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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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Implications of unprofitable horizontal mergers : a positive external effect does not suffice to clear a merger!
Budzinski, Oliver; Kretschmer, Jürgen-Peter - 2009
mergers. If this assumption held, a positive external effect of a proposed merger would represent a sufficient condition to … allow the merger. However, the empirical picture on mergers and acquisitions reveals a significant share of unprofitable …We demonstrate that the popular Farrell-Shapiro-framework (FSF) for the analysis of mergers in oligopolies relies …
Persistent link: https://www.econbiz.de/10003821593
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Do hospital mergers reduce waiting times? : theory and evidence from the English NHS
Cirulli, Vanessa; Marini, Giorgia; Marini, Marco; … - 2023
long panel of data on hospital mergers in the English NHS, where we find that the effects of a merger on waiting times …We analyse - theoretically and empirically - the effect of hospital mergers on waiting times in healthcare markets … waiting times as a result of the merger is larger if the hospitals are more profit-oriented. This result is arguably confirmed …
Persistent link: https://www.econbiz.de/10014313631
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Price competition and endogenous product choice in networks : evidence from the US airline industry
Bontemps, Christian; Gualdani, Cristina; Remmy, Kevin - 2023
, we evaluate the 2013 merger between Amer- ican Airlines and US Airways. Our results highlight that spillovers in entry … and post-merger network readjustments play an important role in shaping post-merger outcomes. …
Persistent link: https://www.econbiz.de/10014313556
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Multiproduct retailing and buyer power : the effects of product delisting on consumer shopping behavior
Flórez A., Jorge Hernán; Herrera-Araujo, Daniel - 2017
Persistent link: https://www.econbiz.de/10011694520
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Multiproduct retailing and buyer power : the effects of product delisting on consumer shopping behavior
Flórez A., Jorge Hernán; Herrera-Araujo, Daniel - 2017
Persistent link: https://www.econbiz.de/10011694951
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Collusion in quality-segmented markets
Bos, Iwan; Marini, Marco - 2020
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
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Horizontal mergers, involuntary unemployment, and welfare
Budzinski, Oliver; Budzinski, Jürgen-Peter - 2009
-side effects remain negligible. Eventually, policy conclusions for merger control are discussed. -- horizontal mergers …Standard welfare analysis of horizontal mergers usually refers to two effects: the anticompetitive market power effect … neglected. We introduce them into a standard oligopoly model of horizontal merger by assuming an (empirically supported …
Persistent link: https://www.econbiz.de/10003836388
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Impact of organized retailing on the unorganized sector
Joseph C., Mathew (contributor) - 2008
The retail business, in India, is estimated to grow at 13 per cent per annum from US$ 322 billion in 2006-07 to US$ 590 billion in 2011-12. The unorganized retail sector is expected to grow at about 10 per cent per annum from US$ 309 billion 2006-07 to US$ 496 billion in 2011-12. Organized...
Persistent link: https://www.econbiz.de/10003758477