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Downstream mode of competition with upstream market power
Manasakis, Constantine; Vlassis, Minas - Düsseldorf Institute for Competition Economics (DICE), … - 2013
In a two-tier oligopoly, where the downstream firms are locked in pair-wise exclusive relationships with their upstream input suppliers, the equilibrium mode of competition in the downstream market is endogenously determined as a renegotiation-proof contract signed between each downstream firm...
Persistent link: https://www.econbiz.de/10010956769
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Downstream Mode of Competition With Upstream Market Power
Manasakis, Constantine; Vlassis, Minas - Department of Economics, University of Crete - 2010
In contrast with previous studies we assume no ex-ante commitment over the �price or quantity� type of contract which downstream firms will independently offer consumers in a two-tier oligopoly. Under competing vertical chains, we propose...
Persistent link: https://www.econbiz.de/10008562473
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Relazioni verticali e organizzazione d’impresa: nuove tematiche sul fronte dell’oligopolio / Vertical relations and firms organization:new issues on the oligopoly front
Zanetti, Giovanni; Boffa, Federico - In: Economia Internazionale / International Economics 61 (2008) 2-3, pp. 613-633
The paper discusses the evolution of the oligopoly theory, starting from Augustin Cournot’s seminal contribution until the most recent developments that extensively exploit the sophisticated tools derived from game theory and mechanism design. We then show how the oligopoly models have been...
Persistent link: https://www.econbiz.de/10005005750
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Competition and Entry in Banking: Implications for Stability and Capital Regulation
Boot, Arnoud W A; Marinc, Matej - C.E.P.R. Discussion Papers - 2006
We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … ask two questions: i) how does capital regulation affect (endogenous) entry; and ii) how do (exogenous) changes in the … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the …
Persistent link: https://www.econbiz.de/10005666421
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Two-part tariff competition in duopoly
Yin, Xiangkang - Department of Economics and Finance, La Trobe Business … - 2000
Built on the location model, this paper studies the rivalry of two firms in an industry through two-part tariffs. It is found that kinky profit functions are responsible for the coincidence of imperfectly competitive equilibrium and cartelization outcome. A duopoly likely results in higher entry...
Persistent link: https://www.econbiz.de/10010541719
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Vertical Product Differentiation and Entry Deterrence
Lutz, Stefan - C.E.P.R. Discussion Papers - 1996
This paper studies how the existence of a potential entrant influences an incumbent’s choice of quality in a model of vertical product differentiation and entry. Both firms face fixed set-up costs and quality-dependent costs of production, and compete on quality and price. With identical...
Persistent link: https://www.econbiz.de/10005504715
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Two-part tariff competition in duopoly
Yin, Xiangkang - Department of Economics and Finance, La Trobe Business … - 2000
Built on the location model, this paper studies the rivalry of two firms in an industry through two-part tariffs. It is found that kinky profit functions are responsible for the coincidence of imperfectly competitive equilibrium and cartelization outcome. A duopoly likely results in higher entry...
Persistent link: https://www.econbiz.de/10008867255
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Análisis mediante teoría de juegos de la evolución de la competencia en el sector eléctrico español/Game theoretic analysis of the evolution of competition in Spanish power sector...
YEPES RODRÍGUEZ, R. - In: Estudios de Economía Aplicada 23 (2005) Agosto, pp. 335-362
Se estudia la evolución de la competencia en el mercado español de electricidad, proponiendo un análisis mediante teoría de juegos. Se elabora un modelo basado en juegos dinámicos siguiendo el concepto de Equilibrio Perfecto de Markov, tomando como bloque elemental una descripción de la...
Persistent link: https://www.econbiz.de/10005737009
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Le mouvement de concentration dans l'industrie électro-gazière en Europe
Méritet, Sophie - Université Paris-Dauphine (Paris IX) - 2013
Since the late 90s,, European industries of electricity and gas have been subject to a process of concentration at both horizontal and vertical levels. At first glance, this consolidation is quite natural since, on the one hand, the application of European directives to open to competition has...
Persistent link: https://www.econbiz.de/10011166300
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Justifiability of Bayesian Implementation in Oligopolistic Markets
Koray, Semih; Saglam, Ismail - Volkswirtschaftliche Fakultät, … - 1997
Nash implementable if the number of firms is at least two. Thus, monopoly regulation whenever consumers are favored by the …
Persistent link: https://www.econbiz.de/10005835475