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Specialized advertising and price competition in vertically differentiated markets

Esteban, Lola; Hernández, José M. - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 2, pp. 255-282

which incorporates some features of a monopoly, thus changing the pattern of price competition between the firms. In … to a further increase in prices. In addition, more specialized targeting may raise price competition, so firms may find …

Persistent link: https://www.econbiz.de/10010317117

Market structure and market performance in e-commerce

Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2012

instrumenting is particularly important for estimating the effect of competition on the markup of the price leader. …

Persistent link: https://www.econbiz.de/10010291002

Market structure and market performance in e-commerce

Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2012

instrumenting is particularly important for estimating the effect of competition on the markup of the price leader. …

Persistent link: https://www.econbiz.de/10009545821

Strategic targeted advertising

Galeotti, Andrea; Moraga-González, José Luis - 2003

We present a strategic game of pricing and targeted-advertising. Firms cansimultaneously target priceadvertisements to different groups of customers, or to the entiremarket. Pure strategy equilibria do not exist and thus marketsegmentation cannot occur surely. Equilibria exhibit random...

Persistent link: https://www.econbiz.de/10011333902

Market structure and market performance in e-commerce

Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - 2014

competition on the markup of the price leader. One more firm in the market is associated with a reduction of the price leader …'s markup which is equivalent to competition between existing firms for an additional three weeks in the product life cycle. Our … results support search theoretic models and contradict models of monopolistic competition. Moreover our results support the …

Persistent link: https://www.econbiz.de/10010354542

Ordered search in differentiated markets

Zhou, Jidong - 2009 - This Version: August 2009

This note presents an ordered search model in which consumers search both for price and product fitness. We construct an equilibrium in which there is price dispersion and prices rise in the order of search. The top firms in consumer search process, though charge lower prices, earn higher...

Persistent link: https://www.econbiz.de/10011523970

Equilibrium Price Dispersion and Rigidity : A New Monetarist Approach

Head, Allen C. - 2010

Why do some sellers set prices in nominal terms that do not respond to changes in the aggregate price level? In many models, prices are sticky by assumption. Here it is a result. We use search theory, with two consequences: prices are set in dollars since money is the medium of exchange; and...

Persistent link: https://www.econbiz.de/10013136907

Price Recall, Bertrand Paradox and Price Dispersion with Elastic Demand

Carvalho, Miguel - 2009

competition model for a homogeneous good. It is shown that firms can exploit this weakness and charge prices above the competitive …

Persistent link: https://www.econbiz.de/10013156472

Search, Information, and Prices

Bergemann, Dirk - 2020

Consider a market with identical ﬁrms oﬀering a homogeneous good. A consumer obtains price quotes from a subset of ﬁrms and buys from the firm oﬀering the lowest price. The “price count” is the number of ﬁrms from which the consumer obtains a quote. For any given ex ante...

Persistent link: https://www.econbiz.de/10012834255

Search, Information, and Prices

Bergemann, Dirk - 2020

Consider a market with many identical firms offering a homogeneous good. A consumer obtains price quotes from a subset of firms and buys from the firm offering the lowest price. The “price count” is the number of firms from which the consumer obtains a quote. For any given ex ante...

Persistent link: https://www.econbiz.de/10012839158