Showing 1 - 10 of 30,017
requires a commitment for a period of uncertain duration, restricting the firm in subsequent periods. Capacity constraints … create a “fear of commitment” — some positive return projects are not adopted. In the sequential move dynamic game, the … informed. We study the e§ects of competition on the fear of commitment, and compare the jointly optimal adoption decision to …
Persistent link: https://www.econbiz.de/10011003524
requires a commitment for a period of uncertain duration, restricting the firm in subsequent periods. Capacity constraints … create a “fear of commitment” — some positive return projects are not adopted. In the sequential move dynamic game, the … informed. We study the e§ects of competition on the fear of commitment, and compare the jointly optimal adoption decision to …
Persistent link: https://www.econbiz.de/10011003905
Persistent link: https://www.econbiz.de/10011742198
Persistent link: https://www.econbiz.de/10010415497
Consumers often incur costs when switching from one product to another. Recently there has been renewed debate within the literature about whether these switching costs lead to higher prices. We build a theoretical model of dynamic competition and solve it analytically for a wide range of...
Persistent link: https://www.econbiz.de/10011114071
In this paper we analyse a dynamic model of investment under uncertainty in a duopoly, in which each firm has an option to switch from the present market to a new market. We construct a subgame perfect equilibrium in mixed strategies and show that both preemption and attrition can occur along...
Persistent link: https://www.econbiz.de/10011348268
In this paper we analyse a dynamic model of investment under uncertainty in a duopoly, in which each firm has an option to switch from the present market to a new market. We construct a subgame perfect equilibrium in mixed strategies and show that both preemption and attrition can occur along...
Persistent link: https://www.econbiz.de/10011284232
traditional media. Disaggregated content also increases the relevance of targeting for advertisers. But at the same time, search … effects of search technology and aggregators in digital media markets. A simple model shows how these institutions can alter …
Persistent link: https://www.econbiz.de/10010574535
We study firms' incentives to create switching costs using a four-period model consisting of two consecutive price-competing stages intervened by options to create switching costs early (before price competition) and late (during price competition). Acknowledging that many real/social switching...
Persistent link: https://www.econbiz.de/10011117297
The object under consideration is the Ukrainian cement industry, which has undergone a serious change in many dimensions, including ownership structure and market structure. We analyze the dynamics of the output market structure and test the hypothesis of a possible collusive behavior introduced...
Persistent link: https://www.econbiz.de/10005519026