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This study develops a theoretical a model to examine the impact of predation on aggregate output and aggregate … consumption. Using game theoretic framework we show that predation, reduces aggregate output and per capita consumption. Predation … occurs when some agents enjoy comparative advantage in predation. Given predation under comparative advantage of some agents …
Persistent link: https://www.econbiz.de/10011167013
vertically integrated firms. We review both predation and foreclosure theories, as well as the mere exploitation of upstream … under tight wholesale regulation should be evaluated under the predation paradigm, with an adequate test that we …
Persistent link: https://www.econbiz.de/10011083910
-cost pricing on one market side can allow an incumbent firm to exclude a more efficient rival which does not have a customer base …
Persistent link: https://www.econbiz.de/10011084167
In an oligopoly configuration characterized by high barriers to (re-)entry, a finite horizon, perfect information about demand and costs and the presence of three identical firms, we show that two of them (the predators) can choose to charge an initial price that is so low that the third (the...
Persistent link: https://www.econbiz.de/10011092518
Since the 1970s, corporate governance in the United States has become increasingly beholden to Wall Street. This trend is so prominent that the resulting formation is increasingly known as <i>money manager capitalism.</i> This article explores some of the reasons behind this change, and its...
Persistent link: https://www.econbiz.de/10011094351
predation. Recognizing that marginal cost data were typically unavailable, the authors concluded that a price below average … predation. We first show that in two-sided markets price cost margins on the two-sides of the market are interrelated and that a … cannot be considered a sign of predation in such<br/>markets. This is in contrast to a recent decision of the Commercial …
Persistent link: https://www.econbiz.de/10011144441
Predation attracts a relatively high portion of labor in developing countries and obstructs development. Agriculture … predation or to producing agricultural and manufactured goods with the following features: a subsistence level of agricultural … discourages predation and fosters production. This mechanism involves an amplification effect of the differences in productivity …
Persistent link: https://www.econbiz.de/10011108517
In the paper, the fundamental question is under what conditions loyalty discounts and rebates adopted by a dominant firm cause anti-competitive effects. Fidelity schemes, although extremely frequent in the market, if applied by a dominant firm, are likely to be judged as illegal per se, as...
Persistent link: https://www.econbiz.de/10011109240
interesting results, such as liquidation sales, predation and boom and bust cycles. …
Persistent link: https://www.econbiz.de/10011109583
predation: they hold off purchasing and strategically slow down the speed of trade, which in turn causes more sellers to become … literature, does a poor job within the context of fire sales and predation. …
Persistent link: https://www.econbiz.de/10009647382