Showing 1 - 10 of 2,967
We examine how globalization affects firms incentives to train workers. In our model, firms invest in productivity … firms in countries with different training systems face globalization of product markets. In particular, apprenticeship … integration has no effect on training incentives. -- general training ; human capital ; oligopoly ; turnover …
Persistent link: https://www.econbiz.de/10001957223
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...
Persistent link: https://www.econbiz.de/10014313556
-merger situation as a Cournot oligopoly wherein the outsiders face uncertainty about the merged entity's final cost. At the Bayesian …
Persistent link: https://www.econbiz.de/10011602870
In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the …
Persistent link: https://www.econbiz.de/10011451580
Persistent link: https://www.econbiz.de/10001434882
This paper analyzes price collusion in a repeated game with two submarkets; a standard and a premium quality segment. Within this setting, we study four types of price-fixing agreement: (i) a segment-wide cartel in the premium submarket only, (ii) a segment-wide cartel in the standard submarket...
Persistent link: https://www.econbiz.de/10012306748
We argue that, in a simple setting, the relation between the intensity of competition and cost-reducing investment is U-shaped. We consider a two-stage game with cost-reducing investments followed by a linear differentiated Cournot duopoly. We first show that, except for firms that are much less...
Persistent link: https://www.econbiz.de/10003892459
oligopoly. We start from a linear Cournot model to motivate our more general reducedform framework. For this general framework …
Persistent link: https://www.econbiz.de/10002202366
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
Persistent link: https://www.econbiz.de/10003407711