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Regulate us, please! : on strategic lobbying in Cournot-Nash oligopoly

Michaelis, Peter - 1994

Persistent link: https://www.econbiz.de/10013261269

Coalition-Proof Supply Function Equilibria in Oligopoly

Delgado, Juan - 2015

In an industry where firms compete via supply functions, the set of equilibrium outcomes is large. If decreasing supply functions are ruled out, this set is reduced significantly, but remains large. Specifically, the set of prices that can be sustained by supply function equilibria is the...

Persistent link: https://www.econbiz.de/10013031737

Coalition-Proof Supply Function Equilibria Under Capacity Constraints

Delgado, Juan - 2015

Whereas in the absence of capacity constraints the Cournot outcome is the unique coalition-proof supply function equilibrium outcome, the presence of capacity constraints may enlarge the set of equilibrium outcomes. Interestingly, if capacities are sufficiently asymmetric the new equilibrium...

Persistent link: https://www.econbiz.de/10013031738

A General Theory of Endogenous Market Structures

Bertoletti, Paolo - 2015

We provide a unified approach to imperfect (monopolistic, Bertrand and Cournot) competition equilibria with demand functions derived from symmetric preferences over a large but finite number of goods. The equilibrium markups depend on the Morishima Elasticity of Substitution/Complementarity...

Persistent link: https://www.econbiz.de/10013033104

Mergers after Cartels : How Markets React to Cartel Breakdown

Davies, S. W. - 2015

This paper examines whether cartel breakdown provokes a period of intensive merger activity amongst the former cartelists, designed to re-establish tacit collusion. Using a novel application of recurrent event survival analysis for a pooled sample of 84 European cartels, it finds that mergers...

Persistent link: https://www.econbiz.de/10013034353

Quantity Competition in the Presence of Strategic Consumers

Bazhanov, Andrei V. - 2015

Oligopolistic retailers decide on the initial inventories of an undifferentiated limited-lifetime product offered to strategic consumers. A manufacturer sets the first-period (full) price, while the second-period (clearance) price is determined by a market clearing process. The resulting...

Persistent link: https://www.econbiz.de/10013034504

Feedback Equilibria in a Dynamic Renewable Resource Oligopoly : Pre-Emption, Voracity and Exhaustion

Lambertini, Luca - 2015

We extend Fujiwara's (2008) model to describe a differential oligopoly game of resource extraction under static, linear … and static oligopoly equilibrium outputs for any number of firms. Additionally, we show that (i) feedback rules entail …

Persistent link: https://www.econbiz.de/10013034894

Input Price and Industry Concentration in a Cournot Oligopoly

Pillai, Unni - 2015

The impact of input price changes on industry concentration in a Cournot oligopoly depends on the type of firm …

Persistent link: https://www.econbiz.de/10013035595

Price and Variety in Supermarkets : Can Store Competition Hurt Consumers?

Trindade, Andre - 2015

Looking at a large number of markets, I find that (i) prices and variety are higher when there are two competing supermarkets than in those with a single store and (ii) the two effects are positively correlated. This pattern persists after controlling for differences across markets in a variety...

Persistent link: https://www.econbiz.de/10013037834

Market Structure and Monetary Non-neutrality

Mongey, Simon - 2021

competitive sectors—separately parameterized to match the same microdata on price flexibility—the oligopoly economy features a … parameters, output responses are five times larger. An oligopoly economy also (i) requires smaller menu costs and idiosyncratic … rationale for positive menu costs: in an oligopoly firms prefer a degree of rigidity to complete flexibility. Quantitatively …

Persistent link: https://www.econbiz.de/10013212404