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extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in …
Persistent link: https://www.econbiz.de/10013503368
that competition drives prices up and reduces total surplus. …
Persistent link: https://www.econbiz.de/10002521692
products’ attractiveness and endogenous competition. The model is motivated by two novel stylized facts using Danish … feature the toughest competition. Depending on the strength of competition, two sorting patterns are possible: one in which … quantifying our model, we find that product-specific differences in attractiveness and competition explain a quarter of the …
Persistent link: https://www.econbiz.de/10014551012
We show that for a spatially differentiated economy reduced product variety is the likely outcome of mergers except in cases where exit costs in relation to (outlet-specific) fixed costs are high. Our empirical analysis of the Austrian retail gasoline market confirms that increases in...
Persistent link: https://www.econbiz.de/10011451069
dimensions,following the tradition of Hotelling and Cournot competition. The horizontal product attribute is programmequality or …
Persistent link: https://www.econbiz.de/10011400384
This paper examines how product market competition affects firms' timing of adopting a new technology as well as … but also among markets with Cournot and Bertrand competition. More specifically, Cournot competition can lead to earlier … adoption than Bertrand competition. It shows also that competition toughness does not always reinforce adoption incentives …
Persistent link: https://www.econbiz.de/10003854416
Our study puts special attention to the fact that R&D cooperations in the pharmaceutical industry are formed at different stages throughout the drug development process. We study if the timing to engage in R&D cooperations in the pharmaceutical industry has different impacts on the technology...
Persistent link: https://www.econbiz.de/10010229875
The purpose of this article is to analyze how competitive forces may influence the way media firms like TV channels raise revenue. A media firm can either be financed by advertising revenue, by direct payment from the viewers (or the readers, if we consider newspapers), or by both. We show that...
Persistent link: https://www.econbiz.de/10003861802
Persistent link: https://www.econbiz.de/10003379831
We model competition on a credence market governed by an imperfect label, signaling high quality, as a rank …
Persistent link: https://www.econbiz.de/10014336462