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between the old andthe new technology and on whether firms compete in prices. Without price competition, a partiallock …-in occurs if (and only if) the quality difference is small. In the presence of price competition,lock-in in the traditional …
Persistent link: https://www.econbiz.de/10011304401
increase with the intensity of competition. We develop a new measure of competition for which we use the proximity (in … departure time) of a given flight to its competitors to infer the intensity of competition and estimate the impact of … competition on advance purchase discounts (APDs) and the dynamic pricing of airlines by exploiting plausibly exogenous changes in …
Persistent link: https://www.econbiz.de/10012251366
We extend the models in ("Competition in two-sided markets" of Armstrong (2006, Rand Journal of Economics) by adding …
Persistent link: https://www.econbiz.de/10011295713
Persistent link: https://www.econbiz.de/10001527591
The main contribution of entrepreneurship theory to economics is to provide an account of market performance in … in undershoots a lack of competition between incumbent firms contributes to restoration of equilibrium (creating room for … new-firm entry) while in overshoots competition induced by new firms (in particular strong displacement) helps restore …
Persistent link: https://www.econbiz.de/10011377541
penalize poorly performing entrepreneurs by terminating their projects. Based on this tradeoff we develop a theory of financing …
Persistent link: https://www.econbiz.de/10011378146
In its landmark ruling in Illinois Brick Co. v. Illinois in 1977, the U.S. Supreme Court restricted standing to sue for recovery of antitrust damages to direct purchasers. However, antitrust damages are typically (in part) passed on to intermediaries lower in the chain of production and...
Persistent link: https://www.econbiz.de/10011343268
Using a comprehensive international trade data set we investigate empirical regularities (known as Zipf’s Law or the rank-size rule) for the distribution of the interaction between countries as measured by revealed comparative advantage. Using the recently developed estimator by Gabaix and...
Persistent link: https://www.econbiz.de/10011349703
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
competition in personalized pricing: Sellers compete in o§ering consumer surplus, personalized prices are constrained monopoly …
Persistent link: https://www.econbiz.de/10013164249