Showing 1 - 10 of 13
This paper deals with the effect of trade restrictions on competition in oligopolistic markets. Quantitative restrictions, such as VER's (Voluntary Export Restrictions) are shown to affect the extent to which foreign firms can compete in the domestic market, and hence to raise the equilibrium...
Persistent link: https://www.econbiz.de/10012477540
policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …
Persistent link: https://www.econbiz.de/10012465789
We analyze tacit collusion in an industry characterized by cyclical demand and long-run scale decisions; firms face … that two types of price wars may exist. In one, collusion can involve periods of mixed strategy price wars. In the other …
Persistent link: https://www.econbiz.de/10012466026
In 1991, the Antitrust Division sued MIT and the eight schools in the Ivy League under Section 1 of the Sherman Act for engaging in a conspiracy to fix the prices that students pay. The Antitrust Division claimed that the schools conspired on financial aid policies in an effort to reduce aid and...
Persistent link: https://www.econbiz.de/10012473900
When will a monopolist have incentives to foreclose a complementary market by degrading compatibility/interoperability of his products with those of rivals? We develop a framework where leveraging extracts more rents from the monopoly market by "restoring" second degree price discrimination. In...
Persistent link: https://www.econbiz.de/10012461485
, regardless of the underlying economic environment. Our main result establishes that screening for collusion with safe tests is a …
Persistent link: https://www.econbiz.de/10013334437
this paper, we explore the economics of rare goods using auctions of limited-edition shoes held by an e-commerce platform …. We model endogenous entry and bidding in multi-unit auctions and construct demand curves from realized bids. We find that …
Persistent link: https://www.econbiz.de/10013362005
The economic literature on online auctions is rapidly growing because of the enormous amount of freely available field …-now options) in online auctions, as well as some of the literature dealing with online-auction design (including stopping rules …
Persistent link: https://www.econbiz.de/10012465877
This paper surveys recent studies of Internet auctions. Four main areas of research are summarized. First, economists …'s curse. Third, we explore research about the role of reputation in online auctions. Finally, we discuss what Internet … auctions have to teach us about auction design …
Persistent link: https://www.econbiz.de/10012468618
Sellers in eBay auctions have the opportunity to choose both a public minimum bid amount and a secret reserve price. We …
Persistent link: https://www.econbiz.de/10012470543