Showing 1 - 10 of 64,441
variety interval. Suppose one of the firms offers customization. Consumers familiar with the brand can easily transfer their … needs into appropriate characteristics of this brand. Consumers unfamiliar with the brand have difficulty in expressing …
Persistent link: https://www.econbiz.de/10013008883
-setting game with heterogeneous consumers and two firms that produce different brands. Some consumers prefer one brand, others … prefer the other brand. Consumers derive common value from their preferred brand, but they differ in how strongly they … dislike their less preferred brand. I consider the situation in which one firm can offer consumers the opportunity to pre …
Persistent link: https://www.econbiz.de/10012980316
We analyze how market design influences the bidding behavior in multi-unit procurement auctions where suppliers have uncertain costs and are uncertain about the availability of production units, as in wholesale electricity markets. We find that the competitiveness of market outcomes improves...
Persistent link: https://www.econbiz.de/10013002591
We analyse how the market design influences the bidding behavior in multi-unit auctions, such as wholesale electricity markets. It is shown that competition improves for increased market transparency and we identify circumstances where the auctioneer prefers uniform to discriminatory pricing. We...
Persistent link: https://www.econbiz.de/10012996150
Persistent link: https://www.econbiz.de/10012304078
Persistent link: https://www.econbiz.de/10014473046
We investigate the phenomenon of sourcing co-created products. Specifically, we study how a multi-product downstream firm should source from the upstream market, that is single-source versus multi-source, in a situation where the products are co-created with the suppliers. We conceptualize...
Persistent link: https://www.econbiz.de/10012967495
In this paper, we propose an approach to show how the capability-based perspective of the resource-based view of the firm can be integrated with the comparative-governance approach of transaction cost economics to shed light on governance issues in interfirm relationships. We argue that...
Persistent link: https://www.econbiz.de/10014038893
The aim of this paper is to ascertain whether the existence of competition encourages a firm to proliferate its brand … which only one firm proliferates its brand in duopoly and the incentive is greater than the one in monopoly. The result … implies the possibility that the firm proliferates its brand in duopoly but never does it in monopoly. Also we show that …
Persistent link: https://www.econbiz.de/10012910894
We revisit an endogenous timing game with consumers who are heterogeneous in their willingness to pay (WTP). Previous studies have shown that when firms compete in quantity, a simultaneous moving outcome (leader-leader) must be presented in equilibrium. In contrast to this result, we find that...
Persistent link: https://www.econbiz.de/10012937235