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On Explaining Performance Differentials : Marketing and the Managerial Theory of the Firm

Stoelhorst, J. W.; van Raaij, Erik M. - 2010

Efforts to develop a managerially meaningful alternative to the neoclassical theory of the firm have always been an important part of theory development in marketing. This paper argues that the main explanandum of a managerial theory of the firm is performance differentials between firms....

Persistent link: https://www.econbiz.de/10014031064

Antitrust and Trademark Settlements

Hemphill, C. Scott; Hovenkamp, Erik - 2022

In today’s digital economy, online competitive advertising plays a central role in informing consumers about low prices and other desirable product features. Accordingly, rivals have a strong incentive and opportunity to place anticompetitive limits on the flow of information. They do so by...

Persistent link: https://www.econbiz.de/10013306227

When Demand Projections are Too Optimistic : A Structural Model of Product Line and Pricing Decisions

Musalem, Andres - 2015

A methodology is proposed to estimate structural models of product line competition. This methodology enables researchers to estimate demand systems accounting for the endogeneity of the mix of products available in each market, an issue which is typically ignored in the empirical literature. In...

Persistent link: https://www.econbiz.de/10013028801

What types of switching costs to create under behavior-based price discrimination?

Rhee, Ki-Eun - In: International Journal of Industrial Organization 37 (2014) C, pp. 209-221

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

Market power in oligopoly: The case of the Ukrainian cement industry

Oleksiy, Isayenko; Ivan, Maryanchyk - EERC Research Network, Russia and CIS - 2006

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

Optimal Project Rejection and New Firm Start-Ups

Cassiman, Bruno; Ueda, Masako - C.E.P.R. Discussion Papers - 2002

Entrants are typically found to be more innovative than incumbent firms. Furthermore, these innovative ideas often originate with established firms in the industry. Therefore, the established firm and the start-up firm seem to select different types of projects. We claim that this is the...

Persistent link: https://www.econbiz.de/10005662308

Search and Endogenous Intermediation: A Model of the Merchant Trader

Sengupta, Abhijit; Bose, Gautam - Econometric Society - 2004

search frictions. We consider a homogeneous population where each agent, in every period, has a choice between specializing … partners. They may be found in a decentralized search market, but search takes time. Merchants set up trading posts where they … merchant's trading post must be discovered through search, producers who are informed of the location of a trading post have …

Persistent link: https://www.econbiz.de/10005702580

Dynamic Price Competition with Price Adjustment Costs and Product Differentiation

Vernasca, Gianluigi - 2003

We study a discrete time dynamic game of price competition with spatially differentiated products and price adjustment costs. We characterise the Markov perfect and the open-loop equilibrium of our game. We find that in the steady state Markov perfect equilibrium, given the presence of...

Persistent link: https://www.econbiz.de/10011325148

Markov Perfect Equilibria in Multi-Mode Differential Games with Endogenous Timing of Mode Transitions

Dawid, Herbert; Gezer, Serhat - In: Dynamic Games and Applications 12 (2021) 2, pp. 363-393

We study Markov perfect equilibria (MPE) of two-player multi-mode differential games with controlled state dynamics, where one player controls the transition between modes. Different types of MPE are characterized distinguishing between delay equilibria, inducing for some initial conditions mode...

Persistent link: https://www.econbiz.de/10014501834

Dynamic price competition with price adjustment costs and product differentiation

Vernasca, Gianluigi - 2003

Persistent link: https://www.econbiz.de/10011593786