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Oligopoly in Advertiser-Supported Media
Masson, Robert T.; Mudambi, Ram; Reynolds, Robert J. - 2014
In this article advertiser supported media, such as television, are analyzed as an industry selling audiences to advertisers. A simple stylized model is used to demonstrate that increased competition leads to less of a price decline (in extreme cases, maybe even a price increase) than would be...
Persistent link: https://www.econbiz.de/10014028749
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The Origin of the Sylos Postulate : Modigliani's and Sylos Labini's Contributions to Oligopoly Theory
Rancan, Antonella - 2013
Paolo Sylos Labini's Oligopoly Theory and Technical Progress (1957) is considered one of the major contributions to …'s differing approaches, derives the origin of the Sylos postulate and sets Modigliani's interpretation of Sylos' oligopoly theory … Sylos' objective analysis to a subjective approach to oligopoly problem. This paper discusses Sylos' and Modigliani …
Persistent link: https://www.econbiz.de/10013088826
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The origin of the Sylos postulate : Modigliani's and Sylos Labini's contributions to oligopoly theory
Rancan, Antonella - 2013
Paolo Sylos Labini's Oligopoly Theory and Technical Progress (1957) is considered one of the major contributions to …'s differing approaches, derives the origin of the Sylos postulate and sets Modigliani's interpretation of Sylos' oligopoly theory … Sylos' objective analysis to a subjective approach to oligopoly problem. This paper discusses Sylos' and Modigliani …
Persistent link: https://www.econbiz.de/10011707990
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Monopsony Theory Revisited
Méra, Xavier - 2017
Standard monopsony theory, old and new, lacks a realistic criterion to distinguish between monopsony and competitive … the elasticity of the demand schedules for their products, can be altered as a result of coercion, lead to a theory of …
Persistent link: https://www.econbiz.de/10012956999
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A Note on the Limits to Monopoly Pricing
Méra, Xavier - 2015
Ludwig von Mises and Murray Rothbard tended to emphasize the same requirement for a monopoly price to emerge, as far as the demand schedule for the monopolized good is concerned, in the long run and in the immediate run. This is problematic because, as this paper explains, their criterion of a...
Persistent link: https://www.econbiz.de/10013018419
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Oligopolistic competition in price and quality
Dubovik, Andrei; Janssen, Maarten C. W. - 2008
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10011376636
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Price and non-price competition in oligopoly : an analysis of relative payoff maximizers
Moghadam, Hamed M. - 2015
simple model of symmetric oligopoly where firms select a two dimensional strategy set of price and a non-price variable known … einfaches, symmetrisches Oligopol-Modell beleuchten, wo Firmen gleichzeitig eine zwei-dimensionale Strategie wählen, bestehend …
Persistent link: https://www.econbiz.de/10011337030
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Number of firms, rationing, matching, and knowledge : a comprehensive study of variations in experimental Kreps-Scheinkman markets
Jacobs, Martin - 2016
This study provides a comprehensive picture of experimental Kreps-Scheinkman markets with capacity choice in the first stage and subsequent price competition at the second. We conduct seven different treatments of such markets, varying the number of firms, the demand rationing scheme, the...
Persistent link: https://www.econbiz.de/10011411149
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Demand rationing in Bertrand-Edgeworth markets with fixed capacities : an experiment
Jacobs, Martin; Requate, Tilman - 2016
This study is the first to investigate the effect of demand rationing in experimental Bertrand-Edgeworth markets with fixed exogenous capacities. It is found that prices and profits are significantly higher under proportional than under efficient demand rationing. Moreover, the amount of...
Persistent link: https://www.econbiz.de/10011411150
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Information sharing in oligopoly : sharing groups and core-periphery architectures
Currarini, Sergio; Feri, Francesco - In: Games 12 (2021) 4, pp. 1-17
The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...
Persistent link: https://www.econbiz.de/10013171765