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The literature on exchanges of information has ignored firms' entry decisions. Yet, the Federal Trade Commission recently expressed concerns that exchanges of information in business-to-business electronic platforms would adversely impact entry and, thus, consumers. When entry decisions are...
Persistent link: https://www.econbiz.de/10005531021
We empirically analyze exchanges of cost information in a multimarket oligopoly model for the airline industry with entry and incomplete information on marginal costs. We develop an algorithm to solve the Nash equilibrium numerically. We estimate the structural model of supply decisions using...
Persistent link: https://www.econbiz.de/10005133395
We define a model of simultaneous entry decisions for N symmetric firms across M markets with demand synergies and incomplete information on marginal costs of production.
Persistent link: https://www.econbiz.de/10005328702
This article investigates the consumer welfare consequences of the recent code-share agreement between Continental Airlines and Northwest Airlines. We develop a discrete choice model based on individual flight characteristics. This structural model recognizes that consumers (i) may have...
Persistent link: https://www.econbiz.de/10005202622
The literature on exchanges of information has ignored firms' entry decisions. Yet, the Federal Trade Commission recently expressed concerns that exchanges of information in business-to-business electronic platforms would adversely impact entry and, thus, consumers. When entry decisions are...
Persistent link: https://www.econbiz.de/10005542857
Persistent link: https://www.econbiz.de/10005816339
Persistent link: https://www.econbiz.de/10001778562
Persistent link: https://www.econbiz.de/10001819790
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Persistent link: https://www.econbiz.de/10002926780