Showing 11 - 20 of 638,649
This paper considers a market in which only the incumbent's quality is publicly known. The entrant's quality is observed by the incumbent and some fraction of informed consumers. This leads to price signalling rivalry between the duopolists, because the incumbent gains and the entrant loses when...
Persistent link: https://www.econbiz.de/10009404774
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
We examine the price decisions in a vertically differentiated duopoly where the decision to buy a good depends not only …
Persistent link: https://www.econbiz.de/10013099145
We consider the issue of first versus second-mover advantage in differentiated-product Bertrand duopoly with general …
Persistent link: https://www.econbiz.de/10012730634
Persistent link: https://www.econbiz.de/10012954856
both prices and quantities (capacity levels) within a simple duopoly market setting where products are asymmetrically …, may not fully cover market demand for an incumbent duopoly …
Persistent link: https://www.econbiz.de/10012896357
This paper applies Hotelling's model to correct the Bertrand and Cournot duopoly theories. It improves Bertrand …'s result by showing that duopoly competition never drives price to zero, and enlarges Cournot's result by showing that two … duopolists capture the whole market. Finally, this paper proves that duopoly price and quantity competition are equivalent …
Persistent link: https://www.econbiz.de/10012975967
We study a common agency model with informed principals consisting of two capacity-constrained suppliers and a single retailer. The capacity of each supplier is her private information. Conditioned on their capacities, the suppliers simultaneously and non-cooperatively offer quantity-price...
Persistent link: https://www.econbiz.de/10013025339
We consider two versions of a Bertrand duopoly with asymmetric costs and homogeneous goods. They differ in whether …
Persistent link: https://www.econbiz.de/10012925628
Since Kreps and Scheinkman's seminal article (1983) a large number of papers have analyzed capacity constraints' potential to relax price competition. However, the ensuing literature has assumed that products are either perfect or very close substitutes. Therefore none of the papers has...
Persistent link: https://www.econbiz.de/10010187650