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Choosing whether to compete : price and format competition with consumer confusion

Crosetto, Paolo; Gaudeul, Alexia - 2014

offers especially when many consumers prefer comparable offers. This occurs after initial periods with strong competition and … leads to lower welfare for all consumers. In treatments where firms cannot monitor the competition, firms end up having to …

Persistent link: https://www.econbiz.de/10010433911

Pricing in asymmetric two-sided markets : a laboratory experiment

Weghake, Jens; Erlei, Mathias; Keser, Claudia; Schmidt, … - 2018 - Version: April 2018

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

Competition in pricing algorithms

Brown, Zach Y.; MacKay, Alexander - 2019

pricing algorithms that allow for high-frequency price changes. What are the implications for price competition? We develop a … model of price competition where firms can differ in pricing frequency and choose algorithms that autonomously react to …

Persistent link: https://www.econbiz.de/10012175360

Strategic data sales to competing firms

Delbono, Flavio; Reggiani, Carlo; Sandrini, Luca - 2021

The unprecedented access of firms to consumer level data facilitates more precisely targeted individual pricing. We study the incentives of a data broker to sell data about a segment of the market to three competing firms. The segment only includes a share of the consumers in the market around...

Persistent link: https://www.econbiz.de/10012695129

Exclusive data, price manipulation and market leadership

Gu, Yiquan; Madio, Leonardo; Reggiani, Carlo - 2019

lists of consumers, exclusive data availability intensifies market competition. …

Persistent link: https://www.econbiz.de/10012104125

Exclusivity clauses : enhancing competition, raising prices

Blatter, Marc; Sticher, Silvio - 2013

In a setting where retailers and suppliers compete for each other by offering binding contracts, exclusivity clauses serve as a competitive device. As a result of these clauses, firms addressed by contracts only accept the most favorable deal. Thus the contract-issuing parties have to squeeze...

Persistent link: https://www.econbiz.de/10010227309

The collusive efficacy of competition clauses in Bertrand Markets with capacity-constrained retailers

Trost, Michael - 2021

We study the collusive efficacy of competition clauses (CC) such as the meeting competition clause (MCC) and the … beating competition clauses (BCC) in a general framework. In contrast to previous theoretical studies, we allow for repeated …

Persistent link: https://www.econbiz.de/10012546930

Quality competition and hospital mergers : an experiment

Han, Johann; Kairies-Schwarz, Nadja; Vomhof, Markus - 2016

Based on a Salop model with regulated prices, we investigate quality provision behavior of competing hospitals before and after a merger. For this, we use a controlled laboratory experiment where subjects decide on the level of treatment quality as head of a hospital. We find that the...

Persistent link: https://www.econbiz.de/10011444718

Oligopolistic competition in price and quality

Dubovik, Andrei; Janssen, Maarten C. W. - 2008

We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...

Persistent link: https://www.econbiz.de/10011376636

Algorithmic pricing and competition : empirical evidence from the German retail gasoline market

Assad, Stephanie; Clark, Robert; Ershov, Daniel; Xu, Lei - 2020

Economic theory provides ambiguous and conflicting predictions about the association between algorithmic pricing and … competition. In this paper we provide the first empirical analysis of this relationship. We study Germany's retail gasoline market … outcomes linked to competition. Because station-level adoption is endogenous, we use brand headquarter-level adoption decisions …

Persistent link: https://www.econbiz.de/10012286512