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Transparency and tacit collusion in a differentiated market
Schultz, Christian - 2002
This paper investigates the effects on tacit collusion of increased market transparency on the consumer side of a … market in a differentiated Hotelling duopoly. Increasing market transparency increases the benefits to a firm from … sustain. In the limiting homogeneous market, the effect vanishes. Here market transparency does not affect the possibilities …
Persistent link: https://www.econbiz.de/10011409987
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Charity auctions for the happy few
Bos, Olivier (contributor) - 2008
Recent literature has shown that all-pay auctions raise more money for charity than winner-pay auctions. We demonstrate that the first and second-price winner-pay auctions generate higher revenue than first-price all-pay auctions when bidders are sufficiently asymmetric. To prove it, we consider...
Persistent link: https://www.econbiz.de/10003751164
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The generalized Stackelberg equilibrium of the all-pay auction with complete information
Konrad, Kai A. (contributor);  … - 2005
We characterize the equilibrium of the all-pay auction with general convex cost of effort and sequential effort choices. We consider a set of n players who are arbitrarily partitioned into a group of players who choose their efforts "early"; and a group of players who choose "late". Only the...
Persistent link: https://www.econbiz.de/10003297492
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Immediate demand reduction in simultaneous ascending bid auctions
Riedel, Frank (contributor); Wolfstetter, Elmar (contributor) - 2004
The present note analyzes the Simultaneous Ascending Bid Auction with arbitrarily many bidders with decreasing marginal valuations under complete information. We show that the game is solvable by iterated elimination of weakly dominated strategies if the efficient allocation assigns at least one...
Persistent link: https://www.econbiz.de/10002521184
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Negative intra-group externalities in two-sided markets
Belleflamme, Paul (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003498634
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Mergers and partial ownership
Foros, Oystein; Kind, Hans Jarle; Shaffer, Greg Eric - 2010
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...
Persistent link: https://www.econbiz.de/10003925257
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Beyond the dogma of the fixed book price agreement
Ploeg, Frederick van der - 2003
After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is … market is one of imperfect competition, but even so the cross-subsidy argument is unlikely to be valid. A qualitative …
Persistent link: https://www.econbiz.de/10011507914
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Does laboratory trading mirror behavior in real world markets? : fair bargaining and competitive bidding on EBay
Bolton, Gary E. (contributor); Ockenfels, Axel (contributor) - 2008
Persistent link: https://www.econbiz.de/10003647263
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The market for conservation and other hostages
Harstad, Bård - 2013
long as the seller conserves. This contradiction implies that the market for conservation cannot be efficient and … conservation is likely to fail. A leasing market is inefficient for similar reasons and dominates the sales market if and only if … the conservation value is low, the consumption value high, and the buyerś protection cost large. The theory explains why …
Persistent link: https://www.econbiz.de/10009764409
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The genesis of venture capital : lessons from the German experience
Becker, Ralf; Hellmann, Thomas - 2003
capital firm examines the difficulties of creating a venture capital market in a bank-based financial system. The analysis …), arguing that the existence of an active stock market is a necessary, but by no means sufficient condition for the development …
Persistent link: https://www.econbiz.de/10011506429