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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 sheds light on an empirical controversy about the effect of competition on price discrimination. We … shows that whether competition has a positive or negative effect on price dispersion depends on the level of demand …
Persistent link: https://www.econbiz.de/10010211444
regulatory tools – a data minimization principle and a price cap – that can be used by data protection agencies and competition …
Persistent link: https://www.econbiz.de/10012219379
This paper investigates the implications for international markets of the existence of retailers/wholesalers with market power. Two main results are shown. First, in the presence of buyer power trade liberalization may lead to retail market concentration. Due to this concentration retail prices...
Persistent link: https://www.econbiz.de/10003872802
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
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
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
uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition … the collusive level. Furthermore, competition in supply functions aggregates the dispersed information of firms (the …A Bayesian supply function equilibrium is characterized in a market where firms have private information about their …
Persistent link: https://www.econbiz.de/10003763172
A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have … uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function …. Price-cost margins and bid shading are affected by the parameters of the information structure: supply functions are steeper …
Persistent link: https://www.econbiz.de/10003910453
subsidies for biofuel production such that the supply-side responses by fossil fuel producers may more than offset the …
Persistent link: https://www.econbiz.de/10003938736