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A manufacturer's incentive to open its direct channel and its impact on welfare
Matsushimay, Noriaki; Mizunoz, Tomomichi; Pan, Cong - 2018
We consider a bilateral monopoly in which a manufacturer can open its direct channel that is less efficient than the existing retailer. We find the following results. The manufacturer opens its direct channel if its bargaining power over the existing retailer is weak. Opening the direct channel...
Persistent link: https://www.econbiz.de/10012013638
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A Manufacturer's Incentive to Open its Direct Channel and its Impact on Welfare
Matsushima, Noriaki - 2018
We consider a bilateral monopoly in which a manufacturer can open its direct channel that is less efficient than the existing retailer. We find the following results. The manufacturer opens its direct channel if its bargaining power over the existing retailer is weak. Opening the direct channel...
Persistent link: https://www.econbiz.de/10012923327
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Scoring Auctions with Non-Quasilinear Scoring Rules
Dastidar, Krishnendu Ghosh - 2014
In this paper we analyse scoring auctions with general non-quasilinear scoring rules. We assume that cost function of … the following. (i) Equilibria in scoring auctions can be computed without any endogeneity problems and we get explicit … first-score and second-score auctions. (iii) We show that such properties and rankings depend on the curvature properties of …
Persistent link: https://www.econbiz.de/10013052249
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Nature of competition and new technology adoption
Dastidar, Krishnendu Ghosh - 2014
This paper analyses the incentives to adopt cost-reducing technology by firms in a horizontally differentiated industry. In our model there are several suppliers of a new technology. The extent of the cost reduction depends on the quality of the new technology. A firm has to buy the technology...
Persistent link: https://www.econbiz.de/10011421480
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Should firms employ personalized pricing?
Matsumura, Toshihiro; Matsushima, Noriaki - 2013
The recent developments in information technology (IT) have enabled firms to employ personalized pricing. Should all firms employ personalized pricing even though the adaptation costs of such pricing strategies are not high? This paper theoretically demonstrates a situation in which all firms do...
Persistent link: https://www.econbiz.de/10010332203
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Quality improvement to meet competitive fringe
Matsushima, Noriaki; Liu, Ren-Jye - 2012
We investigate what kind of competitive pressure induces existing firms to engage in more intensive innovation activities. We examine two types of competitive pressure: a price decrease in competitive fringe firms and a quality improvement therein. We use an oligopoly model with vertical...
Persistent link: https://www.econbiz.de/10010332353
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How do market structures affect decisions on vertical integration
Matsushima, Noriaki; Mizuno, Tomomichi - 2010
We provide a simple model to investigate decisions on vertical integration/separation. The key feature of this model is that more than one input is required for the final products of the local downstream monopolists. Depending on their cost structure, downstream firms' decisions on vertical...
Persistent link: https://www.econbiz.de/10010332409
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The welfare effects of third-degree price discrimination in a differentiated oligopoly
Adachi, Takanori; Matsushima, Noriaki - 2011
This paper studies the relationship between horizontal product differentiation and the welfare effects of third-degree price discrimination in oligopoly. By deriving linear demand from a representative consumer's utility and focusing on the symmetric equilibrium of a pricing game, we...
Persistent link: https://www.econbiz.de/10010332412
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Expanding distribution channels
Matsushima, Noriaki - 2016
We provide a model in which upstream producers, whose production cost is quadratic in quantity, sell their products through two distribution channels, a traditional channel and an external retailer. Some producers (called "large" producers) supply to both channels, whereas other producers...
Persistent link: https://www.econbiz.de/10011564938
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The countervailing power hypothesis when dominant retailers function as sales promoters
Matsushima, Noriaki; Yoshida, Shohei - 2016
We consider a downstream oligopoly model with one dominant and several fringe retailers, who purchase a manufacturing product from a monopoly supplier. We then examine how the supplier's outside option influences the relation between the dominant retailer's bargaining power and the equilibrium...
Persistent link: https://www.econbiz.de/10011564961