Narrow search
Showing 1 - 10 of 1,293
Cover Image
Portfolio considerations in differentiated product purchases : an application to the Japanese automobile market
Wakamori, Naoki - 2011
Consumers often purchase more than one differentiated product, assembling a portfolio, which might potentially affect substitution patterns of demand and, as a consequence, oligopolistic firms' pricing strategies. This paper studies such consumers' portfolio considerations by developing a...
Persistent link: https://www.econbiz.de/10009382059
Cover Image
Uncertain costs and vertical differentiation in an insurance duopoly
Raykov, Radoslav S. - 2014
Classical oligopoly models predict that firms differentiate vertically as a way of softening price competition, but …. Quality changes are capable of boosting as well as reducing profits, since quality differentiation softens price competition … equilibria at very low quality levels. I argue that this provides one explanation of how insurer competition drove quality down …
Persistent link: https://www.econbiz.de/10010344933
Cover Image
On the importance of sales for aggregate price flexibility
Kryvtsov, Oleksiy; Vincent, Nicolas - 2014
Macroeconomists have traditionally ignored the behavior of temporary price markdowns ("sales") by retailers. Although sales are common in the micro price data, they are assumed to be unrelated to macroeconomic phenomena and generally filtered out. We challenge this view. First, using the 1996 -...
Persistent link: https://www.econbiz.de/10010418254
Cover Image
Vertical bargaining and obfuscation
Reshidi, Edona - 2022 - Last updated: March 18, 2022
Manufacturers often engage in practices that impede consumer search. Examples include proliferating product varieties, imposing vertical informational restraints, and banning online sales to make it more difficult for consumers to compare prices. This paper models vertical bargaining over...
Persistent link: https://www.econbiz.de/10013169231
Cover Image
Trade and market power in product and labor markets
MacKenzie, Gaelan - 2021 - Last updated: April 7, 2021
competition in input and product markets. Opening product markets up to trade reallocates market shares in product and labor …
Persistent link: https://www.econbiz.de/10012499508
Cover Image
Information sharing and bargaining in buyer-seller networks
Priazhkina, Sofia; Page, Frank H. - 2016
This paper presents a model of strategic buyer-seller networks with information exchange between sellers. Prior to engaging in bargaining with buyers, sellers can share access to buyers for a negotiated transfer. We study how this information exchange affects overall market prices, volumes and...
Persistent link: https://www.econbiz.de/10011576406
Cover Image
Adverse selection with heterogeneously informed agents
Davoodalhosseini, Seyed Mohammadreza - 2018
A model of over-the-counter markets is proposed. Some asset buyers are informed in that they can identify high quality assets. Heterogeneous sellers with private information choose what type of buyers they want to trade with. When the measure of informed buyers is low, there exists a unique and...
Persistent link: https://www.econbiz.de/10011797510
Cover Image
Constrained efficiency with adverse selection and directed search
Davoodalhosseini, Seyed Mohammadreza - 2017
Constrained efficient allocation (CE) is characterized in a model of adverse selection and directed search (Guerrieri, Shimer, and Wright (2010)). CE is defined to be the allocation that maximizes welfare, the ex-ante utility of all agents, subject to the frictions of the environment. When...
Persistent link: https://www.econbiz.de/10011637416
Cover Image
Central bank liquidity facilities and market making
Cimon, David A.; Walton, Adrian - 2022 - Last updated: March 4, 2022
In the onset of the COVID-19 crisis, central banks purchased large volumes of assets in an effort to keep markets operational. We model one such central bank, which purchases assets from dealers to alleviate balance sheet constraints. Asset purchases can prevent market breakdown, improve price...
Persistent link: https://www.econbiz.de/10012886803
Cover Image
Flagship entry in online marketplaces
Jin, Ginger Zhe; Lu, Zhentong; Zhou, Xiaolu; Fang, Lu - 2023 - Last updated: August 15, 2023
price competition within the entry brand, and by improving consumer perception for parts of the platform. In the meantime …
Persistent link: https://www.econbiz.de/10014456560