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the “tragedy” and the lack of competition which might exist in an integrated market structure. In this paper we analyze … competition, lowers prices and enhances consumer surplus. However, when quality leadership is shared, “disintegrating” firms may …
Persistent link: https://www.econbiz.de/10014201192
Undergraduate economic students usually learn different models of duopoly competition: Cournot, Bertrand, Cournot …
Persistent link: https://www.econbiz.de/10014212660
Liberalization in telecommunications has led to market competition even at local telephony level. This article deals … with a competitor's decision to enter the market, with the later competition in prices, and with the consumers' decision to …
Persistent link: https://www.econbiz.de/10014215079
, a two stage spatial model of Bertrand price competition is specified, with an endogenously determined rule for sharing …
Persistent link: https://www.econbiz.de/10014145136
We investigate the relationship between competition and innovation using a dynamic oligopoly model that endogenizes … both the long-run innovation rate and market structure. We use the model to examine how various determinants of competition …
Persistent link: https://www.econbiz.de/10014042417
This paper extends the traditional Hotelling's model of spatial competition by allowing firms to choose the degree of … price competition. In equilibrium, firms behave as 'specialist' by choosing high transportation cost coefficients. This …
Persistent link: https://www.econbiz.de/10014028051
and introduces competition between sellers whose markets would otherwise be segmented. We show that the comparison between …
Persistent link: https://www.econbiz.de/10013298631
structure. Equilibrium effects cause different determinants of product market competition -- the entry cost and the elasticity … product market competition indeed have sharply contrasting effects on managerial compensation, firm size, and the number of … firms as predicted by the theory …
Persistent link: https://www.econbiz.de/10014353125
We present a general and tractable oligopoly model of multi-sided platforms with endogenous side and platform choices of heterogeneous end-users, considering any mix of single-homing and multi-homing platforms and in which participating on one side could preclude doing so on others. We show the...
Persistent link: https://www.econbiz.de/10014443980
Recent merger decisions by competition authorities have revived the debate on the relationship between competition and … competition assessment of the impact of a merger on dynamic competition, including its effects on innovation …
Persistent link: https://www.econbiz.de/10012932579