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We study the entry timing and location decisions of two exclusive buyer-supplier relationships in a continuous-time spatial competition model. In each relationship, the firms determine their entry timing and location, and negotiate a wholesale price through Nash bargaining. Then, the downstream...
Persistent link: https://www.econbiz.de/10011723843
In the recent decade, reversed brownfield FDI are intensified. Companies from developing countries such as China, initiated cross border mergers and acquisitions on target firms in developed countries with large turnovers. Many of the parent companies are state-owned enterprises and many of the...
Persistent link: https://www.econbiz.de/10014204289
The anomalous inverse concentration-price relationship observed by some researchers in the newspaper market has been attributed to scale economies. In this paper we suggest that the newspaper's (or magazine's) double-product feature (i.e., news supplied to readers and advertising space supplied...
Persistent link: https://www.econbiz.de/10010319315
The key to an understanding of the TV industry is the market for TV advertising. We present a model of this market that also encompasses the product markets and the viewer market. Because viewers dislike commercials, there is congestion in advertising, and TV channels offer complementary goods...
Persistent link: https://www.econbiz.de/10010284318
The anomalous inverse concentration-price relationship observed by some researchers in the newspaper market has been attributed to scale economies. In this paper we suggest that the newspaper's (or magazine's) double-product feature (i.e., news supplied to readers and advertising space supplied...
Persistent link: https://www.econbiz.de/10011540311
This paper provides an empirical examination of third-degree price discrimination in the Swedish newspaper industry. The results show that price discrimination is more prevalent in competitive markets and among newspapers with low market shares. This supports predictions from recent theoretical...
Persistent link: https://www.econbiz.de/10001618122
We examine cost-reducing investment in vertically-related oligopolies, where firms may be vertically integrated or separated. Analyzing a standard linear Cournot model, we show that: (i) Integrated firms invest more than separated competitors. (ii) Vertical integration increases own investment...
Persistent link: https://www.econbiz.de/10001807376
In this article advertiser supported media, such as television, are analyzed as an industry selling audiences to advertisers. A simple stylized model is used to demonstrate that increased competition leads to less of a price decline (in extreme cases, maybe even a price increase) than would be...
Persistent link: https://www.econbiz.de/10014028749
We present a model of the TV-advertising market that encompasses both the product markets and the market for TV programs. We argue that the TV industry has several idiosyncratic characteristics that need to be modeled, and show that the strategic interaction in this industry differs from other...
Persistent link: https://www.econbiz.de/10014029543
in this advance selling setting that managers consistently choose prices that yield revenues approximately 25% below … optimal levels. Specifically, we show that managers appear to choose prices in a manner consistent with maximizing a mix of … online reviews in pricing decisions and the effect of competitors' pricing strategies on a focal hotel's optimal prices. We …
Persistent link: https://www.econbiz.de/10012937694