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This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the … that these mechanisms generally avoid budget deficits and prevent excessive entry …
Persistent link: https://www.econbiz.de/10014164618
We present a model with firms selling (homogeneous) products in two imperfectly segmented markets (a high-demand and a low-demand market). Buyers are mobile but restricted by transportation costs, so that imperfect arbitrage occurs when prices differ in both markets. We show that equilibria are...
Persistent link: https://www.econbiz.de/10010271113
-researched field in the experimental oligopoly literature. We provide results from an experiment that varies the number of firms as … Nash equilibrium theory. Individual pricing decisions can predominantly be explained by either myopic best responses …
Persistent link: https://www.econbiz.de/10011411148
agreements - lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are …
Persistent link: https://www.econbiz.de/10012547790
orientation. Individuals who are rivalistic in an allocation task indeed bid more aggressively in a laboratory oligopoly market …
Persistent link: https://www.econbiz.de/10009779217
This article presents a new approach to analyze the equilibrium set of symmetric, differentiable games by separating multiple symmetric equilibria and asymmetric equilibria. This separation allows the investigation of, for example, how various parameter constellations affect the scope for...
Persistent link: https://www.econbiz.de/10011744039
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where …
Persistent link: https://www.econbiz.de/10011737230
central feature of the model is that channels are monopolists in selling advertising opportunities toward their exclusive … viewers, but they can only obtain a competitive price for advertising opportunities to multi-homing viewers. Strategic … channel, then firms compete for marginal consumers by reducing the amount of advertising on their channels. In our model …
Persistent link: https://www.econbiz.de/10003412378
In the technology and design industries, one product builds on another: a smart television enhances a smart phone …
Persistent link: https://www.econbiz.de/10012936580
Media industries typically exhibit two fundamental features, high fixed costs and heterogeneity of consumer preferences. Daily newspaper markets, for example, tend to support a single product. In other examples, such as radio broadcasting, markets often support multiple differentiated offerings....
Persistent link: https://www.econbiz.de/10014025252