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. High access charges may make the firms collude on high prices. Moreover, when allowing for entry, we show that incumbents …
Persistent link: https://www.econbiz.de/10008919566
We consider entry of additional firms into the market for a single commodity in which both sellers and buyers are … competition, contrary to the conventional wisdom. We characterize the conditions under which entry by new sellers may raise the …
Persistent link: https://www.econbiz.de/10008606480
Standard media economics models imply that increased platform competition decreases ad levels and that mergers reduce per-viewer ad prices. The empirical evidence, however, is mixed. We attribute the theoretical predictions to the combined assumptions that there is no advertising congestion and...
Persistent link: https://www.econbiz.de/10011051637
more profits with his platform. Second, the competitor's entry serves as a credible commitment to lower prices for …
Persistent link: https://www.econbiz.de/10005515666
We consider a software vendor first selling a monopoly platform and then an application running on this platform. He may face competition by an entrant in the applications market. The platform monopolist can benefit from competition for three reasons. First, his profits from the platform...
Persistent link: https://www.econbiz.de/10005515713
welfare effects of entry into residential local telephone service in New York State using household-level data from September …
Persistent link: https://www.econbiz.de/10005622691
In this paper, we evaluate the consumer welfare effects of entry into residential local phone service in New York State … first quarter of 2003. Our results indicate that as a result of entry households that subscribe to one of the entrants … nature of the data, we decompose the households' overall gains from entry and find that benefits due to firm differentiation …
Persistent link: https://www.econbiz.de/10005622703
In a two period strategic model of entry deterrence (a la Dixit, 1980) where the incumbent firm moves before the …
Persistent link: https://www.econbiz.de/10005225479
, including the relationship between the Herfindahl index and social welfare, free versus socially optimal entry, concentration …
Persistent link: https://www.econbiz.de/10005232965
, predatory, and entry deterring behaviour. Ascending and uniform-price auctions are particularly vulnerable to these problems (we …
Persistent link: https://www.econbiz.de/10005114514