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We develop a two-stage game in which competing airlines first choose the networks of markets to serve in the first stage before competing in price in the second stage. Spillovers in entry decisions across markets are allowed, which accrue on the demand, marginal cost, and fixed cost sides. We...
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economy has become highly integrated, and foreign outsourcing has become a standard practice for firms. While trade theory …
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In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the …
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oligopoly characterized by a homogeneous non-storable good, sticky prices and uncertainty. Our model nests the classical dynamic … oligopoly model with sticky prices by Fershtman and Kamien (Fershtman and Kamien, 1987), which can be viewed as the continuous …
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-merger situation as a Cournot oligopoly wherein the outsiders face uncertainty about the merged entity's final cost. At the Bayesian …
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This paper uses an endogenous merger formation approach in a concentrated international oligopoly to examine the …
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