Abstract Despite descriptive empirical evidence on start-up numbers and survival rates of young firms, the interaction of market entry decisions and reactions of incumbent competitors is still insufficiently understood in the entrepreneurship literature. Repeated games offer a suitable...

Abstract Smartphone-Apps and web-based tools improve the transparency of taxi rides with regard to prices and routing. These technical innovations reduce asymmetric information. Hence, obligatory knowledge tests of streets and important places are no longer necessary. However, the provision of...

Summary This paper is about conscious parallelism in a duopoly with differentiated products. Conscious parallelism is modelled by a “policy of fixed relative prices” (frp) i. e. starting from a competitive equilibrium both duopolists vary prices by the same percentage. This price increasing...

Zusammenfassung Die Arbeit untersucht Entscheidungen des Bundeskartellamtes in den Bereichen „Missbrauchsaufsicht" und „Wettbewerbsbeschränkende Vereinbarungen". Die hier interessierende Frage ist, inwieweit die Entscheidungen der Kartellbehörde durch Kenntnis des Vorwurfs und einiger...

Abstract We discuss competition policy issues of vertical integration in internetbased two-sided markets against the background of the Google antitrust allegations. Network effects and economics of scale often lead to dominating companies, which are integrated over several markets. This implies...

Zusammenfassung Die Vielzahl neuerer Modelle zur Analyse potentieller Konkurrenz läßt sich in zwei Kategorien unterteilen, nämlich die Post-entry-Analyse und die Contestable-market-Theorie. Beide Ansätze, die fast zeitgleich gegen Ende der siebziger Jahre in Erscheinung traten, nehmen für...

We study a market-entry game with a second-mover advantage. In the symmetric equilibrium, there can be a non-monotonic relationship between the probability with which a player will invest (entry) and the length of time until the deadline. Moreover, the probability of investment can move...

This paper relates to the current discussion about how to measure the net cost and the unfair burden of universal service provision in network industries. The established profitability cost approach compares the profit of a universal service provider (USP) with and without a universal service...

Purpose – This paper examines the effect that foreign bank entry into China had on transaction fees and service fees charged by domestic Chinese banks. Design/methodology/approach – This paper is an empirical study using financial data for listed Chinese banks collected from the China Stock...