competition by a competitive fringe that produces low quality. We show that the brand manufacturer optimally provides a decoy good …

competition by a competitive fringe that produces low quality. We show that the brand manufacturer optimally provides a decoy good …

innovation intensity to escape competition. The U-shaped relation is more pronounced in industries where firms compete in …

This paper investigates the impact of technical progress on the relationship between competition an investment. Using a … model of oligopoly competition with di¤erentiated products where firms invest to reduce their marginal cost of production, I … competition that maximizes investment of the industry. This feature holds also for consumer surplus and Welfare. In the model …

pricing algorithms that allow for high-frequency price changes. What are the implications for price competition? We develop a … model of price competition where firms can differ in pricing frequency and choose algorithms that autonomously react to …

This paper investigates the relationship between technical progress, competition, and the impact on consumer's surplus …

have achieved the right result for the right reason. In a simple model reflecting the weak competition between the drugs …