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question whether it affects the outcome of product market competition. The paper investigates the effect of such distortion on … setting the interaction between product market competition and conservative bias is studied. The results show that when …
Persistent link: https://www.econbiz.de/10013112319
of fibre mean that the technology choices made today will dictate the forms of competition and regulation that develop in … different architectures and wholesale scenarios on investment, cost, profitability, reach, competition, market shares, pricing … and welfare. We have used a steady state cost model that feeds cost functions into a strategic competition model. Figure 1 …
Persistent link: https://www.econbiz.de/10013112320
constraints on the distribution of profits. Using a spatial competition framework, we derive the equilibrium outcomes under both … quality competition with regulated prices and quality price competition. Profit constraints always lead to lower cost …
Persistent link: https://www.econbiz.de/10014185882
. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers …
Persistent link: https://www.econbiz.de/10014185970
competition, akin to the competition in wholesale electricity markets. An acute form of market power may arise if a supplier is …
Persistent link: https://www.econbiz.de/10014186002
I show that copyright law is intimately connected to price discrimination. First, price discrimination is common in markets for copyrighted works. Second, many features of copyright law affect resale or personal arbitrage and so influence the profitability of price discrimination. For example,...
Persistent link: https://www.econbiz.de/10014128662
market power complex because it results in feature competition, and potentially drastic innovation, on one side of a platform … business model, and competition, result in the platform allowing one type of customers to participate in the platform for free … by the participants on the platform as well as have heightened focus on non-price competition when the participation for …
Persistent link: https://www.econbiz.de/10014128700
We study bureaucratic corruption in a model in which a constituency sets required levels for a given set of activities. Activities are carried out by external providers who are supervised by bureaucrats. Bureaucrats can allow providers to deliver lower activity levels than contracted in exchange...
Persistent link: https://www.econbiz.de/10014129367
This paper examines the optimal production decision of the competitive firm under price uncertainty when the firm's preferences exhibit smooth ambiguity aversion. Ambiguity is modeled by a second‐order probability distribution that captures the firm's uncertainty about which of the subjective...
Persistent link: https://www.econbiz.de/10014130527
competition promotes economic efficiency and stimulates economic growth. However, economic thought about this subject differs … consisting of many competitive small firms (as assumed in perfect and pure competition) can retard the economic performance of … many (but not all) industries. The situation is undoubtedly more complex than is recognized in mainstream economic theory …
Persistent link: https://www.econbiz.de/10014131680