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Free Entry in a Cournot Market With Overlapping Ownership
Vives, Xavier; Vravosinos, Orestis - 2022
We examine the effects of overlapping ownership in a Cournot oligopoly with free entry. If firms develop overlapping ownership only after entering, then an increase in the degree of overlapping ownership spurs entry but causes price to increase and total surplus to fall. Also, entry is never...
Persistent link: https://www.econbiz.de/10014079661
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Supply function competition, private information, and market power : a laboratory study
Bayona, Anna; Brandts, Jordi; Vives, Xavier - 2016
In the context of supply function competition with private information, we test in the laboratory whether - as …
Persistent link: https://www.econbiz.de/10011509449
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Supply Function Competition, Private Information, and Market Power : A Laboratory Study
Bayona, Anna - 2020
In the context of supply function competition with private information, we test in the laboratory whether — as …
Persistent link: https://www.econbiz.de/10012854395
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Supply Function Competition, Private Information, and Market Power : A Laboratory Study
Bayona, Anna - 2016
In the context of supply function competition with private information, we test in the laboratory whether, as predicted …
Persistent link: https://www.econbiz.de/10012982452
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Oligopoly, Macroeconomic Performance, and Competition Policy
Azar, José; Vives, Xavier - 2018
We develop a macroeconomic framework in which firms are large and have market power with respect to both products and labor. Each firm maximizes a share-weighted average of shareholder utilities, which makes the equilibrium independent of price normalization. In a one-sector economy, if returns...
Persistent link: https://www.econbiz.de/10011931939
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Strategic supply function competition with private information
Vives, Xavier - 2008
uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition … the collusive level. Furthermore, competition in supply functions aggregates the dispersed information of firms (the … equilibrium is privately revealing) while Cournot competition does not. The implication is that with the former the only source of …
Persistent link: https://www.econbiz.de/10010264447
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Strategic supply function competition with private information
Vives, Xavier - 2009
welfare losses is 1/ n2 . The results extend to demand schedule competition and a range of applications in product and …
Persistent link: https://www.econbiz.de/10010276986
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Cross-ownership, R&D Spillovers, and Antitrust Policy
López, Ángel L.; Vives, Xavier - 2016
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with minority shareholdings. We find that, with high market concentration and sufficiently convex demand, there is no scope for cross-ownership to improve welfare regardless of spillover levels. Otherwise,...
Persistent link: https://www.econbiz.de/10011522435
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Supply Function Competition, Private Information, and Market Power: A Laboratory Study
Bayona, Anna; Brandts, Jordi; Vives, Xavier - 2016
In the context of supply function competition with private information, we test in the laboratory whether—as predicted …
Persistent link: https://www.econbiz.de/10011522505
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Strategic supply function competition with private information
Vives, Xavier - 2009
welfare losses is 1/ n2 [hoch 2] . The results extend to demand schedule competition and a range of applications in product … and financial markets are presented. -- reverse auction ; demand schedule competition ; market power ; adverse selection …
Persistent link: https://www.econbiz.de/10003910453