; Kind, Hans Jarle; Shaffer, Greg Eric - 2013

The agency model used by Apple and other platform providers such as Google allows upstream firms (content providers like book publishers and developers of apps) to choose the retail prices of their products (RPM) subject to a fixed revenue-sharing rule. We show that (i) this leads to higher...

Persistent link: https://www.econbiz.de/10009786199

The economics of platforms : a theory guide for competition policy

Jullien, Bruno; Zantman, Wilfried Sand- - 2020

We propose an analysis of platform competition based on the academic literature with a view towards competition policy. First, we discuss to which extent competition can emerge in digital markets and show which forms it can take. In particular, we underline the role of dynamics, but also of...

Persistent link: https://www.econbiz.de/10012258099

The effect of mergers on variety in grocery retailing

Argentesi, Elena; Buccirossi, Paolo; Cervone, Roberto; … - 2021

We study the effect of a merger between two Dutch supermarket chains to assess its effect on the depth as well as composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in the merger's effects, controlling for selection on observables through a...

Persistent link: https://www.econbiz.de/10012543525

Consumer loss aversion and scale-dependent psychological switching costs

Karle, Heiko; Schumacher, Heiner; Vølund, Rune - 2021

We consider the Salop (1979) model of product differentiation and assume that consumers are uncertain about the qualities and prices of firms’ products. They can inspect all products at zero cost. A share of consumers is expectation-based loss averse. For these consumers, a purchase plan,...

Persistent link: https://www.econbiz.de/10012624849

Bank consolidation, interest rates, and risk : a post-merger analysis based on loan-level data from the corporate sector

Juranek, Steffen; Nilsen, Øivind Anti; Ulsaker, Simen A. - 2021

In this paper we analyse the bank merger between DnB and Gjensidige Bank in 2003, ranked by market share as number one and number three in the Norwegian bank market. Focusing on loans to firms, our difference-in-differences analysis shows no increase of concentration of new loans. The...

Persistent link: https://www.econbiz.de/10012698803