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Standard economics provides a well-understood framework of the competitive determinants of market prices that is now widely accepted for antitrust analysis. In “two-sidedmarkets,” where firms supply products demanded by two interrelated groups of consumers, these competitive forces operate...
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This paper investigates the competition between payment card issuers in an artificial payment card market. In the … market leads to the result that more competitors do actually reduce competition for customers …
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A policy innovation that has achieved widespread diffusion across national and sub-national governments in industrialized countries is the promotion of networks among small manufacturers as a means of promoting competitiveness. However, research and evaluations of formal networks formed in...
Persistent link: https://www.econbiz.de/10013116607
We analyse competition between perfectly substitutable networks. Monopolization can be sustained in equilibrium by … (off-net) networks is shown to restore competition. This regulation requires neither demand data nor information about call …
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