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viewer fees. We show that the equilibrium advertising level is inefficiently high. We also demonstrate that entry of a … competition "either or both." A central result is that platform ownership does not affect advertising levels, despite nontrivial … platform leads to an increase in the advertising level if viewers' preferences for the platforms are negatively correlated …
Persistent link: https://www.econbiz.de/10010339953
industry (i.e., lower entry costs) reduce the crime rate. Furthermore, whether more intense competition due to the increased …
Persistent link: https://www.econbiz.de/10010486053
The Stahl model is one of the most applied consumer search models, with many applications and an empirical background. The present paper explores an extension where sellers have asymmetries, which is mostly excluded by the literature. Sellers with heterogeneous numbers of stores are introduced,...
Persistent link: https://www.econbiz.de/10010486677
We analyze a stylized model of the world grain market characterized by a small oligopoly of traders with market power …
Persistent link: https://www.econbiz.de/10010489907
The paper deals with the competitive effects of price guarantees in a spatial duopoly where consumers can search for lower prices but have to incur hassle costs if they want to claim a price guarantee. It is shown that symmetric equilibria with and without price guarantees exist but price...
Persistent link: https://www.econbiz.de/10010337840
I model the optimal semi-collusive strategy of firms using forward contracts in volatile markets. It has been shown that forward contracts can be used to stabilize a collusive agreement under deterministic (Liski and Montero, 2006) as well as under stochastic market conditions (Aichele, 2012)....
Persistent link: https://www.econbiz.de/10010342821
This article provides a framework for the analysis of cartel formation. It models the strategic interaction among firms who invest into production capacity, sell a near-homogeneous good, and are subject to unexpected demand shocks with persistence. The firms either compete or collude in prices....
Persistent link: https://www.econbiz.de/10010343755
In the recent last years, in particular in the aftermath of the global financial and economic crisis, many countries initiated economic recovery plans with a major focus on stimulating green entrepreneurial activities to revive economic growth. Further, the recovery plans intend to improve a...
Persistent link: https://www.econbiz.de/10010343758
. Specifically, we find that when the patentee can employ observable contracts that can condition on market entry, it can achieve the …
Persistent link: https://www.econbiz.de/10010342889
We present a duopoly model of strategic capital accumulation in continuous time with uncertainty, such that investment takes the form of singular control. Spot competition is of Cournot type. For this model there exists a parameterized and Pareto-rankable family of Markov perfect equiblibria in...
Persistent link: https://www.econbiz.de/10010339395