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Equilibrium Vertical Foreclosure in the Repeated Game

Normann, Hans-Theo - EconWPA - 2004

are that foreclosure is in fact a subgame perfect Nash equilibrium of the repeated game, and it may facilitate collusion …

Persistent link: https://www.econbiz.de/10005076896

Profit maximisation and alternatives in oligopolies

Klemm, Alexander - EconWPA - 2004

This paper analyses oligopolies using the Cournot/Stackelberg framework, but allowing some firms to be pursueing aims other than profit maximisation. The existence of even a single output maximising firm can have dramatic effects on outputs, prices and welfare, even if such a firms faces...

Persistent link: https://www.econbiz.de/10005134543

Determinants of Profit in the Broadcasting Industry | Evidence from Japanese Micro Data|

KASUGA, Norihiro; Shishikura, Manabu - EconWPA - 2005

The operating areas of each terrestrial broadcasting station in Japan are geographically divided by a licensing system and form oligopolies in each of their respective markets. These institutional constraints define the market structure, and as a result, affect the business performance of the...

Persistent link: https://www.econbiz.de/10005412909

Collusion in the Dutch waste collection market

Dijkgraaf, E.; Gradus, R. H. J. M. - EconWPA - 2005

In this paper we analyse whether collusion exists in the Dutch waste collection market, which shows a high degree of … in fact a result of fair competition. Using data for (nearly) all Dutch municipalities we estimate whether collusion …

Persistent link: https://www.econbiz.de/10005134488

Collusion with Capacity Constraints over the Business Cycle

Fabra, Natalia - EconWPA - 2003

This paper investigates the effect of capacity constraints on the sustainability of collusion in markets subject to …

Persistent link: https://www.econbiz.de/10005125033

Status Quo Effects in Bargaining: An Empirical Analysis of OPEC

Hyndman, Kyle - EconWPA - 2005

We conduct an event analysis on OPEC quota announcements to determine their impact on the stock returns in the oil industry. We find that announcements to reduce the quota are followed by positive excess returns over pre-announcement levels, announcements of no action are met with negative...

Persistent link: https://www.econbiz.de/10005412889

Price Wars and Collusion in the Spanish Electricity Market

Fabra, Natalia; Toro, Juan - EconWPA - 2002

\We analyze the time-series of prices in the Spanish electricity market by means of a time varying-transition-probability Markov switching model. Accounting for changes in demand and cost conditions (which reflect changes in input costs, capacity availability and hydro power), we show that the...

Persistent link: https://www.econbiz.de/10005412904

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 …-cooperation or product market collusion depends on the R\&D productivity. If the market size is sufficiently small then firms are … always better off under product market collusion. If the market size is moderate (relatively large) then the firms are better …

Persistent link: https://www.econbiz.de/10005412980

Stochastic Market Sharing, Partial Communication and Collusion

Gerlach, Heiko - EconWPA - 2005

This paper analyzes the role of communication between firms in an infinitely repeated Bertrand game in which firms receive an imperfect private signal of a common value i.i.d. demand shock. It is shown that firms can use stochastic, inter-temporal market sharing as a perfect substitute for...

Persistent link: https://www.econbiz.de/10005561404

Oligopolistic Business to Business E-Market and Welfare

Aoki, Reiko - EconWPA - 2001

We examine the effect of an oligopolistic upstream electronic market on upstream and downstream prices. The analysis highlights the two sources of competition that a firm that source from an electronic market (e- market firm) face: competition with less efficient firms that source traditionally...

Persistent link: https://www.econbiz.de/10005076853

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