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This paper examines a homogeneous-good Bertrand-Edgeworth oligopoly model to explore the role of firm size and number … in pricing. We consider the price impact of merger, break up, investment, divestment, entry and exit. A merger leads to … capacity is within an intermediate range. Investment and entry (weakly) reduce prices, whereas divestment and exit yield …
Persistent link: https://www.econbiz.de/10014420154
, while informed consumers know several prices. We study a homogeneous-good oligopoly where sellers of heterogeneous costs …
Persistent link: https://www.econbiz.de/10014255371
This paper analyzes the incidence of ad valorem and unit excise taxes under imperfect competition with differentiated products and price-setting (Bertrand) firms. Both taxes may be overshifted onto consumers, and a higher tax rate can increase short run firm profits (and hence the long run...
Persistent link: https://www.econbiz.de/10014165155
This paper explores the character of long-run equilibrium in an oligopoly model with Cobb-Douglas production and demand … homogeneous in nature. The long run equilibrium explored here does not permit entry or exit, so in that sense it is considered … oligopoly …
Persistent link: https://www.econbiz.de/10014206395
We provide a theoretical framework which addresses exchange rate pass-through within the setting of vertically related markets. In particular, foreign firms' price adjustment in response to an exchange rate shock is evaluated. This framework enables us to study the importance of cost effects of...
Persistent link: https://www.econbiz.de/10014206831
We consider a Cournot oligopoly market of firms possessing increasing returns to scale technologies (which may not be …
Persistent link: https://www.econbiz.de/10014210475
The purpose of this paper is to develop a simple model of oligopoly that can be used to examine the effect on … conditions. The results also show that incumbent profit is less reactive to entry from entrants and incumbents compared to the …
Persistent link: https://www.econbiz.de/10013029954
In this paper, two pairs of complementors have to decide whether to merge and eventually bundle their products. Depending on the degree of competitive pressure in the market, either both pairs decide to merge (with or without bundling), or only one pair merges and bundles, while rivals remain...
Persistent link: https://www.econbiz.de/10013109910
Unionized Oligoplies are market structures with incomplete upstream labour markets interacting with incomplete downstream product markets. In this survey I give and overview of the recent development any main findings of this strand of literature
Persistent link: https://www.econbiz.de/10013142829
We analyze oligopolistic third-degree price discrimination relative to uniform pricing when markets are always covered. Pricing equilibria are critically determined by supply-side features such as the number of firms and their marginal cost differences. It follows that each firm's Lerner index...
Persistent link: https://www.econbiz.de/10013326514