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. Regulation of the price that the MaaS firm has to pay may lower prices, but, compared to the Integrator model, the change is … of transportation. In particular, we analyse three archetypical ways in which MaaS could be operationalised: Integrator …, Platform, and Intermediary. We find that these models differ strongly in how consumers and firms are affected by the …
Persistent link: https://www.econbiz.de/10012817166
archetype ways in which MaaS could be operationalized: Integrator, Platform, and Intermediary. We find that these models differ …. Regulation of the price that the MaaS firm has to pay may further lower prices, but compared to the Integrator the difference is … or higher. The Platform tends to lead to an outcome that is relatively close to Free Competition without Maas: prices can …
Persistent link: https://www.econbiz.de/10012262365
We develop a model of strategic networks that captures two distinctive features of interfirm collaboration: bilateral agreements and nonexclusive relationships. Our analysis highlights the relationship between market competition, firms' incentives to invest in R&D, and the architecture of...
Persistent link: https://www.econbiz.de/10011303857
This paper argues that the conventional definition of the elasticity of complementarity is not well suited to deal with the case of increasing returns. It proposes a slightly different formula, that uses a distance function formulation instead of a production function. The proposed definition...
Persistent link: https://www.econbiz.de/10011337999
Autonomous cars allow safe driving with a smaller headway than that required for normal human-driven cars, thereby potentially improving road capacity. To attain this capacity benefit, cooperation among autonomous cars is vital. However, the future market may have multiple car brands and the...
Persistent link: https://www.econbiz.de/10012817163
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We formally link insurance markets with product markets and identify a demand effect of insurance: if risk-averse consumers can buy insurance against possible product failure, there will be some additional consumers that buy the product because they can also purchase protection. The concomitant...
Persistent link: https://www.econbiz.de/10011932569
This article investigates competition in a market with an emerging technology using a discrete choice model to analyze demand and welfare. We focus on industry structure and investigate the impact of different market structures on demand for the new technology and on welfare. The car market...
Persistent link: https://www.econbiz.de/10010421763
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