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This article focuses on the location decision of firms when competing in a spatial Cournot duopoly. Our original contribution is that firms are dependent on a natural resource input, which is assumed to be located in one of the extremes of the market, to be able to produce the output sought by...
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We characterize the equilibrium and optimal resource allocations in a general equilibrium model of monopolistic competition with multiple asymmetric sectors and heterogeneous firms. We first derive general results for additively separable preferences and general productivity distributions, and...
Persistent link: https://www.econbiz.de/10011563154
This paper investigates how an incumbent monopolist can weaken potential rivals or deter entry in the output market by manipulating the access of these rivals in the input market. We analyze two polar cases. In the first one, the input market is assumed to be competitive with the input being...
Persistent link: https://www.econbiz.de/10012733124
We introduce a flexible third-degree price discrimination framework by modeling the information firms possess about consumers' locations (preferences) on the Salop circle as a partition. Higher information quality is translated into a partition refinement. In the limit, we obtain the perfect...
Persistent link: https://www.econbiz.de/10014061086
We model an industry in which a discrete number of firms choose the output of their differentiated products deciding whether or not to consider the impact of their decisions on aggregate output. We show that two threshold numbers of firms exist such that: below the lower one there is a unique...
Persistent link: https://www.econbiz.de/10011715927
Bank market power shapes firm investment and financing dynamics and hence affects the transmission of macroeconomic shocks. Motivated by a secular increase in the concentration of the US banking industry, I study bank market power through the lens of a dynamic general equilibrium model with...
Persistent link: https://www.econbiz.de/10014236755
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Comments on the Translation -- 1 Stating the Economic Problem and Basic Principles -- 2 General Analysis of Typical Market Structures -- 3 Analysis of the Relationship between Dual Markets and Multiple Markets -- 4 Dyopolistic Market Share Ranking -- 5 Landmark History of Economic Thought -- 6...
Persistent link: https://www.econbiz.de/10014015166