Showing 1 - 10 of 1,300
electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent … providers can price discriminate between searching and loyal consumers. Empirically we show that local incumbents increase their … baseline rate while entrants decrease their tariffs if consumer search increases. Moreover, the incumbent price discriminates …
Persistent link: https://www.econbiz.de/10011916675
We characterize a monopolist's optimal offer of service plans when only informed customers know already at the contracting stage whether their demand is high or low, while uninformed customers may learn their demand only after incurring some costs, if at all. While informed customers purchase...
Persistent link: https://www.econbiz.de/10003794017
with this contract type we follow the Limit Pricing theory and show that standard contract price could be used as an … instrument to affect competition, in terms of market entries, in the related market. We theoretically derive the optimal price …-setting behavior of a price-discriminating incumbent provider and show that under particular circumstances reducing the standard …
Persistent link: https://www.econbiz.de/10009424152
cement producers to study the value of such transaction data for an estimation of cartel damages. In particular, we … an application of before-and-after approaches to estimate the price overcharge can benefit from such rich data sets. We …
Persistent link: https://www.econbiz.de/10009550259
We use publicly available price data from the German cement industry to estimate the cartelinduced price increase. We …-cartel period on the overcharge estimate. We find that the cement cartel led to price overcharges in a range from 20.3 to 26 …
Persistent link: https://www.econbiz.de/10009550272
This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step … display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …
Persistent link: https://www.econbiz.de/10011446670
This paper derives a three stage Cournot-oligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...
Persistent link: https://www.econbiz.de/10011446211
Barriers to entry are regarded as major impediments to the working of markets. Entry must not necessarily actually take place - the perceived threat of entry may encourage incumbent firms to behave as if they are in a competitive market, even if they are not. We present empirical evidence on...
Persistent link: https://www.econbiz.de/10003751792
with a theorem: that asymmetric price transmission is sustained up to a certain maximum level which might include the …
Persistent link: https://www.econbiz.de/10003721833
Globalization has provided many companies with new opportunities for growth and efficiency. This requires them to operate successfully across cultural and social borders. These can be stumbling blocks to internationalization and have been found to cause frequent errors and delays for...
Persistent link: https://www.econbiz.de/10003383660