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Imperfect substitutes for perfect complements : solving the anticommons problem
Alvisi, Matteo; Carbonara, Emanuela - 2010
An integrated monopoly, where all complements forming a composite good are offered by a single firm, is typically … competition in the market for each complement. We present a model with two perfect complements and introduce n imperfect … substitutes for one and then for both complements. We prove that, if one complementary good is produced by a monopolist, and if …
Persistent link: https://www.econbiz.de/10011737904
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Estimating demand with multi-homing in two-sided markets
Affeldt, Pauline Luise; Argentesi, Elena; Filistrucchi, Lapo - 2021
We empirically investigate the relevance of multi-homing in two-sided markets. First, we build a micro-founded structural econometric model that encompasses demand for differentiated products and allows for multi-homing on both sides of the market. We then use an original dataset on the Italian...
Persistent link: https://www.econbiz.de/10012664715
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Regulating environmental externalities through public firms : a differential game
Dragone, Davide; Lambertini, Luca; Palestini, Arsen - 2011
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where production takes place at constant returns to scale and entails a negative environmental externality. We model the problem as a differential game and investigate (i) the Cournot-Nash...
Persistent link: https://www.econbiz.de/10011737230
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Vertical relations and number of channels in quality-differentiated markets
Bacchiega, Emanuele; Bonroy, Olivier - 2012
Double marginalization causes inefficiencies in vertical markets. This paper argues that such inefficiencies may be beneficial to final consumers in markets producing vertically differentiated goods. The rationale behind this result is that enhancing efficiency in high-quality supply chains...
Persistent link: https://www.econbiz.de/10011734182
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A top dog tale with preference rigidities
Randon, Emanuela; Simmons, Peter J. - 2012
With preference rigidities we find Pareto optima of an exchange economy, some of which involve unconsumed endowments. We show that such Pareto Optima can only be attained as market equilibria if there is a top dog in the initial endowment distribution who is richer than the other individuals....
Persistent link: https://www.econbiz.de/10011734317
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Hedonic quality and social norms : a hybrid model of product differentiation
Mantovani, Andrea; Tarola, Ornella; Vergari, Cecilia - 2015
We analyse how strategic competition between a green firm and a brown competitor develops when their products are differentiated along two dimensions: hedonic quality and environmental quality. The former dimension refers to the pure (intrinsic) performance of the good, whereas the latter...
Persistent link: https://www.econbiz.de/10011714210
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On the effect of social norms to reduce pollution
Mantovani, Andrea; Tarola, Ornella; Vergari, Cecilia - 2014
We analyse how market competition in a vertically differentiated polluting industry is affected by product variants that comply at different levels with "green" social norms. A green consumption behaviour is considered as a byword of good citizenship. Consumer preferences depend on a combination...
Persistent link: https://www.econbiz.de/10011716007
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Hedonic vs environmental quality : which policy can help in lowering pollution emissions?
Mantovani, Andrea; Vergari, Cecilia - 2013
In this paper we compare two policy instruments that can be adopted to curb carbon emissions. The first is a conventional pollution tax. The second is an environmental campaign aiming to influence consumers to switch to a green good. We consider two different scenarios. When consumers are...
Persistent link: https://www.econbiz.de/10011730843
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Strategic delegation under cost asymmetry
Delbono, Flavio; Lambertini, Luca; Marattin, Luigi - 2015
We revisit the two-stage duopoly game with strategic delegation and asymmetric technologies of Sen and Stamatopoulos (2015). We show that their conclusions are misled by the restrictive assumption that the extent of delegation to managers is restricted to a binary set. Allowing for a continuous...
Persistent link: https://www.econbiz.de/10011714314
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On the properties of linear supply functions in oligopoly
Delbono, Flavio; Lambertini, Luca - 2015
In this note we revisit the result by Menezes and Quiggin (2012), showing that under linear supply function competition, the same Nash equilibrium results when arms choose slopes or intercepts of their supply functions. This is because the first order conditions emerging in the two strategy...
Persistent link: https://www.econbiz.de/10011714330