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Exclusionary Minimum Resale Price Maintenance
Asker, John - 2010
incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down …- stream competition and the breakdown of RPM. Hence, via RPM, retailers internalize the effect of accommodating entry on the … effect of a retailer cartel. We also consider the effect of imperfect competition. Empirical and policy implications are …
Persistent link: https://www.econbiz.de/10013135407
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Competing with Costco and Sam's Club : Warehouse Club Entry and Grocery Prices
Courtemanche, Charles - 2011
Prior research shows grocery stores reduce prices to compete with Walmart Supercenters. This study finds evidence that the competitive effects of two other big box retailers - Costco and Walmart-owned Sam's Club - are quite different. Using city-level panel grocery price data matched with a...
Persistent link: https://www.econbiz.de/10013122463
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Vertical Arrangements, Market Structure, and Competition an Analysis of Restructured U.S. Electricity Markets
Bushnell, James - 2007
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...
Persistent link: https://www.econbiz.de/10012775797
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On the Efficiency of Competitive Electricity Markets with Time-Invariant Retail Prices
Borenstein, Severin; Holland, Stephen P. - 2021
The standard economic model of efficient competitive markets relies on the ability of sellers to charge prices that vary as their costs change. Yet, there is no restructured electricity market in which most retail customers can be charged realtime prices (RTP), prices that can change as...
Persistent link: https://www.econbiz.de/10013247631
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Competition and Price Dispersion in the U.S. Airline Industry
Borenstein, Severin; Rose, Nancy E. - 2021
This papers analyzes dispersion in the prices that an airline charges to different customers on the same route. Such variation in airlines fares is substantial: the expected absolute difference in fares between two of an airline's passengers on a route averages thirty-six percent of the...
Persistent link: https://www.econbiz.de/10013229357
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Competition in Persuasion
Gentzkow, Matthew - 2011
impact of competition on information revelation is ambiguous in general. We identify a condition on the information …
Persistent link: https://www.econbiz.de/10013120282
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A Game Theoretic Foundation of Competitive Equilibria with Adverse Selection
Netzer, Nick - 2012
We construct a fully specified extensive form game that captures competitive markets with adverse selection. In particular, it allows firms to offer any finite set of contracts, so that cross-subsidization is not ruled out. Moreover, firms can withdraw from the market after initial contract...
Persistent link: https://www.econbiz.de/10013099130
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Conversations Among Competitors
Stein, Jeremy C. - 2010
I develop a model of bilateral conversations in which players may honestly exchange ideas with their competitors. The key to incentive compatibility is a strong form of complementarity in the information structure: a player can only generate a useful new insight on a given topic if he has access...
Persistent link: https://www.econbiz.de/10012759865
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A Model of Forum Shopping, with Special Reference to Standard Setting Organizations
Tirole, Jean - 2010
Owners of intellectual property or mere sponsors of an idea (e.g., authors, security issuers, sponsors of standards) often need to persuade potential buyers or adopters of the worth of their property or idea. To this purpose, they often resort to more or less independent certifiers. This paper...
Persistent link: https://www.econbiz.de/10012762590
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An Experimental Study of Decentralized Link Formation with Competition
Comola, Margherita - 2015
We design a laboratory experiment to investigate bilateral link formation in a setting where payoffs are pair-specific. Our link formation rule is decentralized and players can make link offers and counter-offers, as in a Beckerian marriage market. The game is designed in such a way that a...
Persistent link: https://www.econbiz.de/10013011107