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One-Way Compatibility, Two-Way Compatibility and Entry in Network Industries
Manenti, Fabio M.; Somma, Ernesto - EconWPA - 2002
specifications, full incompatibility and preemption are again observed at the equilibrium. With incompatibility, entry deterrence …
Persistent link: https://www.econbiz.de/10005134422
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Opportunity Costs, Competition, and Firm Selection
Atallah, Gamal - EconWPA - 2002
the context of the effect of entry on firm selection in a Cournot setting. It is found that inefficient firms are more …
Persistent link: https://www.econbiz.de/10005561413
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Licensing in a Vertically Separated Industry
Mukherjee, Arijit - EconWPA - 2002
The literature on technology licensing has ignored the importance of market power of the input supplier. In this paper we examine the impact of licensing in the downstream industry when the firms in the upstream industry have market power. We show that licensing in the downstream industry can...
Persistent link: https://www.econbiz.de/10005134560
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The Competitive Effects of Price-Floors
Bhaskar, V.; UK, Andrews KY16 9AL - EconWPA - 1996
We analyze the effects of a legally-binding price floor using Hotelling's model of locational competition. A moderate price-floor destroys the maximal differentiation equilibrium of d'Aspremont et. al., by allowing firms to compete more aggressively for market share. Minimum differentiation...
Persistent link: https://www.econbiz.de/10005134523
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Capacity Commitment and Licensing
Mukherjee, Arijit - EconWPA - 2002
The theoretical literature on industrial organization has been argued that firms hold excess capacity to deter entry … hold excess capacity not for entry deterrence but for getting higher benefit from other business strategy such as licensing …
Persistent link: https://www.econbiz.de/10005134504
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Advantageous or Disadvantageous Semi-collusion Licensing in a Vertically Separated Industry
Mukherjee, Arijit - EconWPA - 2002
This paper compares profits and consumer surplus under non-cooperation and collusion in the product market when the firms have the option for R&D before production. We show that whether R&D investment would be higher under non-cooperation or product market collusion depends on the R\&D...
Persistent link: https://www.econbiz.de/10005412980
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Network Externalities, Complementarities, and Invitations to Enter
Economides, Nicholas - EconWPA - 1997
, if the network effect is sufficiently strong, a quantity leader has an incentive to invite entry and license his … network externality and will invite entry. In markets with very strong network externalities, the leader pays a subsidy to the … invited followers. We also show that the results hold under uncertainty, and when the post-entry competition is Cournot. …
Persistent link: https://www.econbiz.de/10005561463
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Quality of Information and Oligopolistic Price Discrimination
Liu, Qihong; Serfes, Konstantinos - EconWPA - 2002
Recent developments in information technology (IT) have resulted in the collection of a vast amount of customer specific data. As the IT advances the quality of such information improves. We analyze a sequential spatial model of oligopolistic third degree price discrimination where the firms use...
Persistent link: https://www.econbiz.de/10005561388
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Quality of Information and Oligopolistic Price Discrimination
Liu, Qihong; Serfes, Konstantinos - EconWPA - 2002
We investigate how the endogenous acquisition of information, of a certain quality level, on consumers' willingness to pay (location) affects the equilibrium prices and welfare in a spatial price discrimination model. By varying the information quality we are able to obtain the equilibrium in...
Persistent link: https://www.econbiz.de/10005561406
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Endogenous Acquisition of Information on Consumers Willingness to Pay in a Product Differentiated Duopoly
Liu, Qihong; Serfes, Konstantinos - EconWPA - 2001
We look at the incentives of two firms, who produce horizontally differentiated products, to acquire information of a certain quality on consumer willingness to pay. A firm who possesses such information can offer its product to different consumer groups at different prices (third degree price...
Persistent link: https://www.econbiz.de/10005561417