Showing 1 - 10 of 23
game, where firms lobby for regulation before they compete in the product market, we derive a testable measure of lobbying … strukturellen Ansatz. In einem sequentiellen Spiel, wo die Firmen für Regulierung Lobbyismus betreiben, bevor sie im Produktmarkt … die Preisgrenzen zu lockern und kostenbezogene Regulierung abzumildern.</i> …
Persistent link: https://www.econbiz.de/10005772926
In media markets, products are highly differentiated but prices are often bunched at apparent focal points. I use a comprehensive cross-section data set on the German book market to assess whether such focal points are a result of upstream coordination and whether the option to impose resale...
Persistent link: https://www.econbiz.de/10005772891
I study Cournot competition under incomplete information about demand while assuming that market price must be non-negative for all demand realizations. Although this assumption is very natural, it has only rarely been made in the earlier literature. Yet it has important economic consequences:...
Persistent link: https://www.econbiz.de/10005827677
Investments in Generating Capacities between a monopolist and two competing firms are compared where the firms invest in their capacity and fix the retail price while electricity demand is uncertain. A unit price auction determines the wholesale electricity price when the firms compete. They...
Persistent link: https://www.econbiz.de/10005772941
The paper offers a new theoretical framework to examine the role of intermediaries between creators and potential users of new inventions. Using a model of university-industry technology transfer, we demonstrate that technology transfer offices can provide an opportunity to economize on a...
Persistent link: https://www.econbiz.de/10005612423
This paper gives conditions under which vertical separation is chosen by some upstream firms, while vertical integration is chosen by others in the equilibrium of a symmetric model. A vertically separating firm trades off fixed contracting costs against the strategic benefit of writing a...
Persistent link: https://www.econbiz.de/10005272757
We develop a model in which a profit-maximizing monopolist with uncertain cost of production sells to loss-averse, yet rational, consumers. We first introduce (portable) techniques for analyzing the demand of such consumers, and then investigate the monopolist's pricing strategy. Compared to...
Persistent link: https://www.econbiz.de/10005272758
This paper argues that the study of policy incidence in industrial organization needs to take the endogeneity of government into account. The point is made by investigating whether political considerations are important in terms of understanding the causes and effects of deregulation using data...
Persistent link: https://www.econbiz.de/10005772914
Governments in the EU grant Rescue and Restructure Subsidies to bail out ailing firms. In an international asymmetric Cournot duopoly we study effects of such subsidies on market structure and welfare. We adopt a common market setting, where consumers from the two countries form one market. We...
Persistent link: https://www.econbiz.de/10005248551
The domestic airline merger phenomenon of the late 1980s and early 1990s sparked a great deal of Industrial Organization (IO) literature; yet, that literature neglected non-US domestic mergers and potential for international competitive gains. Using an International Business perspective to...
Persistent link: https://www.econbiz.de/10005772898