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We study mass customization in a duopoly game in which the firms' products have different qualities. Whether customization choices are made simultaneously or sequentially is endogenously determined. Specifically, the customization stage of the game involves two periods. Each firm either selects...
Persistent link: https://www.econbiz.de/10014045217
The paper deals with the competitive effects of price guarantees in a spatial duopoly where consumers can search for lower prices but have to incur hassle costs if they want to claim a price guarantee. It is shown that symmetric equilibria with and without price guarantees exist but price...
Persistent link: https://www.econbiz.de/10010337840
contribute to OSS and compete in the services market, the nature of competition between OSS constituents and proprietary software … three player game and examine how open-source licensing affects competition among an open-source originator, open …
Persistent link: https://www.econbiz.de/10012837117
constraints, the resulting industrial organization is called Bertrand competition …
Persistent link: https://www.econbiz.de/10012954856
The present paper is concerned with providing a core model to address the issue of firms simultaneously competing in both prices and quantities (capacity levels) within a simple duopoly market setting where products are asymmetrically differentiated by endogenous quality location. A three-stage...
Persistent link: https://www.econbiz.de/10012896357
The paper models duopolistic competition in so called monotowns: towns with one big factory where most of the citizens …
Persistent link: https://www.econbiz.de/10012002089
We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two specific research questions: Do participants charge the equilibrium prices that can be derived from a theoretical model? How is the price setting affected by the characteristics...
Persistent link: https://www.econbiz.de/10011825236
In the economic literature on market competition, firms are often modelled as individual decision makers and the … competition. Nevertheless, there are models of team-organization such that team-firms and individual firms are behaviorally … equivalent. This provides a theoretical foundation for the unitary player assumption in Cournot competition. We show that this …
Persistent link: https://www.econbiz.de/10014029080
This paper reconciles the Cournot and Bertrand Models of oligopolistic competition, highlighting its weaknesses and …) ignored the quantity? From the review, the main conclusion of this paper is that oligopoly competition is guided in the long … run by production capacity competition, as advocated by Cournot, equilibrated through price competition in the short run …
Persistent link: https://www.econbiz.de/10010380785
This paper demonstrates that the standard conclusions regarding the comparison of Cournot and Bertrand competition are … Cournot competition yields higher output, lower wholesale prices, lower final prices, higher consumers' surplus, and higher … total welfare than Bertrand competition. …
Persistent link: https://www.econbiz.de/10010351502