Showing 1 - 10 of 2,104
market, to be completed by 2020. The single market will boost the competition in both ASEAN's internal and external markets …
Persistent link: https://www.econbiz.de/10013061529
in the US airline industry. Our results are based on the estimation of a dynamic oligopoly game of network competition …
Persistent link: https://www.econbiz.de/10012706994
competition model for a homogeneous good. It is shown that firms can exploit this weakness and charge prices above the competitive …
Persistent link: https://www.econbiz.de/10013156472
We analyze price competition between two brands. Buyers consist of switchers and two segments of customers with limited … brand loyalty. We identify a unique symmetric mixed-strategy price equilibrium and find that competition is most relaxed …
Persistent link: https://www.econbiz.de/10010939501
Persistent link: https://www.econbiz.de/10012177809
The objective of the paper is to elaborate a simulation model to analyze inter- and intra-modal competition in the … effect of a kerosene tax. Hence our framework could serve as a tool to measure the effectiveness of competition on a relevant … market or to design marketing strategies. More generally it can be applied in cases of oligopolistic competition when …
Persistent link: https://www.econbiz.de/10014067889
We analyze the impact of overconfidence on the timing of entry in markets, profits, and welfare using an extension of the quantity commitment game. Players have private information about costs, one player is overconfident, and the other one rational. We find that for slight levels of...
Persistent link: https://www.econbiz.de/10012432306
consumer welfare. The model consists of an investment stage with uncertain returns and subsequent quantity competition. The …
Persistent link: https://www.econbiz.de/10003860957
Riley (1979)'s reactive equilibrium concept addresses problems of equilibrium existence in competitive markets with adverse selection. The game-theoretic interpretation of the reactive equilibrium concept in Engers and Fernandez (1987) yields the Rothschild-Stiglitz (1976)/Riley (1979)...
Persistent link: https://www.econbiz.de/10010419870
experience entry and other do not. In all pre-entry markets competition is more intense. Post-entry behavior in all markets is …
Persistent link: https://www.econbiz.de/10011451143