Showing 1 - 10 of 11,550
Price delegation is a widely observed business practice. In a market where firms compete on contractual terms ex ante … and on price ex post, we study price delegation with and without limitation: limited price delegation versus full price … delegation. We find that limited price delegation with a lower price bound is the most profitable strategy under market …
Persistent link: https://www.econbiz.de/10012993036
Persistent link: https://www.econbiz.de/10013441894
Persistent link: https://www.econbiz.de/10013040759
Persistent link: https://www.econbiz.de/10011405945
We estimate a dynamic oligopoly entry game in the early U.S. local telephone market. We observe the identities of potential entrants into local markets and therefore the waiting time of each potential entrant before it commits actual entry. To capture the feature of the data, we allow firms to...
Persistent link: https://www.econbiz.de/10013069132
Persistent link: https://www.econbiz.de/10013071704
How should multilateral trade policy be designed in a world in which countries differ in terms of market access and technology, and firms with market power differ in terms of productivity? We answer this question in a model of monopolistic competition in which variable markups increasing in firm...
Persistent link: https://www.econbiz.de/10012890733
We study platforms competing in commissions on revenues of sellers engaged in monopolistic competition, as the app providers on the app stores of iPhones and Android devices. Free entry of sellers on each platform generates multihoming superstars and a long tail of singlehoming sellers....
Persistent link: https://www.econbiz.de/10013216580
We find that the positive impact of a firm’ own innovations on its own growth is similar in more and less competitive industries. In contrast, the negative impact of rival firms’ innovations on a firm’s growth (creative destruction) is significantly stronger in less competitive industries,...
Persistent link: https://www.econbiz.de/10013218282
I study a merger between producers of complement inputs facing entry of superior inputs, with investment by the incumbents in deterministic cost reduction and by the entrants in probabilistic innovation, and competition in prices. The merger is profitable by solving Cournot complementarity...
Persistent link: https://www.econbiz.de/10012914090