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We consider a dynamic platform competition in a market with network externalities. The incumbent platform enjoys a …
Persistent link: https://www.econbiz.de/10013291496
We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We develop a theoretical model and show that average price is a U-shaped function of the measure of searchers: prices are highest when there are no searchers (local monopoly power)...
Persistent link: https://www.econbiz.de/10012007152
We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. From 2004 onward, the reform allowed pharmacists to expand their single-store firms and to open or acquire up to three affiliated stores. This partial deregulation of multi-store prohibition...
Persistent link: https://www.econbiz.de/10012533722
. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers …
Persistent link: https://www.econbiz.de/10014185970
Discussions of competition in restructured electricity markets have revealed many misunderstandings about the …
Persistent link: https://www.econbiz.de/10014029525
We examine a deregulation of German pharmacists to assess its effects on retail and labor markets. Our theoretical model suggests that firms with high managerial efficiency open more stores per firm and have higher labor demand due to the reform. We find a sharp persistent increase in entry...
Persistent link: https://www.econbiz.de/10013337733
unilateral conduct). The trade-off between competition and market integration concerns does not exist. The more firms are left … free to negotiate their contracts, the more competition is increased and the more convergent the internal market becomes …
Persistent link: https://www.econbiz.de/10013055413
finding of a significant impediment to effective competition in terms of Article 2 of the EU Merger Regulation (EUMR). Rather … of any theory of harm …
Persistent link: https://www.econbiz.de/10013020744
competition" do not argue against antitrust enforcement. While the prospect of achieving monopoly may foster innovation, that … observation misleads as to appropriate antitrust policy unless qualified by the observation that the push of competition generally …
Persistent link: https://www.econbiz.de/10014213843
This paper discusses the concept of potential competition as an important pro-competitive factor. While potential … competition is inevitably subject to significant uncertainty, where it does exist, the paper suggests treating potential … competition with a parity of esteem with respect to actual competition. The paper considers the benefits of extending the …
Persistent link: https://www.econbiz.de/10013227299