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Despite descriptive empirical evidence on start-up numbers and survival rates of young firms, the interaction of market entry decisions and reactions of incumbent competitors is still insufficiently understood in the entrepreneurship literature. Repeated games offer a suitable theoretical...
Persistent link: https://www.econbiz.de/10010892212
This paper highlights the monopoly firms´ commitments for goods requiring high maintenance expenditure, such as …. Based on this model, several types of commitments with different guarantee time limits are compared under monopoly … conditions. This paper finds that the guarantee pattern has no effect on the monopoly firm´s profits if all information is known …
Persistent link: https://www.econbiz.de/10011195575
This paper is concerned with the question of how to deal with Google Shopping’s position on online markets in order to prevent harm to public welfare. From the perspective of sellers and buyers of goods and services in Germany, Google can be seen as a gatekeeper to the Internet and thus as an...
Persistent link: https://www.econbiz.de/10011123609
This paper analyzes the optimal informative advertising and price policies of a monopolist who sells a new experience good over time to a population of heterogeneous buyers. Under certain conditions, the advertising rate first increases and then decreases over the marketing cycle with a peak...
Persistent link: https://www.econbiz.de/10009020444
This paper analyzes the optimal advertising and price policies of a monopolist who sells a new experience good over time to a population of heterogeneous forward-looking buyers. We consider informative advertising that can complement or substitute for learning-by-purchasing, and show that the...
Persistent link: https://www.econbiz.de/10009021487
We study under which conditions a learning by doing effect in the industry causes a monopolist to operate at a loss for some initial periods. Those conditions involve a parameter of the learning process, the slope of inverse demand function and the discount parameter. In order to get results, we...
Persistent link: https://www.econbiz.de/10005598213
As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests, however, that unfettered competition is not first best given the special features of finance. I review these analytics and describe how to assess the degree of competition in...
Persistent link: https://www.econbiz.de/10005826668
In Korea, processed food markets have various shapes of structure: the markets of ice cream, special dietary food, noodles, sugar are highly concentrated, while the markets of gimchi, pickles, and ice are not very concentrated. The level of market concentration changes over time. These market...
Persistent link: https://www.econbiz.de/10005806770
В статье рассмотрены теоретические аспекты обоснования государственной политики в сфере регулирования конкурентных отношений в современных моделях смешанной...
Persistent link: https://www.econbiz.de/10011221004
Проаналізовано сучасний стан та особливості конкурентного середовища в Україні. Обґрунтовано необхідність подальшого стимулювання конкуренції в національній...
Persistent link: https://www.econbiz.de/10011233905