This paper sheds light on a recent empirical controversy about the effect of competition on price discrimination in … sales that is more skewed towards low prices. We show that whether competition has a positive or a negative effect on the …

We develop a method to measure the intensity of competition between firms. Our method, which we call the Best Response …

allocate his resources so as to direct his competition towards particular rivals -- we call such competition selective. The … setting can be applied to a wide variety of cases: competition between firms, competition between political parties, warfare …

frequency, passenger connecting costs, airline endogenous hub location and route structure strategic competition. We find that …

in separate stages, as then firms want to limit the toll competition by setting lower capacities; or when firms set … higher capacities. In our Stackelberg competition, the firms that act last have few if any capacity decisions to influence …. Hence, they are more concerned with the toll-competition substage, and set a higher volume/capacity ratio than sociall y …

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 Bertrand competition when the R&D production process is efficient, when … competition exceeds that under Bertrand competition is even larger as competition over quantities always yields the largest …