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With the advent of platform economies and the increasing availability of online price comparisons, many empirical markets now select on relative rather than absolute performance. This feature might give rise to the 'winner takes all/most' phenomenon, where tiny initial productivity differences...
Persistent link: https://www.econbiz.de/10014501347
This paper investigates the impacts of competition structures on firms’ incentives for adopting strategic environmental corporate social responsibility (ECSR) certified by a Non-Governmental Organization. We show that, to induce firms to adopt certified ECSR, the certifier will set a standard...
Persistent link: https://www.econbiz.de/10011263444
We study firms' incentives to create switching costs using a four-period model consisting of two consecutive price-competing stages intervened by options to create switching costs early (before price competition) and late (during price competition). Acknowledging that many real/social switching...
Persistent link: https://www.econbiz.de/10011117297
We study the evolution of imitation behaviour in a differentiated market where firms are located equidistantly on a (Salop) circle. Firms choose price and quantity simultaneously, leaving open the possibility for non-market-clearing outcomes. The strategy of the most successful firm is imitated....
Persistent link: https://www.econbiz.de/10011209198
In actual economies, players sometimes would offer an upper limiter to their output due to capacity constraints, financial constraints and cautious response to uncertainty in the world, or offer a lower limiter to their output due to economies of scale or break-even consideration. In this paper,...
Persistent link: https://www.econbiz.de/10010738006
This study investigates the impact of communication on outcomes in Cournot duopoly and triopoly experiments. Communication is implemented by two different devices, a ‘standardized-communication’ and a ‘free-communication’ device. Using both students and managers as subjects, we find that...
Persistent link: https://www.econbiz.de/10010785240
We analyze firms' entry, production and hedging decisions under imperfect competition. We consider an oligopoly industry producing a homogeneous output in which risk-averse firms face an entry cost upon entering the industry, and then compete in Cournot with one another. Each firm faces...
Persistent link: https://www.econbiz.de/10010906759
This paper analyzes the impact of simultaneous increases in piracy (piracy effect) and network externalities (network effect) on R&D investment. A single firm's R&D investment increases (or decreases) if the network effect (or piracy effect) is dominant. With R&D competition, if the firms...
Persistent link: https://www.econbiz.de/10011048826
In this paper, I offer two ways in which firms can collude: secret monitoring and infrequent coordination. Such collusion is enforceable with intuitive communication protocols. I make my case in the context of a repeated Cournotoligopoly with flexible production, prices that follow a Brownian...
Persistent link: https://www.econbiz.de/10010949139
Despre OPEC s-a scris foarte mult în literatura de specialitate: de ce a fost creat, ce a realizat, încotro se îndreapta. Studiul comportamentului OPEC a devenit o afacere de proportii pentru profesori, consultanti, analisti politici. Nu numai companiile petroliere si bancile sunt dispuse sa...
Persistent link: https://www.econbiz.de/10010584111