Showing 1 - 7 of 7
We analyze firms' entry, production and hedging decisions under imperfect competition. We consider an oligopoly … industry producing a homogeneous output in which risk-averse firms face an entry cost upon entering the industry, and then … literature (without entry), both production and output price depend on uncertainty and risk aversion. Specifically, when entry is …
Persistent link: https://www.econbiz.de/10010906759
clauses limit the incentives to face-to-face competition and determine segmentation and monopoly pricing even when entry of … new competitors occurs. The development of wholesale trade, instead, may induce generalized entry and retail competition …
Persistent link: https://www.econbiz.de/10010608444
Using a dataset of dialysis facilities operating in more than 1000 U.S. counties in 2007, I examine the product choice of two types of firms: multiproduct dialysis facilities and single product dialysis facilities. I simulate the effect of a Medicare policy proposal in 2008 which reduces the...
Persistent link: https://www.econbiz.de/10010738078
, competition and entry in procurement markets. I focus especially on public procurement, which is highly regulated for … designed to stimulate rather than hindering new entry. …
Persistent link: https://www.econbiz.de/10010573865
Standard media economics models imply that increased platform competition decreases ad levels and that mergers reduce per-viewer ad prices. The empirical evidence, however, is mixed. We attribute the theoretical predictions to the combined assumptions that there is no advertising congestion and...
Persistent link: https://www.econbiz.de/10011051637
In industries with network effects, incumbents' installed bases create barriers to entry that discourage entrepreneurs … from developing new innovations. Yet, entry is not the only commercialization route for entrepreneurs. We show that the … not necessarily restrict the innovation incentives and that network effects promote acquisitions over entry. …
Persistent link: https://www.econbiz.de/10011117298
This paper estimates an entry model to study the effect of exclusive dealing between Anheuser Busch and its … distributors on rival brewers' entry decisions and consumer surplus. The entry model accounts for post-entry demand conditions and …' entry decisions. I find that a brewer has higher fixed costs at locations where Anheuser Busch employ exclusive distributors …
Persistent link: https://www.econbiz.de/10011117309