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Digital Rights Management and the Pricing of Digital Products
Park, Yooki - 2008
As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...
Persistent link: https://www.econbiz.de/10012727035
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Do Oligopolists Pollute Less? Evidence from a Restructured Electricity Market
Mansur, Erin - 2007
Electricity restructuring has created the opportunity for producers to exercise market power. Oligopolists increase price by distorting output decisions, causing cross-firm production inefficiencies. This study estimates the environmental implications of production inefficiencies attributed to...
Persistent link: https://www.econbiz.de/10012775794
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Distance, Demand, and Oligopoly Pricing
Feenstra, Robert C. - 2007
We demonstrate how to estimate a model of product demand and oligopoly pricing when products are multi …
Persistent link: https://www.econbiz.de/10012777146
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The Information Pharms Race and Competitive Dynamics of Precision Medicine : Insights from Game Theory
Berndt, Ernst R. - 2017
Precision medicines inherently fragment treatment populations, generating small-population markets, creating high-priced "niche busters" rather than broadly prescribed "blockbusters". It is plausible to expect that small markets will attract limited entry in which a small number of...
Persistent link: https://www.econbiz.de/10012943199
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Oligopoly in International Trade : Rise, Fall and Resurgence
Head, Keith - 2017
1980s. Subsequent literature for the most part kept imperfect competition but jettisoned oligopoly. Instead, as the …. The use of oligopoly in trade models has been criticized for reasons that we argue are unpersuasive. Renewed incorporation …
Persistent link: https://www.econbiz.de/10012949400
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Labor Market Power
Berger, David - 2019
We develop a tractable quantitative, general equilibrium, oligopsony model of the labor market that we use to measure the macroeconomic implications of labor market power. Strategic interaction complicates inference of parameters that are key to this exercise. To address this challenge, we...
Persistent link: https://www.econbiz.de/10012889474
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Intra-Industry Trade with Bertrand and Cournot Oligopoly : The Role of Endogenous Horizontal Product Differentiation
Brander, James A. - 2015
from trade under Bertrand and Cournot oligopoly. Firms differentiate their products to mitigate competition, but only if …
Persistent link: https://www.econbiz.de/10013026792
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Endogenous Horizontal Product Differentiation Under Bertrand and Cournot Competition : Revisiting the Bertrand Paradox
Brander, James A. - 2015
failure to observe homogeneous product Bertrand oligopoly, while homogeneous product Cournot oligopoly has significant …
Persistent link: https://www.econbiz.de/10013027279
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“Nash-in-Nash” Bargaining : A Microfoundation for Applied Work
Collard-Wexler, Allan - 2014
oligopoly. This paper proposes a non-cooperative foundation for “Nash-in-Nash” bargaining that extends the Rubinstein (1982 …
Persistent link: https://www.econbiz.de/10013044612
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Price and Capacity Competition
Acemoglu, Daron - 2010
We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The … demands across the firms. We first establish the existence of pure strategy subgame perfect equilibria (oligopoly equilibria … oligopoly equilibria of this game can be arbitrarily low. However, if the best oligopoly equilibrium is selected (among multiple …
Persistent link: https://www.econbiz.de/10012760481