The monopolistic competition model is suitable for markets with a large group of relatively small firms. However, it … large number of products. Such a market structure would require a full-fledged oligopolistic competition model, which is the … utility function. In contrast to other oligopolistic competition models with multiproduct firms, the model in this paper has …

to operate de facto hotels while being subject to much laxer regulation. Understanding the nature of competition between … platform regulation. In this paper, we analyze competition between hotels and Airbnb listings as well as the effect of Airbnb … within the city. We extend prior research by accounting for the localized nature of competition within districts of the city …

Strategic trade theory has been criticized on the grounds that its predictions are overly sensitive to modeling … the firms compete by setting prices. Applying recent results in duopoly theory, this paper considers three-stage games in …

competition on the information content of ratings …

impact of competition on the information content of ratings …

the rival, making them unable to distinguish between competition and independence. We characterize the equilibrium pricing … strategies when neither seller has information (competition between third-party sellers), and when only one firm has information …

We develop a tractable general equilibrium model of oligopolistic competition that allows for endogenous product … differentiation and exhibits various forms of competition, ranging from perfect to monopolistic competition, simultaneously. Our … assumed in the literature (Metlitz, 2003). As a result, most firms in our model prefer to engage in face-to-face competition …

and development. It presents a new framework incorporating the selection effect of product market competition, the …

The nature, and normative properties, of competition in health care markets has long been the subject of much debate …. In particular, policymakers have exhibited a great deal of reservation toward competition in health care markets, as … care markets, concern about reduced competition has arisen. This concern, however, cannot be properly evaluated without a …