Showing 1 - 10 of 24
greater retail competition. These effects mitigate distortions from fee discrimination and improve welfare. In terms of policy …
Persistent link: https://www.econbiz.de/10012692299
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/10012129753
This paper evaluates differential prize taxation and structural discrimination as a means of increasing efforts in the most widely studied contests. We establish that a designer who maximizes efforts subject to a balanced-budget constraint prefers dual discrimination, namely, change of the...
Persistent link: https://www.econbiz.de/10009540773
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/10013285854
We investigate the effect of a ban on third-degree price discrimination on the sustainability of collusion. We build a model with two firms that may be able to discriminate between two consumer groups. Two cases are analyzed: (i) Best-response symmetries so that profits in the static Nash...
Persistent link: https://www.econbiz.de/10011434582
lists of consumers, exclusive data availability intensifies market competition. …
Persistent link: https://www.econbiz.de/10012104125
In this study, we investigate behavioral constraints on pricing by using a novel laboratory experiment in which actual consumption goods are traded. We test different models and provide several insights into pricing and reactions to price discrimination. First, we identify the extent to which...
Persistent link: https://www.econbiz.de/10011568753
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 …
Persistent link: https://www.econbiz.de/10011569602
The paper shows that taking inventory control out of the hands of competitive or exclusive retailers and assigning it … because doing so solves incentive distortions that arise when retailers have to allocate inventory across sales periods, and …
Persistent link: https://www.econbiz.de/10011742575
voluntarily under PWYW. Furthermore, to see how competition affects the viability of PWYW, we implement markets in which a PWYW …
Persistent link: https://www.econbiz.de/10010431266