A gap has existed between the relative space that authors of intermediate microeconomics textbooks devote to imperfectly competitive markets and their relative frequency. This gap has persisted for at least 40 years even with an almost complete turnover of authors between the decades of the...

Firms sometimes try to "poach" the current customers of their competitors by offering them special inducements to switch. The authors analyze duopoly poaching under both short-term and long-term contracts in two polar cases: either each consumer's brand preferences are constant from one period...

Price-matching guarantees are widely used in consumer and industrial markets. Previous studies argue that they are a marketing tactic that facilitates implicit price collusion. We show, however, that when consumers have incomplete price information, the adoption of price-matching guarantees...

The paper will show tha bottleneck input service sold by its owner to competitors in the supply of final product must be priced in accord with ECPR if ineffeciency in resource allocation is to be prevented.

this paper provides a theoretical examination of the potential costs of interstate rivalery in aquiring major sporting/cultural events and large investment projects, the ownership rights to which are held be a sole supplier.

This paper evaluates the effectiveness of several pricing rules intended to promote entry into a network industry dominated by an incumbent carrier. Drawing on the work of Cournot and Hotelling, we develop a model of competition between two interconnected networks.

In an environment in which both workers and firms undertake match specific investments, the presence of market competition for matches may solve the hold-up problems generated by the absence of complete contingent contracts. In particular, this paper shows that in a world in which workers' and...

This paper studies the competition policy for the year 2000. Two contentions are made in this paper. First, all market economies have a competition policy (CP) even if they do not have competition legislation because of the influence that other policies have on the competitive process. Second,...

We study the enforcement of competition policy against collusion under Leniency Programs, which gave reduced fines to firms revealing information ot the Antitrust Authority. Such programs give firms an incentive to break collusion, but may also have a pro-collusive effect, since they decrease...