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Estimating Discrete Games with Many Firms and Many Decisions : An Application to Merger and Product Variety

Fan, Ying; Yang, Chenyu - National Bureau of Economic Research - 2022

method to study merger effects on firm entry and product variety in the retail craft beer market in California. We simulate … an acquisition of multiple craft breweries by a large brewery and find that the acquisition would induce firm entry and … product entry by non-merging firms. However, these changes are insufficient to offset the negative welfare effects resulting …

Persistent link: https://www.econbiz.de/10013334365

Media market concentration, advertising levels, and ad prices

Anderson, Simon P.; Foros, Oystein; Kind, Hans Jarle; … - 2011

; advertising clutter ; information congestion ; mergers, entry …Standard media economics models imply that increased platform competition decreases ad levels and that mergers reduce … assumptions that there is no advertising congestion and that viewers single-home. Allowing for crowding in viewer attention spans …

Persistent link: https://www.econbiz.de/10009388315

Stars in Social Media : New Light Through Old Windows?

Gaenssle, Sophia - 2019

We review the economics of superstars, originally developed for stars in traditional media, and discuss whether they are applicable for the (allegedly) novel phenomenon of stars in social media (influencer, micro-celebrities). Moreover, we analyse potentially new factors for creating social...

Persistent link: https://www.econbiz.de/10012888755

Oligopolistic competition in price and quality

Dubovik, Andrei; Janssen, Maarten C. W. - 2008

We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...

Persistent link: https://www.econbiz.de/10011376636

Price and non-price competition in oligopoly : an analysis of relative payoff maximizers

Moghadam, Hamed M. - 2015

simple model of symmetric oligopoly where firms select a two dimensional strategy set of price and a non-price variable known … einfaches, symmetrisches Oligopol-Modell beleuchten, wo Firmen gleichzeitig eine zwei-dimensionale Strategie wählen, bestehend …

Persistent link: https://www.econbiz.de/10011337030

Number of firms, rationing, matching, and knowledge : a comprehensive study of variations in experimental Kreps-Scheinkman markets

Jacobs, Martin - 2016

This study provides a comprehensive picture of experimental Kreps-Scheinkman markets with capacity choice in the first stage and subsequent price competition at the second. We conduct seven different treatments of such markets, varying the number of firms, the demand rationing scheme, the...

Persistent link: https://www.econbiz.de/10011411149

Demand rationing in Bertrand-Edgeworth markets with fixed capacities : an experiment

Jacobs, Martin; Requate, Tilman - 2016

This study is the first to investigate the effect of demand rationing in experimental Bertrand-Edgeworth markets with fixed exogenous capacities. It is found that prices and profits are significantly higher under proportional than under efficient demand rationing. Moreover, the amount of...

Persistent link: https://www.econbiz.de/10011411150

Information sharing in oligopoly : sharing groups and core-periphery architectures

Currarini, Sergio; Feri, Francesco - In: Games 12 (2021) 4, pp. 1-17

The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...

Persistent link: https://www.econbiz.de/10013171765

Strategic data sales to competing firms

Delbono, Flavio; Reggiani, Carlo; Sandrini, Luca - 2021

The unprecedented access of firms to consumer level data facilitates more precisely targeted individual pricing. We study the incentives of a data broker to sell data about a segment of the market to three competing firms. The segment only includes a share of the consumers in the market around...

Persistent link: https://www.econbiz.de/10012695129

Bertrand versus Cournot with convex variable costs

Delbono, Flavio; Lambertini, Luca - 2015

Within a simple model of homogeneous oligopoly, we show that the traditional ranking between Bertrand and Cournot …

Persistent link: https://www.econbiz.de/10011715895