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Bertrand Competition in Markets with Network Effects and Switching Costs

Suleymanova, Irina; Wey, Christian - Universität <Berlin, Humboldt-Universität> / … - 2008

. Depending on the ratio of switching costs to network effects, our model generates convergence to monopoly as well as market … switching costs market sharing is the unique equilibrium and for small switching costs both monopoly and market sharing … equilibria emerge. We also analyze stationary and stable equilibria, where we show that a monopoly outcome is almost inevitable …

Persistent link: https://www.econbiz.de/10005863289

Bertrand Competition in Markets with Network Effects and Switching Costs

Suleymanova, Irina; Wey, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

Persistent link: https://www.econbiz.de/10004963747

The Incentives for Takeover in Oligopoly

Inderst, Roman; Wey, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2004

We present a model of takeover where the target optimally sets its reserve price. Under relatively standard symmetry restrictions, we obtain a unique equilibrium. The probability of takeover is only a function of the number of .rms and of the insiders. share of total industry gains due to the...

Persistent link: https://www.econbiz.de/10004963874

Mergers in Imperfectly Segmented Markets

Baake, Pio; Wey, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

We present a model with firms selling (homogeneous) products in two imperfectly segmented markets (a "high-demand" and a "low-demand" market). Buyers are mobile but restricted by transportation costs, so that imperfect arbitrage occurs when prices differ in both markets. We show that equilibria...

Persistent link: https://www.econbiz.de/10005026827