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Asplund, Marcus - Economics Institute for Research (SIR), … - 1995

Does risk aversion lead to softer or fiercer competition? To give a complete answer, I provide a framework that can accommodate a wide range of alternative assumptions regarding the nature of competition and types of uncertainty. I show how more risk aversion will influence a firm's best...

Persistent link: https://www.econbiz.de/10005649373

STRATEGIC INVESTMENT AND INTERNATIONAL OUTSOURCING IN UNIONISED OLIGOPOLY

Leahy, Dermot; Montagna, Catia - Department of Economics Studies, University of Dundee - 2010

We critically consider the conventional belief that the attractiveness of international outsourcing lies in cheaper labour costs overseas and that it offers a means to ‘escape’ the power of unions. We develop an oligopoly model in which firms facing unionised domestic labour market choose...

Persistent link: https://www.econbiz.de/10008603047

Strategic investment, forward markets and competition

Aichele, Markus - 2014

I model the strategic interaction between firms, that face decisions on investment, forward contracts and spot market quantities. For an investment decision that takes place after firms have contracted forward but before firms compete on the spot market (medium term investment), competition...

Persistent link: https://www.econbiz.de/10010426046

Chapter 15 Antitrust

Kaplow, Louis; Shapiro, Carl - In: Handbook of law and economics : volume 2, (pp. 1073-1225). 2007

policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each …

Persistent link: https://www.econbiz.de/10014023495

Choosing whether to compete : price and format competition with consumer confusion

Crosetto, Paolo; Gaudeul, Alexia - 2014

We run a market experiment where firms can choose not only their price but also whether to present comparable offers. They are faced with artificial demand from consumers who make mistakes when assessing the net value of products on the market. If some offers are comparable however, some...

Persistent link: https://www.econbiz.de/10010433911

Endogenous information disclosure in experimental oligopolies

Kopányi, Dávid; Kopányi-Peuker, Anita - 2015

difference in average total outputs across data aggregation and information settings. However, we observe more collusion when …

Persistent link: https://www.econbiz.de/10010530643

Forward trading and collusion in supply functions

Wölfing, Nikolas - 2019

This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply … functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On … the contrary, collusion is destabilised when a potential deviator sells a significant amount forward. Results do not …

Persistent link: https://www.econbiz.de/10011968922

Patent protection and threat of litigation in oligopoly

Capuano, Carlo; Grassi, Iacopo - 2018

entrant deviates from collusion, the incumbent can strengthen punishment suing the competitor for patent infringement …

Persistent link: https://www.econbiz.de/10011818422

Patent protection and threat of litigation in oligopoly

Capuano, Carlo; Grassi, Iacopo - 2018

entrant deviates from collusion, the incumbent can strengthen punishment suing the competitor for patent infringement …

Persistent link: https://www.econbiz.de/10011799562

Induced price leadership and (counter-)spying rivals' play under incomplete information

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2019

We analyze spying out a rival's price in a Bertrand market game with incomplete information. Spying transforms a simultaneous into a robust sequential moves game. We provide conditions for profitable espionage. The spied at firm may attempt to immunize against spying by delaying its pricing...

Persistent link: https://www.econbiz.de/10011962353