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Pricing in asymmetric two-sided markets : a laboratory experiment
Weghake, Jens; Erlei, Mathias; Keser, Claudia; Schmidt, … - 2018 - Version: April 2018
We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two specific research questions: Do participants charge the equilibrium prices that can be derived from a theoretical model? How is the price setting affected by the characteristics...
Persistent link: https://www.econbiz.de/10011825236
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The market for melons: Cournot competition with unobserval qualities
Argenton, Cédric - 2006
market where buyers only observe the average quality supplied. The model is a generalization of the standard Cournot duopoly …
Persistent link: https://www.econbiz.de/10010281170
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Reconciling Cournot and Bertrand outcomes : a review
Kirui, Kipyegon Benard - 2013 - April 2013, first draft
This paper reconciles the Cournot and Bertrand Models of oligopolistic competition, highlighting its weaknesses and giving an opinion thereafter. The pertinent question in this paper is why Cournot (1838) ignored the price and Bertrand (1883) ignored the quantity? From the review, the main...
Persistent link: https://www.econbiz.de/10010380785
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Price guarantees, consumer search, and hassle costs : conference paper
Baake, Pio; Schwalbe, Ulrich - 2013
The paper deals with the competitive effects of price guarantees in a spatial duopoly where consumers can search for …
Persistent link: https://www.econbiz.de/10010337840
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Price vs. quantity competition in a vertically related market
Alipranti, Maria; Milliou, Chrysovalantou; Petrakēs, … - 2014
This paper demonstrates that the standard conclusions regarding the comparison of Cournot and Bertrand competition are reversed in a vertically related market with upstream monopoly and trading via two-part tariffs. In such a market, downstream Cournot competition yields higher output, lower...
Persistent link: https://www.econbiz.de/10010351502
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The limited liability effect in experimental duopoly markets
Oechssler, Joerg; Schuhmacher, Frank - 2001
Brander and Lewis argue in a seminal paper (AER, 1986) that a firm's debt-equity ratio should have important strategic … effects on product market competition. We test their model in a duopoly experiment under both, Bertrand and Cournot …
Persistent link: https://www.econbiz.de/10011539878
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Electronic coordination in oligopolistic markets : impact on transport costs and product differentiation
Bandulet, Martin; Morasch, Karl - 2002
duopoly where firms compete in two spatially separated markets. We show that firms always have nonnegative incentives to …
Persistent link: https://www.econbiz.de/10010509336
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Quality competition and entry deterrence : when to launch an extra brand
Müller, Stephan; Götz, Georg - 2014
In this paper, we study the rational for an incumbent to launch a second brand when facing potential entry in a market with quality differentiated products and a fringe producer. Depending on market size, costs for a second brand and a potential entrant’s setup cost the incumbent might use a...
Persistent link: https://www.econbiz.de/10010433926
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Bertrand competition in markets with network effects and switching costs
Suleymanova, Irina; Wey, Christian - 2011
We analyze Bertrand duopoly competition in markets with network effects and consumer switching costs. Depending on the … ratio of switching costs to network effects, our model generates four different market patterns: monopolization and market … only occurs for intermediate values of the ratio, whereas for large switching costs market sharing is the unique …
Persistent link: https://www.econbiz.de/10009236846
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The market for melons : Cournot competition with unobserval qualities
Argenton, Cédric (contributor) - 2006 - Rev. version December 2005
market where buyers only observe the average quality supplied. The model is a generalization of the standard Cournot duopoly … quantity-setting helps prevent market unraveling. -- Cournot competition ; quality ; duopoly ; asymmetric information ; Nash …
Persistent link: https://www.econbiz.de/10003254850