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the budget constraints to which antitrust watchdogs are commonly subject to, a such price screen could be set up, just …
Persistent link: https://www.econbiz.de/10011110745
of the restrictions imposed by the antitrust authorities. The analysis is conducted in two models: a static and a dynamic … model of monopolization by a single buyer. In contrast to preceding models, a firm owner is allowed to use mixed strategies … in order to decide whether to sell his firm or not. The static model implies that the monopolization through acquisition …
Persistent link: https://www.econbiz.de/10011112038
group from the competition, a situation called monopolization. Conversely, there is a degree of relative privateness above …
Persistent link: https://www.econbiz.de/10011165362
equilibrium outcome. Moreover, we find that both monopolization and enduring market share and price fluctuations (price wars) can …
Persistent link: https://www.econbiz.de/10011065469
In the case of vertically differentiated products, Bertrand competition at the retail level does not prevent an incumbent upstream firm from using exclusivity contracts to deter the entry of a more efficient rival, contrary to what happens in the homogenous product case. Indeed, because of...
Persistent link: https://www.econbiz.de/10011091426
It is well established that an incumbent firm may use exclusivity contracts so as to monopolize an industry or deter entry. Such an anticompetitive practice could be tolerated if it were associated with sufficiently large efficiency gains, e.g. insuring buyers against price volatility. In this...
Persistent link: https://www.econbiz.de/10011091743
Many commodities are traded on both a spot market and a derivative market. We show that an incumbent producer may use financial derivatives to extract rent from a potential entrant. The incumbent can indeed sell insurance to a large buyer to commit himself to compete aggressively in the spot...
Persistent link: https://www.econbiz.de/10011091883
The paper proposes a new classification of industrial market players (firms) by indicators such as «concentration of firms» and «sustainability of leading market positions». This classiiication allows identifying the several types of markets which can be characterized by their market power...
Persistent link: https://www.econbiz.de/10008558571
This paper examines how the introduction of a direct trade alternative for buyers and sellers affects competition among middlemen. Direct trade makes middlemen’s supply and demand functions depend on both bid and ask prices, a feature we term interdependence. A simple model is used to...
Persistent link: https://www.econbiz.de/10005662288
Persistent link: https://www.econbiz.de/10005674255