competition model with entry in which exchanges supply technological services, and have market power. We find that technological … services can be strategic substitutes or complements in platform competition. Free entry of platforms delivers a superior …

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 …

Though it is generally believed that increasing competition improves social welfare, we are able to show with a Shubik …–Levitan demand function for differentiated goods that this is not always the case. Under Cournot and Bertrand competition, market … and the equilibrium cannot achieve even the second‐best social welfare under either type of competition, regardless of …

support. By bundling, the A-monopolist provides previously non-existent competition with the B-monopolist in the latter … barrier because competition reduces profits. Were bundling harmful, the per se proscription against market allocation should …