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The paper models duopolistic competition in so called monotowns: towns with one big factory where most of the citizens …
Persistent link: https://www.econbiz.de/10012002089
incentive for vertically integrated firms to participate in the retail market, which increases competition in the short …
Persistent link: https://www.econbiz.de/10011742358
We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two specific research questions: Do participants charge the equilibrium prices that can be derived from a theoretical model? How is the price setting affected by the characteristics...
Persistent link: https://www.econbiz.de/10011825236
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
bidders' costs generally depends on the type and fierceness of the market competition, the specific auction format, and the …
Persistent link: https://www.econbiz.de/10003935653
We consider contestants who must choose exactly one contest, out of several, to participate in. We show that when the contest technology is of a certain type, or when the number of contestants is large, a self-allocation equilibrium, i.e., one where no contestant would wish to change his choice...
Persistent link: https://www.econbiz.de/10011718621
attract more customers than their offline counterparts due to reduced mismatch costs, but face a tougher price competition …
Persistent link: https://www.econbiz.de/10011715856
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