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competition problem between online stores and offline stores, by allowing consumers' preferences to be more favorable towards …. By revisiting the competition between "Bricks" and "Clicks", we contribute to the literature with new insights on both … consequences of market competition under different structures …
Persistent link: https://www.econbiz.de/10013244962
We analyze duopoly Bertrand competition under network effects. We consider both incompatible and compatible products …
Persistent link: https://www.econbiz.de/10014217962
of all purchasing costs, than duopoly. This implies that in the process of opening a monopolistic market to competition …
Persistent link: https://www.econbiz.de/10014054902
I analyze the implication of consumers' limited attention to quality differences on market outcomes and welfare. I model this limited attention to quality differences with a perception threshold: Consumers only perceive quality differences between goods that exceed the consumers' perception...
Persistent link: https://www.econbiz.de/10013365182
Consumers heterogeneously possess limited price information: captive consumers may know only one price from a seller, while informed consumers know several prices. We study a homogeneous-good oligopoly where sellers of heterogeneous costs compete on price for heterogeneously limit-informed...
Persistent link: https://www.econbiz.de/10014255371
I present a game-theoretic model where economic competition and attention competition are interdependent. On the one … price competition among all perceived firms. On the other hand attracting attention involves costs which must be covered by … the earnings from competition. It is the task of this paper to clarify the consequences of such an interdependence between …
Persistent link: https://www.econbiz.de/10013111461
firms cannot monitor the competition, having more savvy consumers leads firms to present comparable offers. This results in …
Persistent link: https://www.econbiz.de/10013044590
The paper develops a static model to explore how, under platform competition, heterogeneous levels of switching costs …, to have effective competition, relies on the relative strength of switching costs over the network effects. Only when …, in contrast to the seminal ‘competition bottleneck' model, on the opposite side, where singlehoming arises endogenously …
Persistent link: https://www.econbiz.de/10012845478
We study the incentives of oligoplistic firms to share private information on demand parameters. Differently from previous studies, we consider bilateral sharing agreements, by which firms commit at the ex-ante stage to truthfully share information. We show that if signals are i.i.d., then...
Persistent link: https://www.econbiz.de/10010293393
competition model for a homogeneous good. It is shown that firms can exploit this weakness and charge prices above the competitive …
Persistent link: https://www.econbiz.de/10013156472