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This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product market rivalries that emerges endogenously out of the characteristics of the products and services they supply. My model embeds a novel, highly tractable and scalable demand system...
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. First, we discuss to which extent competition can emerge in digital markets and show which forms it can take. In particular … competition in platform markets. Second, we analyse competition policy issues and discuss how rules designed for standard markets … can perform in two-sided markets. We show that multi-sided externalities create new opportunities for anti …
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We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … (somewhere between the endogenous oligopoly and monopoly prices). While oligopolies benefit consumers regardless of whether …
Persistent link: https://www.econbiz.de/10010498486
We experimentally examine the effects of price competition in markets for experience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … (somewhere between the endogenous oligopoly and monopoly prices). While oligopolies benefit consumers regardless of whether …
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