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Challenging the incumbent: entry in markets with captive consumers and taste heterogeneity
Oertel, Christian; Schmutzler, Armin - 2021
We analyze entry of a firm with a new and differentiated product into a market with two properties: An existing … consumers with the degree of taste heterogeneity leads to non-monotone effects of both parameters on entry. In particular, a … higher captive share can support entry when heterogeneity is low but not when it is high, and higher taste heterogeneity (i …
Persistent link: https://www.econbiz.de/10012520198
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Competition and Product Innovation in Dynamic Oligopoly
Goettler, Ronald L.; Gordon, Brett R. - 2013
, such as product substitutability, entry costs, and innovation spillovers, affect firms' equilibrium strategies for entry …
Persistent link: https://www.econbiz.de/10014042417
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Challenging the Incumbent : entry in markets with captive consumers and taste heterogeneity
Schmutzler, Armin; Oertel, Christian - 2021
Persistent link: https://www.econbiz.de/10012513951
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Vertical integration, raising rivals' costs and upstream collusion
Normann, Hans-Theo - 2008
This paper analyzes the impact vertical integration has on upstream collusion when the price of the input is linear. As a first step, the paper derives the collusive equilibrium that requires the lowest discount factor in the infinitely repeated game when one firm is vertically integrated. It...
Persistent link: https://www.econbiz.de/10003861823
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Too much information sharing? : welfare effects of sharing acquired cost information in oligopoly
Ganuza, Juan José; Jansen, Jos - 2010
By using general information structures and precision criteria based on the dispersion of conditional expectations, we study how oligopolists' information acquisition decisions may change the effects of information sharing on the consumer surplus. Sharing information about individual cost...
Persistent link: https://www.econbiz.de/10008662577
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Transparency, price-dependent demand and product variety
Gu, Yiquan; Wenzel, Tobias - 2010
This paper revisits the relationship between transparency on the consumer side and product variety as analyzed in Schultz (2009). We identify two welfare effects of transparency. More transparency decreases price-cost margins which is beneficial forwelfare. On the other hand, more transparency...
Persistent link: https://www.econbiz.de/10008666960
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Relevant market delineation and horizontal merger simulation : a unified approach
Fiuza, Eduardo P. S. - 2010
While often times the Hypothetical Monopolist Test (HMT) utilized in relevant market delineation is implemented with uniform price increases throughout all the goods in the candidate relevant market, since 1984 the versions of the U.S. Merger Guidelines have emphasized that these small but...
Persistent link: https://www.econbiz.de/10003971525
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Simulation and prosecution of a cartel with endogenous cartel formation
Paha, Johannes - 2010
In many cases, collusive agreements are formed by asymmetric firms and include only a subset of the firms active in the cartelized industry. This paper endogenizes the process of cartel formation in a numeric simulation model where firms differ in marginal costs and production technologies. The...
Persistent link: https://www.econbiz.de/10003950512
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A model of vertical oligopolistic competition
Reisinger, Markus; Schnitzer, Monika - 2008
This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of … product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the …
Persistent link: https://www.econbiz.de/10003951516
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Spillover effects in oligopolistic markets : conference paper
Gugler, Klaus; Szücs, Florian - 2013
We estimate the spillovers on firm profitability and market shares in oligopolistic markets through the transition from an n to an n-1 player oligopoly after a merger in the industry. Competitors are identified via the European Commission s market investigations and our methodology allows us to...
Persistent link: https://www.econbiz.de/10010339942