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We consider a contest in which one firm is a favourite as it initially has a cost advantage over rivals. Instead of taking the set of rivals as given, we consider the possibility that the favourite transfers the source of its advantage wholly or partially to a subset of rival firms. The result...
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Competition authorities and regulatory agencies sometimes impose pricing restrictions on firms with substantial market power - the dominant firms. We analyze the welfare effects of a ban on behaviour-based price discrimination in a two-period setting where the market displays a competitive and a...
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Der vorliegende Beitrag wendet die dynamische Wettbewerbstheorie von Wolfgang Kerber und anderen auf aktuelle Fragen … Regulierung systemischer Marktmacht in digitalen Ökosystemen, anlassunabhängige Wettbewerbspolitik und sanktionsbewehrte …This paper applies dynamic competition theory to current topics and controversies in competition policy. In doing so …
Persistent link: https://www.econbiz.de/10014538807
This paper examines the view that the ready-to-eat cereal industry is a classic example of an industry with nearly collusive pricing behavior and intense non-price competition. In particular, I estimate price-cost margins and separate these margins into three sources: (1) that which is due to...
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