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Measuring Conduct and Cost Parameters in the Spanish Airline Market
Fageda, Xavier - 2005
This paper develops a model of airline competition. The model is based on a demand and pricing equation system, which …
Persistent link: https://www.econbiz.de/10014061319
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Market Competition, Firm Profits and Welfare in a Stackelberg Oligopoly with Cost Asymmetry
Yoshida, Shohei - 2016
We revisit the relationships between competition and market outcomes in a Stackelberg oligopoly. Consider a … TV industry, despite being faced with severe competition from foreign entrants. We also show that the effects of … competition on producer surplus, consumer surplus, and social welfare are ambiguous …
Persistent link: https://www.econbiz.de/10012980737
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Maximum likelihood estimation of search costs
Moraga-González, José Luis; Wildenbeest, Matthijs R. - 2006
In a recent paper Hong and Shum [2006. Using price distributions to estimate search costs. Rand Journal of Economics 37, 257–275] present a structural method to estimate search cost distributions. We extend their approach to the case of oligopoly and present a new maximum likelihood method to...
Persistent link: https://www.econbiz.de/10011348711
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A Dynamic Oligopoly Game of the US Airline Industry : Estimation and Policy Experiments
Aguirregabiria, Victor - 2016
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
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Strategic Targeted Advertising
Galeotti, Andrea; Moraga, Jose Luis - 2003
We present a strategic game of pricing and targeted-advertising. Firms cansimultaneously target priceadvertisements to different groups of customers, or to the entiremarket. Pure strategy equilibria do not exist and thus marketsegmentation cannot occur surely. Equilibria exhibit random...
Persistent link: https://www.econbiz.de/10010325630
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Strategic targeted advertising
Galeotti, Andrea; Moraga-González, José Luis - 2003
We present a strategic game of pricing and targeted-advertising. Firms cansimultaneously target priceadvertisements to different groups of customers, or to the entiremarket. Pure strategy equilibria do not exist and thus marketsegmentation cannot occur surely. Equilibria exhibit random...
Persistent link: https://www.econbiz.de/10011333902
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Maximum Likelihood Estimation of Search Costs
Moraga-González, José L.; Wildenbeest, Matthijs R. - 2014
In a recent paper Hong and Shum (forthcoming) present a structural methodology to estimate search cost distributions. We extend their approach to the case of oligopoly and present a maximum likelihood estimate of the search cost distribution. We apply our method to a data set of online prices...
Persistent link: https://www.econbiz.de/10014027277
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Oligopoly pricing : the role of firm size and number
Bos, Iwan; Marini, Marco - In: Games 14 (2023) 1, pp. 1-16
This paper examines a homogeneous-good Bertrand-Edgeworth oligopoly model to explore the role of firm size and number in pricing. We consider the price impact of merger, break up, investment, divestment, entry and exit. A merger leads to higher prices only when it increases the size of the...
Persistent link: https://www.econbiz.de/10014420154
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Search theory of imperfect competition with decreasing returns to scale
Menzio, Guido - In: Journal of economic theory : JET 218 (2024), pp. 1-24
Persistent link: https://www.econbiz.de/10015070894
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Dynamic oligopoly pricing : evidence from the airline industry
Siegert, Caspar; Ulbricht, Robert - 2014
. First, the rate at which prices increase towards the scheduled travel date is decreasing in competition, supporting the idea … that competition restrains the ability of airlines to price-discriminate. Second, the sensitivity to competition is …
Persistent link: https://www.econbiz.de/10010358240