Narrow search
Showing 1 - 10 of 6,572
Cover Image
Entry, Pricing and Product Design in an Initially Monopolized Market
Davis, Steven J.; Murphy, Kevin M.; Topel, Robert H. - 2021
, because they intensify price competition too much. Multi-product monopoly can lead to better design incentives than the non …
Persistent link: https://www.econbiz.de/10013228967
Cover Image
The Strategic Use of Tying to Preserve and Create Market Power in Evolving Industries
Carlton, Dennis W.; Waldman, Michael - 2021
This paper investigates how the tying of complementary products can be used to preserve and extend monopoly positions …. We first show how a firm that is a monopolist of a product in the current period can use tying to preserve its monopoly … monopoly position into a newly emerging market. The analysis focuses on the importance of entry costs and network externalities …
Persistent link: https://www.econbiz.de/10013244368
Cover Image
The Industrial Organization of Markets with Two-Sided Platforms
Evans, David A.; Schmalensee, Richard; Evans, David S. - 2021
Two-sided platforms (2SPs) cater to two or more distinct groups of customers, facilitating value-creating interactions between them. The village market and the village matchmaker were 2SPs; eBay and Match.com are more recent examples. Other examples include payment card systems, magazines,...
Persistent link: https://www.econbiz.de/10013239972
Cover Image
Strategic Export Subsidies and Reciprocal Trade Agreements : The Natural Monopoly Case
Bagwell, Kyle; Staiger, Robert W. - 2021
a natural monopoly market. We emphasize that subsidy competition between governments can serve to coordinate the entry …
Persistent link: https://www.econbiz.de/10013237015
Cover Image
Entry, Exit, and the Determinants of Market Structure
Dunne, Timothy - 2009
Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a dynamic, structural model of entry and exit in...
Persistent link: https://www.econbiz.de/10013156542
Cover Image
Permission to Exist
Byford, Martin C. - 2014
We provide a new model that generates persistent performance differences amongst seemingly similar enterprises. Our model provides a mechanism whereby efficient incumbent rivals can give permission for an inefficient firm to exist in the presence of efficient entrants. We demonstrate that, in a...
Persistent link: https://www.econbiz.de/10013047026
Cover Image
Endogenous Market Structure and Foreign Market Entry
Markusen, James R.; Stähler, Frank - 2021
Models dealing with cross-border acquisitions versus greenfield investment usually assume that the entry of a foreign firm into a market has effects on the outputs of all domestic firms in that market, but exit or entry of local firms is not considered. The purpose of this paper is to re-examine...
Persistent link: https://www.econbiz.de/10013224413
Cover Image
Product Choice and Product Switching
Bernard, Andrew B.; Redding, Stephen J.; Schott, Peter K. - 2021
This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we …
Persistent link: https://www.econbiz.de/10013235862
Cover Image
If at First You Don't Succeed : Profits, Prices and Market Structure in a Model of Quality with Unknowable Consumer Heterogeneity
Krishna, Kala; Winston, Tor - 2021
Why are higher quality niches seen as intrinsically more profitable in business circles? Why do high quality products sometimes have a low real price, while it is unusual to see low quality products with high real prices? Can markets have quality differentiation as well as quality bunching? In...
Persistent link: https://www.econbiz.de/10013310212
Cover Image
Worst-Case Bounds on R&D and Pricing Distortions : Theory with an Application Assuming Consumer Values Follow the World Income Distribution
Kremer, Michael - 2018
We prove that, for general demand and cost conditions and market structures, the fraction of first-best surplus that a monopolist is unable to extract in a market provides a tight upper bound on the relative distortions arising from firms' equilibrium decisions at all margins (entry and...
Persistent link: https://www.econbiz.de/10012909908