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Multi-product bargaining, bundling, and buyer power
Dertwinkel-Kalt, Markus; Wey, Christian - 2019
We re-consider the bilateral bargaining problem of a multi-product, manufacturer-retailer trading relationship. O'Brien and Shaffer (Rand JE 35:573-598, 2005) have shown that the unbundling of contracts leads to downward distorted production levels if seller power is strong, while otherwise the...
Persistent link: https://www.econbiz.de/10012139155
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Third-degree price discrimination in oligopoly when markets are covered
Dertwinkel-Kalt, Markus; Wey, Christian - 2020
We analyze oligopolistic third-degree price discrimination relative to uniform pricing, when markets are always covered. Pricing equilibria are critically determined by supply-side features such as the number of firms and their marginal cost differences. It follows that each firm's Lerner index...
Persistent link: https://www.econbiz.de/10012208315
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Resale price maintenance in a successive monopoly model
Dertwinkel-Kalt, Markus; Wey, Christian - 2023
We present a model to explain why a manufacturer may impose a minimum resale price (min RPM) in a successive monopoly … substitute good and/or the effort the retailer exerts for service provision or advertising. Our explanation for a min RPM is …
Persistent link: https://www.econbiz.de/10013539548
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Backward ownership, uniform pricing and entry deterrence
Hunold, Matthias - 2017
Entry deterrence can occur when downstream incumbents hold non-controlling ownership shares of a supplier which is commited to charge uniform prices to all downstream firms. The ownership shares imply a rebate on the input price for the incumbents through the profit participation. Such backward...
Persistent link: https://www.econbiz.de/10011649373
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Single monopoly profits, vertical mergers, and downstream entry deterrence
Hunold, Matthias; Schad, Jannika - 2021
We review the Chicago school's single monopoly profit theory whereby an upstream monopolist cannot increase its profits …
Persistent link: https://www.econbiz.de/10012704705
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Foreclosure and tunneling with partial vertical ownership
Hunold, Matthias; Petrishcheva, Vasilisa - 2022
We study the incentives of firms that hold partial vertical ownership to foreclose rivals. Compared to a full vertical merger, with partial ownership, a firm may obtain only part of the target's profit but may nevertheless be able to influence the target's strategy significantly. The target may...
Persistent link: https://www.econbiz.de/10013382329
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Private information, price discrimination, and collusion
Peiseler, Florian; Rasch, Alexander; Shekhar, Shiva - 2018
We analyze firms' ability to sustain collusion in a setting in which horizontally differentiated firms can price-discriminate based on private information regarding consumers' preferences. In particular, firms receive private signals which can be noisy (e.g., big data predictions). We find that...
Persistent link: https://www.econbiz.de/10011892956
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Communication in vertical markets : experimental evidence
Möllers, Claudia; Normann, Hans-Theo; Snyder, … - 2016
total offered quantity from near the Cournot level (observed in the absence of communication) halfway toward the monopoly …
Persistent link: https://www.econbiz.de/10011518962
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Non-comparative and comparative advertising in oligopolistic markets
Alipranti, Maria; Mitrokostas, Evangelos; Petrakēs, … - 2016
We study firms' advertising strategies in an oligopolistic market in which both non-comparative and comparative … advertising are present. We show that in equilibrium firms mix over the two types of advertising, with the intensity of … comparative advertising exceeding that of non-comparative advertising; moreover, that the intensity of comparative increases …
Persistent link: https://www.econbiz.de/10011552293
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Technology licensing by advertising supported media platforms an application to internet search engines
Sapi, Geza; Suleymanova, Irina - 2011
We develop a duopoly model with advertising supported platforms and analyze incentives of a superior firm to license … network effects arising fromthe aversion of users to advertising. We establish a relationship between licensing incentives and … the advertising intensity, benefits advertisers and harms users. Our model provides a rationale for technology …
Persistent link: https://www.econbiz.de/10009160924