payment networks, and to assess the way this affects competition and equilibrium fees. We analyze a situation in which … acceptance at the margin. - Payment pricing ; Card competition ; Consumer credit ; Complementarity …

payment networks, and to assess the way this affects competition and equilibrium fees. We analyze a situation in which …

payment networks, and to assess the way this affects competition and equilibrium fees. We analyze a situation in which …

We present a model where firms engage in imperfect price competition, firms cannot sell to all consumers. A bipartite … price competition and study the implications of network structure on pricing behavior and welfare. Aggregate surplus is … maximized with a fully connected network, which corresponds to perfect competition, and decreases monotonically as the network …

We here want to analyze how the imperfect competition mark-up and pass-through are transmitted through the production …. (ii) Pass-through increases in the number of firms, existing at each production stage, because competition transfers cost …

high concentration, and ultimately monopoly. However, current economic theory and empirical evidence is insufficient to … Pricing Game - to identify when competition between communications networks is a sustainable market outcome. The Network … results of The Network Pricing Game show that the sustainability of competition between networks is influenced by initial …

We develop models of markets with procrastinating consumers where competition operates - or is supposed to operate … price competition fails at this stage as well. In fact, a competition paradox results: an increase in the number of firms or … returning ex-post profits to consumers, and in some cases even exacerbate the failure of price competition. Consumer …