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increase with the intensity of competition. We develop a new measure of competition for which we use the proximity (in … departure time) of a given flight to its competitors to infer the intensity of competition and estimate the impact of … competition on advance purchase discounts (APDs) and the dynamic pricing of airlines by exploiting plausibly exogenous changes in …
Persistent link: https://www.econbiz.de/10012251366
In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...
Persistent link: https://www.econbiz.de/10011451580
media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine … economic effects of these types of mergers on market competition, focusing on digital media content distribution. In doing so … concerning? (ii) Would vertical or horizontal integration be more preferable for overall welfare and competition in this industry …
Persistent link: https://www.econbiz.de/10012011207
; Cournot competition ; collusion …
Persistent link: https://www.econbiz.de/10003908407
competition among CPs strongly reduces their profits, in the Unregulated Regime ISPs can use termination fees to induce …
Persistent link: https://www.econbiz.de/10010201164
Imposing a minimum quality standard (MQS) is conventionally regarded as harmful if firms compete in quantities. This, however, ignores its possible dynamic effects. We show that an MQS can hinder collusion, resulting in dynamic welfare gains that reduce and may outweigh the static losses which...
Persistent link: https://www.econbiz.de/10010294708
competition among CPs strongly reduces their profits, in the Unregulated Regime ISPs can use termination fees to induce …
Persistent link: https://www.econbiz.de/10010420580
Boone (2008a) proposes a new competition measure based on Relative Profit Differences (RPD) with superior theoretical … indicator fails to correctly indicate competition. A proposed augmented indicator based on RPDs performs better. The traditional … Lerner-Index is still the only meas-ure that correctly indicates the expected competitive changes. -- Competition ; Boone …
Persistent link: https://www.econbiz.de/10009129974
Ein Jahr nach Inkrafttreten der deutschen Energierechtsnovelle sind die Konturen der zukünftigen Strommarktregulierung noch zu weiten Teilen ungeklärt. Vor diesem aktuellen wirtschaftspolitischem Hintergrund wird in diesem Papier die Frage nach einer sachgerechten Ausrichtung der...
Persistent link: https://www.econbiz.de/10011475164
We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We develop a theoretical model and show that average price is a U-shaped function of the measure of searchers: prices are highest when there are no searchers (local monopoly power)...
Persistent link: https://www.econbiz.de/10012007152