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Imperfect substitutes for perfect complements : solving the anticommons problem
Alvisi, Matteo; Carbonara, Emanuela - 2010
An integrated monopoly, where all complements forming a composite good are offered by a single firm, is typically … competition in the market for each complement. We present a model with two perfect complements and introduce n imperfect … substitutes for one and then for both complements. We prove that, if one complementary good is produced by a monopolist, and if …
Persistent link: https://www.econbiz.de/10011737904
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Platform intermediation in a market for differentiated products
Galeotti, Andrea; Moraga-González, José Luis - 2008 - Rev.: February 2008
We study a two-sided market where a platform attracts firms selling differentiated products and buyers interested in those products. In the unique subgame perfect equilibrium of the game, the platform fully internalizes the network externalities present in the market and firms and consumers all...
Persistent link: https://www.econbiz.de/10011374421
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Estimating demand with multi-homing in two-sided markets
Affeldt, Pauline Luise; Argentesi, Elena; Filistrucchi, Lapo - 2021
We empirically investigate the relevance of multi-homing in two-sided markets. First, we build a micro-founded structural econometric model that encompasses demand for differentiated products and allows for multi-homing on both sides of the market. We then use an original dataset on the Italian...
Persistent link: https://www.econbiz.de/10012607419
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Estimating demand with multi-homing in two-sided markets
Affeldt, Pauline Luise; Argentesi, Elena; Filistrucchi, Lapo - 2021
We empirically investigate the relevance of multi-homing in two-sided markets. First, we build a micro-founded structural econometric model that encompasses demand for differentiated products and allows for multi-homing on both sides of the market. We then use an original dataset on the Italian...
Persistent link: https://www.econbiz.de/10012664715
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Consumer Privacy in Oligopolistic Markets : Winners, Losers, and Welfare
Taylor, Curtis R. - 2015
Motivated by the unprecedented availability of consumer information on the Internet, we characterize the winners and losers from potential privacy regulation in the context of four commonly-used oligopoly models: a linear city model, a circular city model, a vertical differentiation model, and a...
Persistent link: https://www.econbiz.de/10013025793
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Optimal sin taxation and market power
O'Connell, Martin; Smith, Kate - 2021
This paper studies the design of sin taxes when firms exercise market power. We outline an optimal tax framework that highlights how market power impacts the efficiency and redistributive properties of sin taxation, and quantify these effects in an application to sugar-sweetened beverage...
Persistent link: https://www.econbiz.de/10012623743
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Third-degree price discrimination in two-sided markets
Cornière, Alexandre de; Mantovani, Andrea; Shekhar, Shiva - 2023
We investigate the welfare effects of third-degree price discrimination by a two-sided platform that enables interaction between buyers and sellers. Sellers are heterogenous with respect to their per-interaction benefit, and, under price discrimination, the platform can condition its fee on...
Persistent link: https://www.econbiz.de/10014334054
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National vs. international welfare effects of horizontal mergers
Hott, Christian - 2001
Empirical evidence suggests that many mergers do not increase profits of the participating firms and decrease welfare. Due to the globalization of markets we should take an international view on mergers and their welfare effects. This paper develops a Bertrand-model of an international...
Persistent link: https://www.econbiz.de/10010507750
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Local Welfare Effects of Walmart’s Expansion in Mexico, 2009–2020 (Los Efectos sobre el bienestar local de la expansión de Walmart, 2009-2020)
Guerrero, Ruben; Mariscal, Elisa V.; Elbittar, Alexander - 2021
Walmart is one of the most successful companies in the world. With more than $ 524 billion in 2020 revenue and 2.2 million employees, Walmart is the world's largest company by sales volume and is ranked 19th on the Forbes list of the world's largest public companies. Walmart serves nearly 265...
Persistent link: https://www.econbiz.de/10013248217
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Regulating platform competition in markets with network externalities : will predatory pricing restrictions increase social welfare?
Atad, Ohad; Yehezkel, Yaron - 2022
We consider a dynamic platform competition in a market with network externalities. The incumbent platform enjoys a focal position such that consumers expect other consumers to join it, while the entrant platform may enjoy a quality advantage. We examine the effect of an antitrust policy that...
Persistent link: https://www.econbiz.de/10013291496