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residual demand approach advanced by Goldberg and Knetter (1999). The empirical evidence for the American destination market …
Persistent link: https://www.econbiz.de/10011743155
the decentralized coordination mechanism inherent in all competitive markets. Coordinating supply and demand is not the … mechanism of this coordination is valuable for economic thinking and economic theory. However, the implications of the perfect … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has …
Persistent link: https://www.econbiz.de/10014536299
of demand and retail competition. Whether countervailing buyer power arises, in the form of lower negotiated prices … buyer power arises in equilibrium for a broad class of demand forms, and its magnitude depends on the degree of product … level. The demand systems commonly used in the literature impose strong restrictions on the results …
Persistent link: https://www.econbiz.de/10012971105
provide a reliable assessment of competitive constraints, market power analysis must consider the interdependencies in demand …
Persistent link: https://www.econbiz.de/10014128700
In this paper, we comment on the debate about guidelines for Art. 102 TFEU in the face of the challenges brought by digital ecosystems and abuse of dominance in related markets. We take the perspective of dynamic competition economics and derive four recommendations for the future enforcement of...
Persistent link: https://www.econbiz.de/10014512364
forms of demand and retail competition. Whether countervailing buyer power arises, in the form of lower negotiated prices … arises in equilibrium for a broad class of demand forms, and its magnitude depends on the degree of product differentiation …. Finally, the linear demand systems commonly used in the literature impose strong restrictions on the results. …
Persistent link: https://www.econbiz.de/10011334106
of demand and retail competition. Whether countervailing buyer power arises, in the form of lower negotiated prices … buyer power arises in equilibrium for a broad class of demand forms, and its magnitude depends on the degree of product … level. The demand systems commonly used in the literature impose strong restrictions on the results. …
Persistent link: https://www.econbiz.de/10011654786
Given various recent antitrust investigations on the retail sector, we deal with uncovering demand systems substitution …. drugstores). Using the uncovered demand system we compute retail and manufacturer margins and combine those with standard market …
Persistent link: https://www.econbiz.de/10010434293
We study bargained input prices where up and downstream firms can choose alternative vertical partners. We apply our model to bargained airport landing fees where a number of interesting policy questions have arisen. For example, what is the impact of joint ownership of airports? Does airline...
Persistent link: https://www.econbiz.de/10013068916
In a two-tier oligopoly, where the downstream firms are locked in pair-wise exclusive relationships with their upstream input suppliers, the equilibrium mode of competition in the downstream market is endogenously determined as a renegotiation-proof contract signed between each downstream firm...
Persistent link: https://www.econbiz.de/10010205412