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Financial intermediation and entry deterrence

Jain, Neelam; Jeitschko, Thomas D.; Mirman, Leonard J. - 2000

In this paper, we analyze the interaction between an incumbent firm's financial contract with abank and its product market decisions in the face of the threat of entry, in a dynamic model.The main results of the paper are: there exists a separating equilibrium with no limit pricing; thelow-cost...

Persistent link: https://www.econbiz.de/10011316901

Platform intermediation in a market for differentiated products

Galeotti, Andrea; Moraga-González, José Luis - 2008

Persistent link: https://www.econbiz.de/10003690010

Platform intermediation in a market for differentiated products

Galeotti, Andrea; Moraga-González, José Luis - 2008 - Rev.: February 2008

We study a two-sided market where a platform attracts firms selling differentiated products and buyers interested in those products. In the unique subgame perfect equilibrium of the game, the platform fully internalizes the network externalities present in the market and firms and consumers all...

Persistent link: https://www.econbiz.de/10011374421

Marketmaking middlemen

Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016

This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode by which an intermediary holds inventories...

Persistent link: https://www.econbiz.de/10011520869

Lump sum moving cost and aggregate office space use : theory and empirical evidence for the Netherlands, 1974 - 1995

Romijn, Gerbert - 1997

Persistent link: https://www.econbiz.de/10000953266

Office space in the Netherlands, 1974 - 1995

Romijn, Gerbert - 1997

Persistent link: https://www.econbiz.de/10000972438

Firm-specific information and explicit collusion in experimental oligopolies

Gomez-Martin, Francisco; Onderstal, Sander; Sonnemans, Joep - 2015

We experimentally study the effect of information about competitors ́actions on cartel stability and firms ́incentives … information is available and participants cannot communicate. In contrast, when communication is possible, results reverse …: Markets become less competitive and cartels become more stable when individualized information is available. We also observe …

Persistent link: https://www.econbiz.de/10010532614

Stick to the plan? : a revealed-preference study of behavioural impacts of traffic information

Tseng, Yin-Yen; Knockaert, Jasper; Verhoef, Erik T. - 2010 - This version: 14/07/10

traffic information on traveller behaviour. Specifically, we distinguish between the marginal impact of expected travel times …-phone with traffic information as a reward in our experiment respond to the deviation of actual travel times from the expectation …, which they did not do before. This we interpret as evidence that traffic information indeed affects behaviour. We also find …

Persistent link: https://www.econbiz.de/10011381015

The economics of information in transport

Rietveld, Piet - 2010

the last decade large efforts have been made to increase the availability of information to travelers by means of advanced … traveler information systems (ATIS). This paper reviews economic aspects of information in transport markets. First, I will … discuss information acquisition from an economics perspective by characterizing costs and benefits of information, leading to …

Persistent link: https://www.econbiz.de/10011382086

Price discovery on foreign exchange markets with differentially informed traders

Jong, Frank de; Mahieu, Ronald J.; Schotman, Peter C.; … - 1999

This paper uses Reuters exchange rate data to investigate thecontributions to the price discovery process by individual banks in theforeign exchange market. We propose multivariate time series models aswell as models in tick time to study the dynamic relations between thequotes of individual...

Persistent link: https://www.econbiz.de/10011301161