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We present a fairly general model in which firms are competitors in a commercial market segment and can invest into a complementary public good like open source software. We show that, contrary to standard predictions, additional contribution to the public good by the government or a new market...
Persistent link: https://www.econbiz.de/10010930937
A model of interaction between hardware vendors, Intel and AMD, and developers ofWindows and Linux operating systems is suggested. Intel and AMD both maximize profits forming atraditional oligopoly, while Microsoft and the community of Linux developers form a mixedduopoly, in which only the...
Persistent link: https://www.econbiz.de/10008497460
In 1999, the International Natural Rubber Agreement (INRA) which had regulated the world’s natural rubber since 1979 collapsed. This paper analyzed the impacts of this international agreement on both the global trade and supply of natural rubber as well as on Indonesia, a major producer...
Persistent link: https://www.econbiz.de/10011156415
We consider a duopoly market in which two retailers with different reputation compete in prices and one of the retailers is considering selling through a new channel. Consumers are reputation sensitive and averse to the new channel. In addition, the reputation sensitivity and new channel...
Persistent link: https://www.econbiz.de/10009209778
This paper develops a strategy for identification and estimation of complete information games that does not require a regressor that has large support or a parametric specification for the distribution of the unobservables. The identification result uses a nonstandard but plausible condition on...
Persistent link: https://www.econbiz.de/10011798957
In this paper we study the Nash equilibrium in a smooth public goods economy, described as a non-cooperative game, where the set of players is a mixed measure space of consumers. We assume a finite number of private goods. We show that under certain conditions there exists a unique Nash...
Persistent link: https://www.econbiz.de/10011187367
This paper studies equilibrium merging behavior in composite good industries. Component producers face the option to either merge with a similar component producer (horizontal merger) or a complementary one (vertical merger) of a composite good. Focusing only on strategic reasons, vertical...
Persistent link: https://www.econbiz.de/10011650299
This paper studies equilibrium merging behavior in composite good industries. Component producers face the option to either merge with a similar component producer (horizontal merger) or a complementary one (vertical merger) of a composite good. Focusing only on strategic reasons, vertical...
Persistent link: https://www.econbiz.de/10010503326
leader. The reverse is true below this level. This result holds for both substitutes and complements. …
Persistent link: https://www.econbiz.de/10010729848
one. We find that information frictions lead to price dispersion. When the two goods are complements, their prices will … empirical evidence which suggests that simultaneous price discounts of complements are infrequent. If the goods are substitutes … complements, retailers earn higher profits than in the one-good model through taxing captive consumers with a high overall price …
Persistent link: https://www.econbiz.de/10010573881