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Competition in the presence of individual demand uncertainty

Möller, Marc; Watanabe, Makoto - 2013

This paper sheds light on a recent empirical controversy about the effect of competition on price discrimination in airline markets (Borenstein and Rose (1994), Gerardi and Shapiro, (2009)). We introduce individual demand uncertainty into Hotelling’s model of horizontal product differentiation...

Persistent link: https://www.econbiz.de/10010226097

Market structure and advance selling

Möller, Marc; Watanabe, Makoto - 2016

When products are sold in advance, i.e. prior to consumption, consumers trade off an early, uninformed purchase at a low price against a late, informed purchase at a high price. This paper considers the effect of market structure on the prevalence of advance selling. We show that in an...

Persistent link: https://www.econbiz.de/10011446893

Bargaining power and quantity discounts to retailers : evidence from India's pharmaceutical industry

Antonecchia, Gianluca; Bhaskarabhatla, Ajay; Pennings, … - 2024

This paper develops a novel theory linking quantity discounts to bargaining power in scenarios where retailers …, organized as a trade association, negotiate uniform wholesale prices with suppliers. Our theory predicts that suppliers offer … observed. Our findings provide empirical support for the proposed theory. …

Persistent link: https://www.econbiz.de/10014583242

On the benefits of being alone : scheduling changes, intensity of competition and dynamic airline pricing

Kerkemezos, Yannis; Karreman, Bas - 2020

We empirically test the hypothesis that the discounts offered by firms to consumers who purchase tickets in advance 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...

Persistent link: https://www.econbiz.de/10012251366

Single-till versus dual-till regulation of airports

Czerny, Achim Ingo; Zhang, Anmin - 2015

Most airports operate under public ownership, while some are privatized and economically regulated. Only a few airports are privately owned and experience little or no ex-ante regulation of airport charges. On the other hand, airports nowadays earn as much revenue from transport-related...

Persistent link: https://www.econbiz.de/10010510068

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 to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized information is available and participants cannot...

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

Duopoly dynamics with a barrier to entry

Abbring, Jaap H.; Campbell, Jeffrey R. - 2007

This paper considers the effects of raising the cost of entry for a potential competitor on infinite-horizon Markov-perfect duopoly dynamics with ongoing demand uncertainty. All entrants serving the model industry incur sunk costs, and exit avoids future fixed costs. We focus on the unique...

Persistent link: https://www.econbiz.de/10011372510

Signaling quality through prices in an oligopoly

Janssen, Maarten C. W.; Roy, Santanu - 2007

Firms signal high quality through high prices even if the market structure is highly competitive and price competition is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is increasing in quality and the quality of each firm’s product...

Persistent link: https://www.econbiz.de/10011372971

Dynamic efficiency of product market competition

Hinloopen, Jeroen; Vandekerckhove, Jan - 2007

We consider the efficiency of Cournot and Bertrand equilibria in a duopoly with substitutable goods where firms invest in process R&D. Under Cournot competition firms always invest more in R&D than under Bertrand competition. More importantly, Cournot competition yields lower prices than...

Persistent link: https://www.econbiz.de/10011373823

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

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