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Injunctions against false advertising
Baumann, Florian; Rasch, Alexander - 2019
false advertising by a firm in duopolistic competition where consumers can be distinguished according to whether or not they … form rational beliefs about the trustworthiness of advertising claims. We compare private and public law enforcement in the … form of the demand for injunctions against false advertising. From a welfare perspective, we show that it can be optimal …
Persistent link: https://www.econbiz.de/10012012317
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Deceptive advertising with rational buyers
Piccolo, Salvatore; Tedeschi, Piero; Ursino, Giovanni - 2015
buyer into a bad purchase through (costly) deceptive advertising. We characterize the equilibrium set of the game and argue …
Persistent link: https://www.econbiz.de/10011774615
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The Recommendation Effect in the Hotelling Game - A New Result for an Old Model
Conze, Maximilian - 2016
Hotelling's famous ‘Principle of Minimum Differentiation' suggests that two firms engaging in spatial competition will decide to locate at the same place. Interpreting spatial competition as modeling product differentiation, firms will thus offer products that are not differentiated and...
Persistent link: https://www.econbiz.de/10013006802
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Strategic R&D and Network Compatibility
Sääskilahti, Pekka - 2018
We analyse the effects of network externalities in strategic R&D competition. We present a model of two firms competing with R&D investments and prices in a differentiated consumer market. Buyers form firm-specific networks which can be compatible. A high degree of compatibility and large...
Persistent link: https://www.econbiz.de/10012916013
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On Vertical Product Differentiation, Network Externalities and Compatibility Decisions : Existence of Incompatible Networks
Sarkar, Sumit - 2005
Market mechanism may or may not throw up compatibility in markets for systems where network effect arises due to complementarity of component parts of a system. We consider a game, where, in stage 1, the firms decide whether to standardise on a single technological platform or not and at the...
Persistent link: https://www.econbiz.de/10014070892
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Stackelberg Versus Cournot Oligopoly With Private Information
Cumbul, Eray - 2020
We compare an n-firm Cournot model with a Stackelberg model, where n-firms choose outputs sequentially, in a stochastic demand environment with private information. The expected total output, consumer surplus, and total surplus are lower, while expected price and total profits are higher in...
Persistent link: https://www.econbiz.de/10014113171
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Alliances between Competitors and Consumer Information
Garella, Paolo G.; Peitz, Martin - 2007
Alliances between competitors where an established firm provides access to its marketing and distribution channels are an important real-world phenomenon. We analyze a market where an established firm, firm A, produces a product of well-known quality, and a firm with an unknown brand, firm B,...
Persistent link: https://www.econbiz.de/10014028020
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Information Transparency of Business-to-Business Electronic Markets : A Game-Theoretic Analysis
Zhu, Kevin - 2014
The abundance of transaction data available on the Internet tends to make information more transparent in electronic marketplaces. In such a transparent environment, it becomes easier for suppliers to obtain information that may allow them to infer their rivals' costs. Is this good news or bad...
Persistent link: https://www.econbiz.de/10014029401
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Two-Sided Competition and Differentiation (with an Application to Media)
Roger, Guillaume - 2011
We model a duopoly in which two-sided platforms compete on both sides of a two-sided market. Platforms (or intermediaries) select the quality they offer consumers, and the prices they charge to consumers and firms. In this model, non-trivial competition on both sides induces non-quasiconcave...
Persistent link: https://www.econbiz.de/10014044034
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How limiting deceptive practices harms consumers
Piccolo, Salvatore; Tedeschi, Piero; Ursino, Giovanni - 2015
engage in deceptive advertising, potentially fooling a buyer into thinking the product is better than it is. Although … deceptive advertising might seem to harm the buyer, we show that he could be better off when the low-quality seller can engage … in deceptive advertising than not. We characterize the optimal deterrence rule that a regulatory agency seeking to punish …
Persistent link: https://www.econbiz.de/10011774607