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Investment in Tourism Market: A Dynamic Model of Differentiated Oligopoly

Cellini, Roberto; Candela, Guido - 2004

We present a theoretical model in tourism economics, assuming that the market for tourism is an oligopoly with differentiated products. Destinations (i.e., countries, regions, sites or even firms) can invest in order to improve their carrying capacity that can be interpreted as the stock of...

Persistent link: https://www.econbiz.de/10011324900

Merger Performance under Uncertain Efficiency Gains

Xue, Licun; Amir, Rabah; Diamantoudi, Effrosyni - 2004

In view of the uncertainty over the ability of merging firms to achieve efficiency gains, we model the post-merger situation as a Cournot oligopoly wherein the outsiders face uncertainty about the merged entity's final cost. At the Bayesian equilibrium, a bilateral merger is profitable provided...

Persistent link: https://www.econbiz.de/10011324950

National Versus International Mergers and Trade Liberalization

Yildiz, Halis Murat - 2003

This paper uses an endogenous merger formation approach in a concentrated international oligopoly to examine the effects of trade liberalization on the nature of merger incentives (national vs. international). The effects of unilateral trade liberalization on a country's industry structure are...

Persistent link: https://www.econbiz.de/10011325079

Wage independence in symmetric oligopolistic industries

Dhillon, Amrita; Petrakis, Emmanuel - 1997

This paper provides sufficient conditions under which the negotiated wage in unionized oligopolistic industries with centralized negotiations is independent of a number of product market features (such as the number of firms, the degree of product substitutability, or the type of market...

Persistent link: https://www.econbiz.de/10011608276

Self-regulation of pollution: The role of market structure and consumer information

Garvie, Devon A. - 1997

solutions. A firm's incentive to voluntarily abate pollution is a price increase which can be realised by installing abatement … incentive to voluntarily comply is positively related to a firm's market power: if firms are price-takers, then the positive … price effect, hence the incentive to voluntarily abate, is absent. Abatement effort is also a public good which leads to a …

Persistent link: https://www.econbiz.de/10011608332

Strategic R&D cooperatives

Hinloopen, Jeroen - 1998

Allowing firms to cooperate in their R&D is an industrial policy, which has received much attention in recent economics literature. Many of these contributions are based on the seminal analysis of d'Aspremont and Jacquemin (1988). We provide a general version of their model, which encompasses...

Persistent link: https://www.econbiz.de/10011608400

Market formation in bilateral oligopolies

Bloch, Francis; Ferrer, Hélène - 1999

This paper investigates the structure of bilateral oligopolies - a simple version of Shapley Shubik games with two types of traders and two commodities. It shows that interior equilibria exist, studies the example of CES utility functions to uncover the relation between the complementarity of...

Persistent link: https://www.econbiz.de/10011608523