Showing 1 - 10 of 36
We study the effect of entry on the price distribution in the German retail gasoline market. Exploiting more than 700 … entries over five years in an event study design, we find that entry causes a persistent first-order stochastic shift in the … to 12% of stations’ gross margins. Consumers with easy access to information on prices gain the most from entry. The …
Persistent link: https://www.econbiz.de/10014310490
This paper analyzes the productivity in the US rail industry for the period 1980 - 2006. I propose a value-added production framework to circumvent the problem of measurement error in one input. I find evidence showing that aggregate productivity gains can be attributed to returns to scale and...
Persistent link: https://www.econbiz.de/10009755723
This paper investigates the effects of mergers, entry, and exit in retail markets when input prices are negotiated …
Persistent link: https://www.econbiz.de/10011334106
This paper investigates the effects of changes in retail market concentration when input prices are negotiated. Results are derived from a model of bilateral Nash-bargaining between upstream and downstream firms which allows for general forms of demand and retail competition. Whether...
Persistent link: https://www.econbiz.de/10011654786
to advertising decreases revenues and entry in the free-to-air regime. In contrast, in the pay-TV regime, lower income …
Persistent link: https://www.econbiz.de/10008666980
Many countries with national health care providers and health insurances regulate the market for pharmaceuticals to steer drug demand and to control expenses. For example, they introduce reference pricing or tiered co-payments to enhance drug substitution and competition. Since 2006, Germany...
Persistent link: https://www.econbiz.de/10009522774
not "too" convex. As in the case of unit demand, the number of firms under free entry decreases in the fixed cost of entry … optimal level. Insufficient entry occurs when the fixed and transportation costs are high. -- Spatial Models ; Price …-Dependent Demand ; Horizontal Product Differentiation ; Demand Elasticity ; Excess Entry Theorem …
Persistent link: https://www.econbiz.de/10009485787
Competition authorities have a growing interest in assessing the effects of partial ownership arrangements. We show that the effects of such agreements on competition and welfare depend on the intensity of competition in the market and on the firms' governance structure. When assessing the...
Persistent link: https://www.econbiz.de/10011429072
This paper analyzes the determinants of pass-through that are specific to vertical relationships between wholesalers and retailers. Fluctuations in input costs (due to, e.g., exchange rate shocks) are transmitted first to the wholesale price, and then to the retail price. The type of vertical...
Persistent link: https://www.econbiz.de/10011381689
This paper studies the impact of entry of non-banks (termed Independent Service Operators, ISOs) into ATM markets. We … charges consumers directly. We find that due to the entry of an ISO the size of the total ATM network increases independent of … consumers directly. Consumers may not benefit from the entry of the ISO. If a regulator can control the interchange fee, entry …
Persistent link: https://www.econbiz.de/10009755721