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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
competition environments affect product prices. Using big data, we find that price variations are caused mainly by differential … competitive environments. More specifically, we find that Brand Competition Within Stores exerts the largest downward pressure on … prices. A 10 percent increase in the number of brands reduces prices by about 10 percent. Product Competition Within Stores …
Persistent link: https://www.econbiz.de/10015065342
This paper empirically investigates the advertising competition in the French broadcast television industry within a … oligopoly competition and identify the shape and magnitude of the feedback loop between TV viewers and advertisers. We also … implement a simple procedure to identify the conduct of firms on the market. We find that the nature of competition in the …
Persistent link: https://www.econbiz.de/10011646956
Persistent link: https://www.econbiz.de/10003379831
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
competition. In this paper we provide the first empirical analysis of this relationship. We study Germany’s retail gasoline market … outcomes linked to competition. Because station-level adoption is endogenous, we use brand headquarter-level adoption decisions … increase by 28% in markets where both do. These results suggest that AI adoption has a significant effect on competition. …
Persistent link: https://www.econbiz.de/10012263827
I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate these complementarities, which in these markets arise due...
Persistent link: https://www.econbiz.de/10010356362
Unlike standard auctions, we show that competitive procurement may optimally limit competition or use inefficient … auction to guard against firms bidding low to win the contract and then cutting back on effort. While competition helps reduce …
Persistent link: https://www.econbiz.de/10012421254
The Colonel Blotto game is a two-player constant-sum game in which each player simultaneously distributes her fixed level of resources across a set of contests. In the traditional formulation of the Colonel Blotto game, the players’ resources are use it or lose itʺ in the sense that any...
Persistent link: https://www.econbiz.de/10003749476
Many economic and political decisions are the outcome of strategic contests for a given prize. The nature of such contests can be determined by a designer who is driven by political considerations with a specific political culture. The main objective of this study is to analyze the effect of...
Persistent link: https://www.econbiz.de/10008696663