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Capuano, Carlo - 2005

The purpose of this article is to analyze how the presence of a competitive fringe, composed by price taker firms, can … presence of a competitive fringe significantly reduces the price increasing profitability and the leader market power, when we …

Persistent link: https://www.econbiz.de/10010312265

Cost-Reducing Alliances and Local Spillovers

Deroian, Frédéric - 2005

Firms raise cost-reducing alliances before competing with each other, but cannot fully internalize the shared knowledge. When spillovers are local and transit through the network of alliances, stable architectures with a moderate level of asymmetry are identified.

Persistent link: https://www.econbiz.de/10010312468

Introducing Imperfect Competition in CGE Models: Technical Aspects and Implications

Roson, Roberto - 2006

This paper considers the technical aspects and the consequences, in terms of simulation results and policy assessment, of introducing imperfect competition in a CGE model. The modifications to the standard CGE framework needed to model imperfect competition in some industries are briefly...

Persistent link: https://www.econbiz.de/10010312626

R&D collaboration networks in mixed oligopoly

Zikos, Vasileios - 2008

We develop a model of endogenous network formation in order to examine the incentives for R&D collaboration in a mixed oligopoly. Our analysis reveals that the complete network, where each firm collaborates with all others, is uniquely stable, industry-profit maximizing and efficient. This...

Persistent link: https://www.econbiz.de/10010270929

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