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Tacit collusion of conglomerate firms through price signaling under multimarket contact

Horstmann, Niklas - 2016

We suggest a price signaling strategy that offers a microfoundation for the process leading to tacit collusion under multimarket contact, even in cases where previous theoretical explanations fail. It rests on the assumptions that firms can communicate collusive intentions solely through their...

Persistent link: https://www.econbiz.de/10013006153

Third-Degree Price Discrimination in Oligopoly : All-Out Competition and Strategic Commitment

Corts, Kenneth S. - 1998

Price discrimination by imperfectly competitive firms may intensify competition, leading to lower prices for all consumers; the trade-off of consumer groups' welfare that is characteristic of monopolistic discrimination need not arise. This escalation of competition may make firms worse off, and...

Persistent link: https://www.econbiz.de/10014048041

TV Advertising, Program Quality, and Product-Market Oligopoly

Nilssen, Tore; Sorgard, Lars - 2009

We present a model of the TV-advertising market that encompasses both the product markets and the market for TV programs. We argue that the TV industry has several idiosyncratic characteristics that need to be modeled, and show that the strategic interaction in this industry differs from other...

Persistent link: https://www.econbiz.de/10014029543

Upward Pricing Pressure in Oligopoly With Competitive Fringe

Shinkoda, Marcelo Henrique; da Costa Silva, Maria Micheliana - 2022

Farrell and Shapiro (F&S, 2010) proposed an Upward Pricing Pressure (UPP) approach to merger screening between two symmetrical firms. According to them, this UPP approach is more practical than concentration-based methods. However, the UPP fails because it does not incorporate all the...

Persistent link: https://www.econbiz.de/10014091947

Reducing Rivals Prices : Government-Supported Mavericks as New Solutions for Oligopoly Pricing

Gal, Michal - 2010

oligopoly pricing (conscious parallelism). Only few suggestions have been made over the years to regulate oligopoly pricing. All … suggestions pose serious obstacles to their efficient application. Accordingly, oligopoly pricing is not regulated. It is left to … proposes a novel method for regulating oligopoly pricing by way of introducing a government-supported maverick into an …

Persistent link: https://www.econbiz.de/10014167470

Competition and Collusion with Fixed Output

Zenger, Hans - 2013

In many industries, output is fixed by exogenous constraints, so firms compete by allocating a given stock of supplies between different markets. This paper shows that collusion in such industries leads firms to shift output from high-margin markets to low-margin markets. As a result, welfare is...

Persistent link: https://www.econbiz.de/10013083114

Trade liberalisation and union wages in a differentiated Bertrand duopoly

Gürtzgen, Nicole - 2001

Persistent link: https://www.econbiz.de/10013420283

Trade liberalisation and union wages in a differentiated Bertrand duopoly

Gürtzgen, Nicole - 2001

In a framework of a unionised international Bertrand duopoly with differentiated products, this paper analyses national labour market interdependencies and the consequences of trade liberalisation for union wages. The analysis suggests that national wages are likely to be strategic complements...

Persistent link: https://www.econbiz.de/10011540620

Advertising competition in the free-to-air TV broadcasting industry

Ivaldi, Marc; Zhang, Jiekai - 2017

oligopoly competition and identify the shape and magnitude of the feedback loop between TV viewers and advertisers. We also …

Persistent link: https://www.econbiz.de/10011646956

Dynamic Price Competition : Theory and Evidence from Airline Markets

Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022

We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish …

Persistent link: https://www.econbiz.de/10013362001