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market (medium term investment), competition becomes fierce. Thus, the efficiency gains from forward trading found by Allaz … investment), competition becomes rather weak. When investment matters, from a welfare point of view the desirability of forward …
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induces a negative effect on the profits of both media outlets, and increases price competition. Furthermore, the newspaper …
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According to the well-known "merger paradox", in a Cournot market game mergers are generally unprofitable unless most firms merge. The present paper proposes an optimal merger mechanism. With this mechanism mergers are never unprofitable, more profitable than in other known mechanism, and in...
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document that demand effect continued to grow since 2010 and in 2017 outweighed the competition effect for pharmacies. … provide a new evidence about their entry decisions and a toughness of competition in the market. The size of a local market to … practitioners, and by almost 40 % for pediatricians. However, after the entry of the second firm, the intensity of competition does …
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We revisit the concept of Diversified Quality Production (DQP), which we introduced about thirty years ago. Our purpose is to examine the extent to which the concept can still be considered tenable for describing and explaining the development of the interaction between the political economy and...
Persistent link: https://www.econbiz.de/10011567727