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Understanding the effects of competition among Internet service providers on the availability and quality of broadband … allows me to identify the effects of competition while accounting for strategic behavior as well as to identify the fixed … the degree of competition and the size of entry costs. I find (1) holding costs constant, providers would slightly …
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In this paper we show that a homogeneous-product market with multiple Bertrand equilibria becomes a market with a single Bertrand equilibrium when we introduce a small degree of product differentiation. When differentiation tends to zero, that Bertrand equilibrium converges to the unique...
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