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Signaling quality through prices in an oligopoly

Janssen, Maarten C. W.; Roy, Santanu - 2007

is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is …

Persistent link: https://www.econbiz.de/10011372971

Directed search and the Bertrand paradox

Geromichalos, Athanasios - 2012

I study a directed search model of oligopolistic competition, extended to incorporate general capacity constraints, congestion effects, and pricing based on ex-post realized demand. I show that as long as any one of these ingredients is present, the Bertrand paradox will fail to hold. Hence, I...

Persistent link: https://www.econbiz.de/10009686600

Signalling rivalry and quality uncertainty in a duopoly

Bester, Helmut; Demuth, Juri - 2013

This paper considers price competition in a duopoly with quality uncertainty. The established firm (the `incumbent') offers a quality that is publicly known; the other firm (the `entrant') offers a new good whose quality is not known by some consumers. The incumbent is fully informed about the...

Persistent link: https://www.econbiz.de/10009781393

Vertical differentiation and collusion : cannibalization or proliferation?

Gabszewicz, Jean Jaskold; Marini, Marco A.; Tarola, Ornella - 2016

In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the …

Persistent link: https://www.econbiz.de/10011451580

Price vs. quantity competition in a vertically related market revisited

Basak, Debasmita; Mukherjee, Arijit - 2016

In a recent paper, Alipranti et al. (2014, Price vs. quantity competition in a vertically related market, Economics Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to Bertrand competition if the upstream firm subsidises...

Persistent link: https://www.econbiz.de/10011569602

Price competition and market concentration : an experimental study

Dufwenberg, Martin; Genîzî, Ûrî - 1998

The classical price competition model (named after Bertrand), prescribes that in equilibrium prices are equal to marginal costs. Moreover, prices do not depend on the number of competitors. Since this outcome is not in line with real-life observations, it is known as the Bertrand Paradox. Many...

Persistent link: https://www.econbiz.de/10011587852

Abbink, Klaus (contributor); Brandts, Jordi (contributor) - 2003 - [Elektronische Ressource], rev

experiments ; industrial organisation ; oligopoly ; price competition ; co-ordination games, learning …

Persistent link: https://www.econbiz.de/10001835606

Price and inventory dynamics in an oligopoly industry : a framework for commodity markets

Steinmetz, Alexander (contributor) - 2010

This paper analyzes the interaction between price and inventory decisions in an oligopoly industry and its implications … endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and … markets and especially observed autocorrelation in price fluctuations. -- Inventory dynamics ; price competition ; oligopoly …

Persistent link: https://www.econbiz.de/10003961661

Price and inventory dynamics in an oligopoly industry : a framework for commodity markets

Steinmetz, Alexander - 2010

This paper analyzes the interaction between price and inventory decisions in an oligopoly industry and its implications … endogenous prices and strategic oligopoly competition. We show that the optimal decision rule is an (S, s) order policy and … markets and especially observed autocorrelation in price fluctuations. -- inventory dynamics ; price competition ; oligopoly …

Persistent link: https://www.econbiz.de/10003965038

A model of vertical oligopolistic competition

Reisinger, Markus; Schnitzer, Monika - 2008

This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...

Persistent link: https://www.econbiz.de/10010365845