This study is the first to investigate the effect of demand rationing in experimental Bertrand-Edgeworth markets with … efficient demand rationing. Moreover, the amount of capacity available to each firm is varied. In accordance with earlier …

subject to independent, stochastic fluctuations in demands. The literature points out that while the demand fluctuations …

of demand schedules, I allow for a fully flexible nesting structure (i.e., firms can offer products in multiple nests and …

In the presence of demand uncertainty, a priori identical firms may voluntarily choose asynchronous timing of entries … each period. The state of demand is ex ante uncertain, and becomes observable a period after at least one firm's entry. …

This paper analyzes dynamic cartel formation and antitrust enforcement when firms operate in demand-related markets. We … enforcement. -- cartel formation ; demand linkage ; antitrust enforcement …

We analyze the effect of price caps on equilibrium production and welfare in oligopoly under demand uncertainty. We … price cap and show that typically, the optimal price cap is bounded away from marginal cost. -- Demand uncertainty, Cournot …

; second, they are endogenous to preferences. Both factors lead to biased estimates in a static demand framework that takes …

locally only. In this study we analyze how market structure, geographical attributes and in particular, demand will influence … purely region/local market specific attributes. Second, we extend the estimation of the demand side and partly use it as … instruments. Local GDP and population density are two common proxies for demand. We extend the analysis from households to contain …

shape competition by investing into production capacity while being subject to unexpected demand shocks with persistence …. The model shows that a negative demand shock can facilitate cartel formation despite lowering collusive profits. This is … because lower demand reduces capacity utilization and makes competition more intense especially when capacities are durable …

of demand composition and demand size with limited information on costs. We show how pharmacists in Italy selectively …