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In product markets, there exists substantial dispersion in prices for transactions of physically identical goods, and incumbent sellers sell at higher prices than entrants. This study develops a theory of dynamic pricing that explains these facts as results from the same fundamental friction:...
Persistent link: https://www.econbiz.de/10012850789
This paper sheds light on a recent empirical controversy about the effect of competition on price discrimination in … sales that is more skewed towards low prices. We show that whether competition has a positive or a negative effect on the …
Persistent link: https://www.econbiz.de/10011257170
Market delineation is a fundamental tool in modern antitrust analysis. However, the definition of relevant markets can be very difficult in practice. This preliminary draft applies a new methodology combining a simple price correlation test with hierarchical clustering -a method known from...
Persistent link: https://www.econbiz.de/10011929833
This paper studies the links between competition in the lending market and spreads of bank loans in Brazil. Evidence …
Persistent link: https://www.econbiz.de/10012534452
innovation intensity to escape competition. The U-shaped relation is more pronounced in industries where firms compete in …
Persistent link: https://www.econbiz.de/10012890304
The Netherlands Authority for Consumers and Markets (ACM) has concluded that competition in the market for SME loans … running their businesses, it is particularly important that there is sufficient competition in the market. A lack of … competition could lead to higher funding costs for SMEs, worse service from banks, and less innovation.ACM has established that …
Persistent link: https://www.econbiz.de/10013003865
improves consumer information and increases the intensity of price competition …
Persistent link: https://www.econbiz.de/10012707200
posted prices or auctions. I show that when there is competition among sellers, they use only posted prices in the …
Persistent link: https://www.econbiz.de/10013292704
market, to be completed by 2020. The single market will boost the competition in both ASEAN's internal and external markets …
Persistent link: https://www.econbiz.de/10013061529
This paper studies the links between competition in the lending market and spreads of bank loans in Brazil. Evidence …
Persistent link: https://www.econbiz.de/10012256418