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Collective reputation, entry and minimum quality standard
Rouvière, Elodie (contributor);  … - 2008
This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality standard. Second, we argue that a minimum quality standard can...
Persistent link: https://www.econbiz.de/10003659949
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Vertical differentiation and collusion : cannibalization or proliferation?
Gabszewicz, Jean Jaskold; Marini, Marco A.; Tarola, Ornella - 2016
In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...
Persistent link: https://www.econbiz.de/10011451580
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Collusive agreements in vertically differentiated markets
Marini, Marco A. - 2017
This paper introduces a number of game-theoretic tools to model collusive agreements among firms in vertically differentiated markets. I firstly review some classical literature on collusion between two firms producing goods of exogenous different qualities. I then extend the analysis to a...
Persistent link: https://www.econbiz.de/10011660599
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Competitive Markets without Commitment
Netzer, Nick; Scheuer, Florian - 2008
In the presence of a time-inconsistency problem with optimal agency contracts, we show that competitive markets implement allocations that Pareto dominate those achieved by a benevolent planner, they induce strictly more effort, and they sometimes make the commitment problem disappear entirely....
Persistent link: https://www.econbiz.de/10003894094
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Entry barriers and growth : the role of endogenous market structure
Jiang, Helu; Zheng, Yu; Zhu, Lijun - 2023
We use China's growth experience as a laboratory to study how reductions in entry barrier contribute to economic growth by inducing a more competitive market structure. The removal of entry restrictions on private firms in the late 1990s and early 2000s made the Chinese economy more competitive...
Persistent link: https://www.econbiz.de/10014314301
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Market power and wage inequality
Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, … - 2022
We propose a theory of how market power affects wage inequality. We ask how goods and labor market power jointly affect …
Persistent link: https://www.econbiz.de/10013466168
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Random encounters and information diffusion about product quality
Gabszewicz, Jean Jaskold; Marini, Marco; Zanaj, Skerdilajda - 2021
This paper explores how social interactions among consumers shape markets. In a two-country model, consumers meet and exchange information about the quality of the goods. As information spreads, the demands evolve, affecting the prices and quantities manufactured by profit-maximizing firms. We...
Persistent link: https://www.econbiz.de/10012487598
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Product quality and strategic asymmetry in international trade
Gilbert, John P.; Koska, Onur A.; Oladi, Reza - 2020
Persistent link: https://www.econbiz.de/10012426559
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Multisided media markets : applying the theory of multisided markets to media markets
Lindstädt-Dreusicke, Nadine - 2009
Media markets recently have been identified as multisided markets. The application of the theory of multisided markets … theory of multisided markets and subsequently applies it to media markets. Finally the paper draws attention to the new … perspectives and insights the theory provides but also brings open research questions to light. -- media economics ; two …
Persistent link: https://www.econbiz.de/10003911979
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Switching costs, firm size, and market structure
Loertscher, Simon (contributor); Schneider, Yves (contributor) - 2005
In many markets, homogenous goods and services are sold both by large global frms and small local frms. Surprisingly, the large frms charge, often substantially, higher prices. Examples include hotels, airlines, and coffee shops. This paper provides a parsimonious model that can account for...
Persistent link: https://www.econbiz.de/10003082673