Narrow search
Showing 1 - 10 of 270
Cover Image
Acquisitions versus entry: The evolution of concentration
Aydemir, Zava; Schmutzler, Armin - 2002
We consider market dynamics in a reduced form model. In the simplest version, there are two investors and several small noninvesting firms. In each period, one investor can acquire a small firm, the other investor decides about market entry. After that all firms play an oligopoly game. We derive...
Persistent link: https://www.econbiz.de/10010315536
Cover Image
Hunting unicorns? Experimental evidence on predatory pricing policies
Edlin, Aaron S.; Roux, Catherine; Schmutzler, Armin; … - 2017
-faire regime, the threat of post-entry price cuts discourages entry, and allows incumbents to charge monopoly prices. Current U …
Persistent link: https://www.econbiz.de/10011784294
Cover Image
Pay-What-You-Want in Competition
Samahita, Margaret - 2015
Pay-What-You-Want (PWYW) pricing schemes are popular in certain industries and not others. We model the seller's choice of pricing scheme under various market structures assuming consumers share their surplus. We show that the profitability and popularity of PWYW depend not only on consumers'...
Persistent link: https://www.econbiz.de/10013208736
Cover Image
An Alternative to Natural Monopoly
Carbonell-Nicolau, Oriol - 2019
than the monopoly allocation, and is, in some cases, efficient. …
Persistent link: https://www.econbiz.de/10012663135
Cover Image
Emission Taxes, Feed-in Subsidies and the Investment in a Clean Technology by a Polluting Monopoly
García-Alaminos, Ángela; Rubio, Santiago J. - 2019
The paper studies the use of emission taxes and feed-in subsidies for the regulation of a monopoly that can produce the … calculated solving a two-stage policy game between the regulator and the monopoly with the regulator acting as the leader of the … output but does not affect the total output. On the other hand, the subsidy leads to the monopoly to reduce the dirty output …
Persistent link: https://www.econbiz.de/10012146433
Cover Image
The welfare effects of endogenous quality choice in cable television markets
Crawford, Gregory S.; Shcherbakov, Oleksandr; Shum, Matthew - 2015
We measure the welfare consequences of endogenous quality choice in imperfectly competitive markets. We introduce the concept of a "quality markup" and measure the relative welfare consequences of market power over price and quality. For U.S. paid-television markets during 1997-2006, we find...
Persistent link: https://www.econbiz.de/10011420559
Cover Image
Cash breeds Success : An Examination of the Role Financing Constraints in Innovation Races
Schroth, Enrique; Szalay, Dezsö - Institut für Schweizerisches Bankwesen <Zürich>; … - 2004
This paper studies the impact of cash constraints on equilibrium research intensities in a patent race between a current owner of the “state of the art” technology (the incumbent) and entrants. We develop a simple model, where players need to raise funds from imperfectly informed creditors to...
Persistent link: https://www.econbiz.de/10005858096
Cover Image
Elastic contests and the robustness of the all-pay auction
Ewerhart, Christian - 2014
This paper studies a large class of imperfectly discriminating contests, referred to as elastic contests, that induce players to either overbid a standing bid or to abstain from bidding altogether. Many common forms of contest are elastic. In any equilibrium of an elastic contest, there is...
Persistent link: https://www.econbiz.de/10011282491
Cover Image
Rent-seeking games and the all-pay auction
Ewerhart, Christian - 2015
This paper considers rent-seeking games in which a small percentage change in a player's bid has a large percentage impact on her odds of winning, i.e., on the ratio of her respective probabilities of winning and losing. An example is the Tullock contest with a high R. The analysis provides a...
Persistent link: https://www.econbiz.de/10011282520
Cover Image
Business cycles: A role for imperfect competition in the banking system
Mandelman, Federico S. - 2006
This paper studies the cyclical pattern of ex post markups in the banking system using balance-sheet data for a large set of countries. Markups are strongly countercyclical even after controlling for financial development, banking concentration, operational costs, inflation, and simultaneity or...
Persistent link: https://www.econbiz.de/10010292221