Showing 1 - 10 of 47
This paper presents a model of second-degree price discrimination and inter-group effects to describe the full-service pricing behaviour in the passenger aviation market. Consumer heterogeneity is assumed on both a horizontal and a vertical dimension, while various distinct market structures,...
Persistent link: https://www.econbiz.de/10011256851
In its landmark ruling in Illinois Brick Co. v. Illinois in 1977, the U.S. Supreme Court restricted standing to sue for recovery of antitrust damages to direct purchasers. However, antitrust damages are typically (in part) passed on to intermediaries lower in the chain of production and...
Persistent link: https://www.econbiz.de/10005137007
This paper presents a model of second-degree price discrimination and inter-group effects to describe the full-service pricing behaviour in the passenger aviation market. Consumer heterogeneity is assumed on both a horizontal and a vertical dimension, while various distinct market structures,...
Persistent link: https://www.econbiz.de/10009201128
This paper studies an intermediated market operated by middlemen with high inventory holdings. I present a directed search model in which middlemen are less likely to experience a stockout because they have the advantage of inventory capacity, relative to other sellers. The model explains why...
Persistent link: https://www.econbiz.de/10011255953
In its landmark ruling in Illinois Brick Co. v. Illinois in 1977, the U.S. Supreme Court restricted standing to sue for recovery of antitrust damages to direct purchasers. However, antitrust damages are typically (in part) passed on to intermediaries lower in the chain of production and...
Persistent link: https://www.econbiz.de/10011256129
A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of a disputed asset is unknown to the court. The court observes only the quality of the case presented by each party, and awards the asset to the party presenting the best case....
Persistent link: https://www.econbiz.de/10011256628
Consider a government that auctions a franchise for, e.g., an airport, telecommunication network, or utility. Consider …
Persistent link: https://www.econbiz.de/10011256704
We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … Internet auctions. …
Persistent link: https://www.econbiz.de/10011256726
This paper develops an economic argument relating auctions to high marketprices. At the core of the argument is the …
Persistent link: https://www.econbiz.de/10011256884
This paper investigates regulation by auctions of private supply of congestible infrastructures in two networks … generalised price or number of users leads to the first-best outcome. Moreover, these two auctions are robust: they attain the … structures. On the contrary, the performances (relative to the first-best) of the transfer and capacity auctions strongly depend …
Persistent link: https://www.econbiz.de/10011257054