Showing 251 - 260 of 776,140
The goal of this paper is to reexamine the optimal design and efficiency of loyalty rewards in markets for final consumption goods. While the literature has emphasized the role of loyalty rewards as endogenous switching costs (which distort the efficient allocation of consumers), in this paper l...
Persistent link: https://www.econbiz.de/10010547184
The literature on the effects of market concentration in platform industries or two-sided markets often compares the competitive outcome against a benchmark. This benchmark is either the “joint management” solution in which one decision maker runs all platforms or a “pure” monopoly with...
Persistent link: https://www.econbiz.de/10009372469
pricing, introductory offers, and price wars. Such competition for the market or life-cycle competition can adequately replace … ordinary compatible competition, and can even be fiercer than compatible competition by weakening differentiation. More often …, however, incompatible competition not only involves direct efficiency losses but also softens competition and magnifies …
Persistent link: https://www.econbiz.de/10010605205
A buyer wishes to purchase a good from a seller who chooses a sequence of prices over time. Each period the buyer can also exercise an outside option, abandoning their search or moving on to another seller. We show there is a unique equilibrium in which the seller charges a constant price in...
Persistent link: https://www.econbiz.de/10010815668
controlled by monopolies or cartels, to make the case for competition supervision. Subsequently it argues for a broad approach to … competition supervision - beyond a narrow view of antitrust law. This part discusses monopoly or dominant position and the … paper focuses on the best ways for developing and transition countries to introduce or reinforce comprehensive competition …
Persistent link: https://www.econbiz.de/10012995140
, and indirect network effects, between members of distinct groups. Network effects may simultaneously reduce competition …
Persistent link: https://www.econbiz.de/10012949267
Persistent link: https://www.econbiz.de/10012847398
platforms and policy makers often align. Finally, we extend our model to consider platform competition and show that an …
Persistent link: https://www.econbiz.de/10012849213
We compare four approaches to network neutrality and network management regulation in a two-sided market model: (i) no variations in Quality of Service and no price discrimination; (ii) variations in Quality of Service but no price discrimination; (iii) variations in Quality of Service and price...
Persistent link: https://www.econbiz.de/10014183299
a variety of competing views over the correct approach to competition policy in agriculture markets. These pressures … have the potential to distract antitrust analysis from its core mission: protecting competition and consumer welfare. While … fulfill non-economic objectives; that market concentration is a predictor of market performance; or that competition policy …
Persistent link: https://www.econbiz.de/10014195598