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Consumer search costs and the incentives to merge under Bertrand competition

Moraga-González, José Luis; Petrikaite, Vaiva - 2011

Persistent link: https://www.econbiz.de/10010191091

Janssen, Maarten C. W.; Moraga-González, José Luis - 2007

post-merger. We show that this change in the search composition of demand makes mergers incentive-compatible for the firms … primary effects of a merger. Our main result is that the level of search costs are crucial in determining the incentives of …We study mergers in a market where N firms sell a homogeneous good and consumers search sequentially to discover prices …

Persistent link: https://www.econbiz.de/10011372993

Consumer search and oligopolistic pricing : an empirical investigation

Janssen, Maarten C. W.; Moraga-González, José Luis; … - 2004

This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for sequential and non-sequential search and, using the theoretical restrictions firm and consumer behavior impose on the data, we study the empirical validity of the models. Two...

Persistent link: https://www.econbiz.de/10011451282

Search costs, demand-side economies and the incentives tomerge under Bertrand competition

Moraga-González, José Luis; Petrikaitè, Vaiva - 2013

Persistent link: https://www.econbiz.de/10009734219

Two firms is enough for competition, but three or more is better

Janssen, Maarten C. W.; Moraga-González, José Luis - 2001

We present an oligopoly model where a certain fraction of consumers engage in costly non-sequential search to discover prices. There are three distinct price dispersed equilibria characterized by low, moderate and high search intensity, respectively. We show that the effects of an increase in...

Persistent link: https://www.econbiz.de/10011325665

Multiproduct firms, consumer search, and demand heterogeneity

Kittaka, Yuta - 2018

for a single product while the others search for multiple products. When the mass of consumers who demand one of the … the products are neither complements nor substitutes. In addition, under some conditions, this decrease in demand causes …

Persistent link: https://www.econbiz.de/10011804803

Pricing, consumer search and the size of internet markets

Janssen, Maarten C. W.; Moraga-González, José Luis - 2000

Despite the mixed empirical evidence, many economists stillhold to the view that Internet will promote competition betweenfirms,thereby lowering prices and increasing economic welfare. This paperpresents a search model that provides a different view. We analyzethemarket for a homogeneous good...

Persistent link: https://www.econbiz.de/10011303295

A note on costly sequential search and oligopoly pricing

Janssen, Maarten C. W.; Moraga-González, José Luis; … - 2004

We modify the paper of Stahl (1989) [Stahl, D.O., 1989. Oligopolistic pricing with sequential consumer search. American Economic Review 79, 700–12] by relaxing the assumption that consumers obtain the first price quotation for free. When all price quotations are costly to obtain, the unique...

Persistent link: https://www.econbiz.de/10011335204

Minimum price guarantees in a consumer search model

Janssen, Maarten C. W.; Parakhonyak, Alexei - 2009

This paper is the first to examine the effect of minimum price guaranteesin a sequential search model. Minimum price guarantees are notadvertised and only known to consumers when they come to the shop.We show that in such an environment, minimum price guarantees increasethe value of buying the...

Persistent link: https://www.econbiz.de/10011379207

Consumer search and oligopolistic pricing : an empirical investigation

Janssen, Maarten C. W.; Moraga-González, José Luis; … - 2004

This paper presents an empirical examination of oligopoly pricingand consumer search. The theoretical model allows for sequential andnon-sequential search and using the theoretical restrictions firm andconsumer behavior impose on the data we study the empirical validity of themodels. Two...

Persistent link: https://www.econbiz.de/10011335201

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