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This paper studies the welfare consequences of a vertical merger that raises rivals costs when downstream competition … is à la Cournot between firms with constant asymmetric marginal costs. The main result is that such a vertical merger can …
Persistent link: https://www.econbiz.de/10011410253
heterogeneous firms and show that asymmetric costs imply asymmetric CSR levels. …
Persistent link: https://www.econbiz.de/10011659485
We compare the strategic potential of Corporate Social Responsibility and Customer Orientation as commitments to larger quantities in Cournot competition. In addition to profits, firms can choose to care for the surplus of either all consumers (CSR) or their own customers only (CO), and if so,...
Persistent link: https://www.econbiz.de/10011387393
A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have … with more noise in the private signals or more correlation among the costs parameters. In fact, for large values of noise …
Persistent link: https://www.econbiz.de/10003910453
uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition … private signals or more correlation among the costs parameters. In fact, for large values of noise or correlation supply …
Persistent link: https://www.econbiz.de/10003763172
technological change for sufficiently small fixed costs of adoption. In the presence of economies of scope, firms may adopt the …
Persistent link: https://www.econbiz.de/10011540791
We study the propensity of independent algorithms to collude in repeated Cournot duopoly games. Specifically, we …
Persistent link: https://www.econbiz.de/10015186355
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
leads to lower costs of CCS. Using a Hotellling model with two storage sites, each being located at each end of the …
Persistent link: https://www.econbiz.de/10014514928
We examine the role of CSR as a mechanism for private provision of public goods. We argue that corporations are using CSR to signal high product quality and demonstrate that signaling gives rise to an excessive level of contributions that offsets the positive externality, which causes the...
Persistent link: https://www.econbiz.de/10010404406