Narrow search
Showing 1 - 10 of 597
Cover Image
Attention competition
Hefti, Andreas M. - 2011
I present a game-theoretic model where economic competition and attention competition are interdependent. On the one … price competition among all perceived firms. On the other hand attracting attention involves costs which must be covered by … the earnings from competition. It is the task of this paper to clarify the consequences of such an interdependence between …
Persistent link: https://www.econbiz.de/10010316856
Cover Image
Mergers under asymmetric information - is there a lemons problem?
Borek, Thomas; Bühler, Stefan; Schmutzler, Armin - 2004
We analyze a Bayesian merger game under two-sided asymmetric information about firm types. We show that the standard prediction of the lemons market model-if any, only low-type firms are traded-is likely to be misleading: Merger returns, i.e. the difference between pre- and post-merger profits,...
Persistent link: https://www.econbiz.de/10010315535
Cover Image
Entry, exit, and the determinants of market structure
Dunne, Timothy; Klimek, Shawn D.; Roberts, Mark J.; Xu, … - 2013
competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …
Persistent link: https://www.econbiz.de/10010397677
Cover Image
Testing the TASP: An experimental investigation of learning in games with unstable equilibria
Cason, Timothy N.; Friedman, Daniel; Hopkins, Ed - 2009
We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The 'TASP' (Time Average of the Shapley Polygon) gives a precise prediction about what happens when there is divergence from equilibrium under fictitious play like learning processes. We...
Persistent link: https://www.econbiz.de/10010288137
Cover Image
The road not taken: Competition and the R&D portfolio
Letina, Igor - 2015
duplication of research. An increase in the intensity of competition among firms leads to an increase in the variety of developed …
Persistent link: https://www.econbiz.de/10011663162
Cover Image
The road not taken: Competition and the R&D portfolio
Letina, Igor - 2014
competition among firms leads to an increase in the variety of developed projects and a decrease in the amount of duplication of …
Persistent link: https://www.econbiz.de/10011282467
Cover Image
Nash Competive Equilibria and Two Period Fund Separation
Hens, Thorsten; Reimann, Stefan; Vogt, Bodo - Institut für Schweizerisches Bankwesen <Zürich>; … - 2004
We suggest a simple asset market model in which we analyze competitive and strategic behavior simultaneously. If two-fund separation is found to hold across periods for competitive behavior, it also holds for strategic behavior. In this case the relative prices of the assets do not depend on...
Persistent link: https://www.econbiz.de/10005858107
Cover Image
Competition of e-commerce intermediaries
Matros, Alexander; Zapechelnyuk, Andriy - 2010
little, fierce competition between providers of similar services is expected. We consider a model where two e …
Persistent link: https://www.econbiz.de/10010280782
Cover Image
Consumer information and price transmission: Empirical evidence
Loy, Jens-Peter; Pennerstorfer, Dieter; Proshi, Daniela; … - 2019
We investigate how consumer information affects price adjustment in the Austrian retail gasoline market. Our measure of consumer information is obtained from detailed census data on commuting behavior, as commuters can freely sample prices on their commuting route and are thus better informed...
Persistent link: https://www.econbiz.de/10012662682
Cover Image
How to measure product differentiation
Hackl, Franz; Hölzl-Leitner, Michael; Pennerstorfer, Dieter - 2021
In this article, we provide a novel measure of product differentiation by observing consumer search behavior directly. We track individual consumers in a price search engine and generate a measure of distance in product space, based on goods surveyed conjointly within individual search episodes....
Persistent link: https://www.econbiz.de/10012662710