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We revisit the relationships between competition and market outcomes in a Stackelberg oligopoly. Consider a … TV industry, despite being faced with severe competition from foreign entrants. We also show that the effects of … competition on producer surplus, consumer surplus, and social welfare are ambiguous …
Persistent link: https://www.econbiz.de/10012980737
We examine the interrelation between interconnection and competition in the Internet backbone market. Networks that are … interconnection regime, peering, softens competition as compared to indirect interconnection since asymmetries become less influential …
Persistent link: https://www.econbiz.de/10014218195
This article extends antitrust analysis to two-sided markets in which a virtual monopolist competes with local bricks-and-mortar dealers. The discussion examines the market power of an Internet market maker as well as an Internet matchmaker. The analysis shows that equilibrium in a two-sided...
Persistent link: https://www.econbiz.de/10014048358
business model, and competition, result in the platform allowing one type of customers to participate in the platform for free … by the participants on the platform as well as have heightened focus on non-price competition when the participation for … concern a free platform side where there is no monetary measure of value. Finally, dynamic competition makes the analysis of …
Persistent link: https://www.econbiz.de/10014128700
We examine the interrelation between interconnection and competition in the Internet backbone market. Networks that are … interconnection regime, peering, softens competition as compared to indirect interconnection since asymmetries become less influential …
Persistent link: https://www.econbiz.de/10014028945
Markets with imperfect competition do not induce a cost-minimizing allocation of production between firms. The market …
Persistent link: https://www.econbiz.de/10005670124
The paper examines some issues linked to the integration of market power in general equilibrium. The first part reviews the different existing approaches: subjective and objective, in terms of quantities and in terms of prices. The second part presents a semi-competitive model, based on a sector...
Persistent link: https://www.econbiz.de/10005779667
We propose an Equilibrium concept, called Undercut-Proof equilibrium, for price competition between firms producing …
Persistent link: https://www.econbiz.de/10005647222
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/10011911873
Traditional theories of airline pricing maintain that fares monotonically increase as fewer seats remain available on a flight. A fortiori, this implies a monotonically increasing temporal profile of fares. In this paper, we exploit the presence of drops in offered fares over time as an...
Persistent link: https://www.econbiz.de/10009364170