Showing 1 - 10 of 971
We present a two-firm model of predation under complete information, based on different discount factors, and integrate it with a model of collusion. Competition, collusion and predation are seen as alternative strategies. The basic conclusions are that there is predation when one firm has a...
Persistent link: https://www.econbiz.de/10014072682
This paper investigates the effects of changes in retail market concentration when input prices are negotiated. Results are derived from a model of bilateral Nash-bargaining between upstream and downstream firms which allows for general forms of demand and retail competition. Whether...
Persistent link: https://www.econbiz.de/10011654786
Consider a setting where threatened rather than actual import competition restrains a domestic oligopoly's prices. I …
Persistent link: https://www.econbiz.de/10014060632
Persistent link: https://www.econbiz.de/10012593405
Persistent link: https://www.econbiz.de/10012543393
standard oligopoly; above the higher threshold there is a unique equilibrium in which all firms disregard that impact as in …
Persistent link: https://www.econbiz.de/10011715927
If an additional competitor reduces output per firm in a homogenous Cournot-oligopoly, market entry will be excessive …
Persistent link: https://www.econbiz.de/10011573222
In a Cournot-oligopoly with free but costly entry and business stealing, output per firm is too low and the number of … distortions occurring in oligopoly. Specifically, excessive entry is aggravated and the welfare loss due to market power rises. …
Persistent link: https://www.econbiz.de/10012015904
evaluation is also justified in a Cournot-oligopoly with free but costly entry. If input markets are competitive and output per … firm declines with the number of firms (business stealing), there is excessive entry into such oligopoly. If trade unions …
Persistent link: https://www.econbiz.de/10012024580
This paper explores the effects of communication in market entry games experimentally. It is shown that communication increases coordination success substantially and generate inferior outcomes for consumers when market entry costs are symmetric. Such effects are not observed when costs are...
Persistent link: https://www.econbiz.de/10014178729