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Collusive Agreements in Vertically Differentiated Markets

Marini, Marco A. - 2017

proliferating their products. It is shown that a selective pruning within the cartel always occurs. Moreover, by associating a … cooperative (or coalitional) stability of the whole industry cartel is the equidistance of firms' products along the quality …

Persistent link: https://www.econbiz.de/10012954129

Vertical Differentiation and Collusion : Cannibalization or Proliferation?

Gabszewicz, Jean J. - 2016

In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...

Persistent link: https://www.econbiz.de/10012997248

Collusion in Quality-Segmented Markets

Bos, Iwan; Marini, Marco A. - 2021

. Within this setting, we study four types of price- xing agreement: (i) a segment-wide cartel in the premium submarket only …, (ii) a segment-wide cartel in the standard submarket only, (iii) two segment-wide cartels, and (iv) an industry …-wide cartel. We present a complete characterization of the collusive pricing equilibrium and examine the corresponding effect on …

Persistent link: https://www.econbiz.de/10013251142

Niche vs. central firms: Technology choice and cost-price dynamics in a differentiated oligopoly

Bacchiega, Emanuele; Garella, Paolo G. - 2018

This paper is about technology choices in a differentiated oligopoly. The main questions are: whether the position in the product space affects the choice of technology, how changes in fixed costs affect price outcomes, the strategic responses to policy interventions. The industry is an...

Persistent link: https://www.econbiz.de/10012157008

Uncertainty and Risk-aversion in a Dynamic Oligopoly with Sticky Prices

Valentini, Edilio - 2019

In this paper we present a dynamic discrete-time model that allows to investigate the impact of risk-aversion in an oligopoly characterized by a homogeneous non-storable good, sticky prices and uncertainty. Our model nests the classical dynamic oligopoly model with sticky prices by Fershtman and...

Persistent link: https://www.econbiz.de/10012889402

R&D Collaboration Networks in Mixed Oligopoly

Zikos, Vasileios - 2008

We develop a model of endogenous network formation in order to examine the incentives for R&D collaboration in a mixed oligopoly. Our analysis reveals that the complete network, where each firm collaborates with all others, is uniquely stable, industry-profit maximizing and efficient. This...

Persistent link: https://www.econbiz.de/10014219137

Myopic Oligopoly Pricing

Bos, Iwan; Marini, Marco A.; Saulle, Riccardo - 2022

This paper examines capacity-constrained oligopoly pricing with sellers who seek myopic improvements. We employ the Myopic Stable Set solution concept and establish the existence ofa unique pure-strategy price solution for any given level of capacity. This solution is shown tocoincide with the...

Persistent link: https://www.econbiz.de/10013308146

Spying in Multi-Market Oligopolies

Billand, Pascal; Bravard, Christophe; Chakrabarti, Subhadip - 2010

We consider a multimarket framework where a set of firms compete on two interrelated oligopolistic markets. Prior to competing in these markets, firms can spy on others in order to increase the quality of their product. We characterize the equilibrium espionage networks and networks that...

Persistent link: https://www.econbiz.de/10014190392

A Sequential Approach to the Characteristic Function and the Core in Games with Externalities

Currarini, Sergio; Marini, Marco A. - 2012

complementarities. We apply this result to cartel formation in Bertrand oligopoly and in Shapley-Shubik (1977) strategic market games …

Persistent link: https://www.econbiz.de/10014128533