Similar Search Results

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

A Dynamic Oligopoly with Collusion and Price Wars

Fershtman, Chaim; Pakes, Ariel - 2001

Most of the theoretical work on collusion and price wars assumes identical firms and an unchanging environment, assumptions which are at odds with what we know about most industries. Further that literature focuses on the impact of collusion on prices. Whether an industry can support collusion...

Persistent link: https://www.econbiz.de/10014156182

A Dynamic Oligopoly with Collusion and Price Wars

Fershtman, Chaim; Pakes, Ariel - 2021

Persistent link: https://www.econbiz.de/10013223570

An Aggregative Games Approach to Merger Analysis in Multiproduct-Firm Oligopoly

Nocke, Volker - 2018

Using an aggregative games approach, we analyze horizontal mergers in a model of multiproduct-firm price competition with nested CES or nested logit demands. We show that the Herfindahl index provides an adequate measure of the welfare distortions introduced by market power, and that the induced...

Persistent link: https://www.econbiz.de/10012919859

Does Strategic Ability Affect Efficiency? Evidence from Electricity Markets

Hortacsu, Ali - 2017

Oligopoly models of price competition predict that strategic firms exercise market power and generate inefficiencies …

Persistent link: https://www.econbiz.de/10012953975

Why Tie a Product Consumers Do Not Use?

Carlton, Dennis W. - 2010

This paper provides a new explanation for tying that is not based on any of the standard explanations -- efficiency, price discrimination, and exclusion. Our analysis shows how a monopolist sometimes has an incentive to tie a complementary good to its monopolized good in order to transfer...

Persistent link: https://www.econbiz.de/10012759900

International Shocks and Domestic Prices : How Large are Strategic Complementarities?

Amiti, Mary - 2016

How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firm price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the elasticities...

Persistent link: https://www.econbiz.de/10012995977

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

Dynamic Price Competition, Learning-by-Doing and Strategic Buyers

Sweeting, Andrew; Jia, Calvin Dun; Hui, Shen; Yao, Xinlu - 2022

We generalize recent models of dynamic price competition where sellers benefit from learning-by-doing by allowing for long-lived strategic buyers, with a single parameter capturing the extent to which each buyer internalizes future buyer surplus. Many of the equilibria that exist when buyers are...

Persistent link: https://www.econbiz.de/10014089699

A Model of Add-On Pricing

Ellison, Glenn - 2022

This paper examines a competitive model of add-on pricing, the practice of advertising low prices for one good in hopes of selling additional products (or a higher quality product) to consumers at a high price at the point of sale. The main conclusion is that add-on pricing softens price...

Persistent link: https://www.econbiz.de/10014030891

1
2
3
4
5
6
7
8
9
10
Next
Last