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We extend the models in ("Competition in two-sided markets" of Armstrong (2006, Rand Journal of Economics) by adding within-group externalities. In the monopoly and duopoly cases, positive within-group externalities reduce the price of the own group. Negative externalities have an opposite price...
Persistent link: https://www.econbiz.de/10011403539
One of the goals of the European Commission in the energy sector is creating a single competitive European market. The … attention to oil-linked pricing in long-term contracts and the consequences of market liberalisation/unbundling. We provide the … that next to basic conditions on the European gas market (import dependency on external gas producers) individual legal and …
Persistent link: https://www.econbiz.de/10010322159
In this document we analyze the evidence of daily seasonality found in the weekly price variations of food, beverages, and tobacco in the Metropolitan Area of Mexico City. Our research is based on the daily price quotes of 2,724 goods, collected by Banco de México for the Consumer Price Index...
Persistent link: https://www.econbiz.de/10010322604
We consider a decision maker who enjoys choosing from a varied set of alternatives. Building on behavioral evidence, we propose testable axioms which characterize preference for variety, and provide a representation theorem. We go on to illustrate the potential effects of preference for variety...
Persistent link: https://www.econbiz.de/10010322612
. The reverse side is probably that carriers enjoy significant market power at their home base, often labeled the home …
Persistent link: https://www.econbiz.de/10010325384
In its landmark ruling in Illinois Brick Co. v. Illinois in 1977, the U.S. Supreme Court restricted standing to sue for recovery of antitrust damages to direct purchasers. However, antitrust damages are typically (in part) passed on to intermediaries lower in the chain of production and...
Persistent link: https://www.econbiz.de/10010325452
This paper studies an intermediated market operated by middlemen with high inventory holdings. I present a directed … larger discount, by large-scaled intermediaries. The concentration of middlemen's market, i.e., few middlemen, each with …
Persistent link: https://www.econbiz.de/10010326192
-service pricing behaviour in the passenger aviation market. Consumer heterogeneity is assumed on both a horizontal and a vertical … dimension, while various distinct market structures, some of which include low-cost carriers (LCCs), are considered. In the …
Persistent link: https://www.econbiz.de/10010326268
Religious Market Theory assigns basic market principles to the market for religion. The derived supply side model … proposes that religiosity is higher on a competitive market, characterized by high religious diversity. Churches will provide … describes the market for religion after Secularization has occurred. …
Persistent link: https://www.econbiz.de/10010327748
the underlying shocks from the NordPool market, for each of the 24 hours, through a very flexible and general family of …
Persistent link: https://www.econbiz.de/10010328400