residual demand approach advanced by Goldberg and Knetter (1999). The empirical evidence for the American destination market …

We consider demand function competition with a finite number of agents and private information. We analyze how the … structures, hence we can provide sharp and robust bounds on some but not all equilibrium statistics.We then compare demand …

We analyze demand function competition with a finite number of agents and private information. We show that the nature … can arise in equilibrium under any information structure. In demand function competition, the agents condition their … demand on the endogenous information contained in the price.We compare the set of feasible outcomes under demand function to …

We analyze demand function competition with a finite number of agents and private information. We show that the nature … can arise in equilibrium under any information structure. In demand function competition, the agents condition their … demand on the endogenous information contained in the price.We compare the set of feasible outcomes under demand function to …

We investigate wholesale demand response to hourly price movements in the Ontario wholesale electricity market using … Supplier Index, which are utilized in a Cournot competition model to structurally estimate price elasticity of demand during … hit and natural gas prices plummeted) to measure the demand responses to irregular price movements and find that price …

We provide a new framework to identify demand elasticities in markets where managers rely on algorithmic … identify demand elasticities across hotel room types and over time. We confirm these elasticity estimates with a difference …-function approach to two classic questions in the dynamic pricing literature: the evolution of price elasticity of demand over time as …

This paper analyzes dynamic cartel formation and antitrust enforcement when firms operate in demand-related markets. We … enforcement. -- cartel formation ; demand linkage ; antitrust enforcement …

shape competition by investing into production capacity while being subject to unexpected demand shocks with persistence …. The model shows that a negative demand shock can facilitate cartel formation despite lowering collusive profits. This is … because lower demand reduces capacity utilization and makes competition more intense especially when capacities are durable …

We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative …

who invest into production capacity, sell a near-homogeneous good, and are subject to unexpected demand shocks with … persistence. The firms either compete or collude in prices. The model shows that a reduction of demand may promote collusion … despite lowering collusive profits. This is the case when capacities are durable and a perceptible decline in demand creates …