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
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
We analyze the impact of product bundling in experimental markets. One firm has monopoly power in a first market but competes with another firm à la Cournot in a second market. We compare treatments where the multi-product firm (i) always bundles, (ii) never bundles, and (iii) chooses whether...
Persistent link: https://www.econbiz.de/10010204789
This paper studies the impact of software piracy in a two-sidedmarket setting. Software platforms attract developers and users to maximize their profits. The equilibrium price structure is affected by piracy: license fees to developers are higher with more software protection but the impact on...
Persistent link: https://www.econbiz.de/10009710033
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
This paper revisits the optimal entry decision in a differentiated product market where customer demand is price …-sensitive and depends on a per-unit transport cost. We show that too few firms may enter for high entry cost and high transport cost …
Persistent link: https://www.econbiz.de/10010423860