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structure and price-sensitive linear deterministic demand. The entry stage is modeled as a simultaneous game, where the players … take the outcomes of the subsequent post-entry (Cournot) competition into account in making their entry decisions. We … always an equilibrium structure in pure strategies in the entry game. Finally, we examine the effects of vertical integration …
Persistent link: https://www.econbiz.de/10009204324
that (a) contest entry and rent-seeking expenditures increase with the size of the prize; and (b) earnings are equalized …
Persistent link: https://www.econbiz.de/10005796055
We extend the theory of advertising as a quality signal, using a model where an entrant can choose to advertise by comparing its product to that of an established incumbent. Comparative advertising, comparing quality of one’s own product to that of a rival’s, empowers the latter to file for...
Persistent link: https://www.econbiz.de/10005007232
Persistent link: https://www.econbiz.de/10005061867
We examine a problem with n players each facing the same binary choice. One choice is superior to the other. The simple assumption of competition - that an individual’s payoff falls with a rise in the number of players making the same choice, guarantees the existence of a unique symmetric...
Persistent link: https://www.econbiz.de/10005178741
asymmetric firms, restructuring, and entry. We show how these welfare effects depend on the initial level of market development …, and restructuring and entry costs. The model generates an endogenous demand for infrastructure investment, and the … simulate the relative welfare effects of reducing transport, restructuring and entry costs, and we evaluate in each case the …
Persistent link: https://www.econbiz.de/10005656176
Using a dataset of dialysis facilities operating in more than 1000 U.S. counties in 2007, I examine the product choice of two types of firms: multiproduct dialysis facilities and single product dialysis facilities. I simulate the effect of a Medicare policy proposal in 2008 which reduces the...
Persistent link: https://www.econbiz.de/10010738078
that (a) contest entry and rent-seeking expenditures increase with the size of the prize and (b) earnings are equalized …
Persistent link: https://www.econbiz.de/10010593368
generation product entry decision of the Defender, as well as the pricing decisions of both firms, are analyzed. Analytical …
Persistent link: https://www.econbiz.de/10008579402
domestic entry in the form of spinoffs, and the availability of bank credit. <br>This thesis, for the most part, utilizes the …
Persistent link: https://www.econbiz.de/10011148813