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Search costs in concentrated markets : an experimental analysis
Möllers, Claudia; Stühmeier, Torben; Wenzel, Tobias - 2016
This paper experimentally studies the role of search cost in duopoly markets where sellers may be able to coordinate … pricing decisions. We vary the level of search cost and whether sellers can communicate. While we find that consumers are more … likely to invest in search when cost is reduced, we find that a reduction of search cost does not influence prices. This …
Persistent link: https://www.econbiz.de/10011555151
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Drip pricing and its regulation : experimental evidence
Rasch, Alexander; Thöne, Miriam; Wenzel, Tobias - 2018
lowest total price, and few consumers invest in drip-price search. A comparison with Bertrand competition reveals significant …
Persistent link: https://www.econbiz.de/10011892971
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Getting beer during commercials : adverse effects of ad-avoidance
Stühmeier, Torben; Wenzel, Tobias - 2010
This paper studies the impact of ad-avoidance behavior in media markets. We consider a situation where viewers can avoid advertisement messages. As the media market is a two-sided market, increased ad-avoidance reduces advertisers' value of placing an ad. We contrast two financing regimes,...
Persistent link: https://www.econbiz.de/10008666980
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Price-dependent demand in spatial models
Gu, Yiquan; Wenzel, Tobias - 2012
This paper introduces price-dependent individual demand into the circular city model of product differentiation. We show that for any finite number of firms, a unique symmetric price equilibrium exists provided that demand functions are not "too" convex. As in the case of unit demand, the number...
Persistent link: https://www.econbiz.de/10009485787
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Competition and corporate control in partial ownership acquisitions
Stühmeier, Torben - 2016
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
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Independent service operators in ATM markets
Wenzel, Tobias - 2013
This paper studies the impact of entry of non-banks (termed Independent Service Operators, ISOs) into ATM markets. We compare two different regimes by which the ISO may generate income: i) The ISO receives interchange fees and ii) the ISO charges consumers directly. We find that due to the entry...
Persistent link: https://www.econbiz.de/10009755721
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Price-sensitive demand and market entry
Gu, Yiquan; Rasch, Alexander; Wenzel, Tobias - 2014
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 compared to the socially optimal outcome.
Persistent link: https://www.econbiz.de/10010423860
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Full versus partial collusion among brands and private label producers
Hasnas, Irina; Wey, Christian - 2015
We analyze the incentives to collude when brand manufacturers compete with a private label producer of inferior quality. Full collusion is easier to sustain than partial collusion from the brands.perspective when horizontal differentiation is large and vertical differentiation is small. The...
Persistent link: https://www.econbiz.de/10011292409
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Non-price effects of mergers and acquisitions
Haucap, Justus; Stiebale, Joel - 2023
In this paper, we summarize the economic literature on non-price effects of mergers and acquisitions (M&As). Specifically, we discuss the effects of M&As on innovation, product variety, and sustainability. Although the relationship is theoretically ambiguous, the vast majority of ex-post...
Persistent link: https://www.econbiz.de/10014310467
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Income inequality and the quality of imports
Ciani, Andrea - 2017
This paper investigates how income inequality affects the quality of imported products. In a heterogeneous-firms trade … imported goods. To test this prediction, I employ detailed firm-level trade data for the period 2001- 2006. I empirically …
Persistent link: https://www.econbiz.de/10011623219