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countervailing power, via an increase in downstream concentration, depends on the competition regime between airlines and whether … airports can price discriminate: airline concentration reduces the landing fee when downstream competition is in quantities …, but if downstream competition is in prices only where airports cannot discriminate. Furthermore, only in a specific case …
Persistent link: https://www.econbiz.de/10013068916
investigate the effects of vertical market structure on competition. The evidence suggests that complex vertical structures …
Persistent link: https://www.econbiz.de/10014029214
I consider a Vickrey-Salop model of spatial product differentiation with quasi-linear utility functions and contrast two modes of production, the proprietary model where entrepreneurs sell software to the users, and the open source model where users participate in software development. I show...
Persistent link: https://www.econbiz.de/10014213412
The present paper investigates the organizational nature of two-sided platforms. The article departs from the classical case of an industry that presents some intrinsic characteristics which give to it the status of a two-sided market. Specifically, the paper considers that the decision of a...
Persistent link: https://www.econbiz.de/10014154944
behavior of nondiversified competitors beyond effects on risk due to competition. Empirical results obtained from the U …
Persistent link: https://www.econbiz.de/10013114769
general there is no unique optimal organization structure over time - when product market competition is intense …
Persistent link: https://www.econbiz.de/10012719892
Market structure affects the informational and real frictions faced by traders in equity markets. Using bid-ask spreads, we present evidence which suggests that while real frictions associated with the costs of supplying immediacy are less in order-driven systems, informational frictions...
Persistent link: https://www.econbiz.de/10013137524
We examine the interplay of endogenous vertical integration and costreducing downstream investment in successive oligopoly. We start from a linear Cournot model to motivate our more general reducedform framework. For this general framework, we establish the following main results: First,...
Persistent link: https://www.econbiz.de/10002202366
We provide a theoretical framework to discuss the relation between market size and vertical structure in the railway industry. The framework is based on a simple downstream monopoly model with two input suppliers, labor forces and the rail infrastructure firm. The operation of the downstream...
Persistent link: https://www.econbiz.de/10014042439
We study how vertical integration in a two-sided media market affects investments in premium content. We show that a content provider provides the premium content exclusively to a platform, regardless of what the vertical structure of the industry is. However, a vertically integrated content...
Persistent link: https://www.econbiz.de/10013034672