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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
In this paper we investigate how capacity adjustment costs affect a firm¡¯s response to demand uncertainty. We first characterize the pattern of optimal capacity adjustment for a monopolistic firm and find that capacity behaves as a stabilizer for the firm¡¯s output. For duopolistic firms...
Persistent link: https://www.econbiz.de/10009145683
Although Cournot’s mathematical economics was generally neglected until the mid- 1870s, he was taken up and carefully studied by the Scientific Club of Cambridge, Massachusetts even before his “discovery” by Walras and Jevons. The episode is reconstructed from fragmentary manuscripts of...
Persistent link: https://www.econbiz.de/10010703435
We analyze a two-period licensing game in which a non-producer upstream patent holder licenses an innovation to either one or two downstream licensees for a payment based on the licensee’s expected per-period profit. Licensees have private information about the innovation’s value, and their...
Persistent link: https://www.econbiz.de/10011109957
increases the total surplus compared to the fully private optimum at which the monopoly platform imposes positive fees on … the model to a duopoly of residential broadband ISPs, we again find parameter values such that network neutrality …
Persistent link: https://www.econbiz.de/10011056742
differentiation the duopoly is subsidized or the government remains inactive. In contrast, the monopoly is always subsidized. The … government with a duopoly may be active or inactive depending on the degree of product differentiation. Thus, we may observe a …
Persistent link: https://www.econbiz.de/10004969767
side” of the market) increases total industry surplus compared to the fully private optimum at which the monopoly platform … imposes positive fees on content and applications providers. Similarly, we find that imposing net neutrality in duopoly … increases total surplus compared to duopoly competition between platforms that charge positive fees on content providers. We …
Persistent link: https://www.econbiz.de/10005760651
competing in a differentiated goods market. For a domestic monopoly, and increasing the number of foreign firms, the government … either chooses a R&D (and output) subsidy, or remains inactive. For a domestic duopoly a government taxes, subsidizes, or …
Persistent link: https://www.econbiz.de/10005556503
To study the coexistence of two different ownership forms within anindustry, I develop a simple model of competition between one for-profit and one nonprofit firm. The two firms have different objectives and face different constraints due to their choice of ownership status. Assuming...
Persistent link: https://www.econbiz.de/10005357512
We examine the economic implications of pure bundling under the settings of monopoly and duopoly. We show that under … monopoly and pure bundling of goods with independent demands, the bundled price is strictly less than the sum of the unbundled … prices. In the setting of duopoly and Nash prices, we examine whether bundling can be used as a tool to deter entry. In …
Persistent link: https://www.econbiz.de/10005437903