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Acemoglu, Daron - 2006

We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The … demands across the firms. We first establish the existence of pure strategy subgame perfect equilibria (oligopoly equilibria … oligopoly equilibria of this game can be arbitrarily low. However, if the best oligopoly equilibrium is selected (among multiple …

Persistent link: https://www.econbiz.de/10012732430

Switching beers? : the effects of switching costs on prices and profits in competitive markets

He, Xiaoyang; Siebert, Ralph - 2021

We consider a dynamic oligopoly on the beer market and study the differential effects of switching costs on product …

Persistent link: https://www.econbiz.de/10012510220

The collusive efficacy of competition clauses in Bertrand Markets with capacity-constrained retailers

Trost, Michael - 2021

We study the collusive efficacy of competition clauses (CC) such as the meeting competition clause (MCC) and the beating competition clauses (BCC) in a general framework. In contrast to previous theoretical studies, we allow for repeated interaction among the retailers and heterogeneity in their...

Persistent link: https://www.econbiz.de/10012546930

Price Competition in a Mixed Oligopoly Market

Mahanta, Amarjyoti - 2016

Several studies on mixed oligopoly indicate that the ownership pattern of firms does not affect the equilibrium price …

Persistent link: https://www.econbiz.de/10012990802

Trade liberalisation and union wages in a differentiated Bertrand duopoly

Gürtzgen, Nicole - 2001

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

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

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

The Bertrand Paradox, the Useless Auctioneer and the Launhardt Model

Lambertini, Luca; Mosca, Manuela - 2015

We revisit the Cournot–Bertrand debate in the light of Cournot, Edgeworth and Launhardt, tracing back to Launhardt the origin of price competition in duopoly models with constant returns to scale. Then, we discuss the formalisation of consumer utility function for differentiated products,...

Persistent link: https://www.econbiz.de/10014136804

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

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