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Brands and brand management have become a central feature of the modern economy and a staple of business theory and business practice. Contrary to the law’s conception of trademarks, brands are used to indicate far more than source and/or quality. This volume begins the process of broadening...
Persistent link: https://www.econbiz.de/10014036250
This essay summarizes our work on brands and competition. Brands and brand management have become a central feature of the modern economy and a staple of business theory and business practice. Brands also have important effects on competition and the marketplace; yet the two key areas of law...
Persistent link: https://www.econbiz.de/10014036672
We consider mergers between multi-product firms in a market with monopolistically competitive fringe of single-product firms. Aggregate product variety is determined by product variety choices of multi-product firms and entry/exit decisions of single-product firms. Mergers can generate marginal...
Persistent link: https://www.econbiz.de/10013294983
The unprecedented access of firms to consumer level data facilitates more precisely targeted individual pricing. We study the incentives of a data broker to sell data about a segment of the market to three competing firms. The segment only includes a share of the consumers in the market around...
Persistent link: https://www.econbiz.de/10013295456
manufacturers determined via the "Nash-in-Nash" bargaining solution, the computation of the out-of-equilibrium retail prices … following a bargaining breakdown, the algorithm used to simulate counterfactuals in our bilateral oligopoly model, the … analytical derivatives of standard errors of the Nash bargaining weights …
Persistent link: https://www.econbiz.de/10014350156
’s conduct results from Nash bargaining (NB) among shareholders and firms play a Nash equilibrium in Nash bargains. NB …
Persistent link: https://www.econbiz.de/10014354145
Trademark law’s current conception of information and how trademarks enable information transmission is underdeveloped. It has led to a world where trademark law hinders rather than “fosters the flow of information in markets.” Instead of promoting information exchange across and within...
Persistent link: https://www.econbiz.de/10014166239
Consider a market with switching costs that is initially served by a monopolistic incumbent. How can a competitor successfully enter this market? We show that an offer to undercut the incumbent by a fixed margin serves this purpose. This strategy dominates traditional entry where the entrant...
Persistent link: https://www.econbiz.de/10008462119
Este trabajo cumple con dos objetivos principales. En primer lugar, se estima la función de costos de las administradoras de fondos de pensiones en Chile usando datos de panel desde 2000 a 2007. Se encuentran importantes economías de escala en la provisión de los servicios financieros,...
Persistent link: https://www.econbiz.de/10008465966
We discuss the implications of a Stackelberg sequence of play between a cartel and the fringe. We consider two different approaches to collusion: (i) one-stage static model and (ii) a multi-period oligopoly model. Our main result is that in the static model with quantity-setting firms a stable...
Persistent link: https://www.econbiz.de/10008564421