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those of manufacturers, what is the effect on competition? Further, how does this effect hinge on market power? In this …
Persistent link: https://www.econbiz.de/10014089752
This online appendix to "Insulated Platform Competition" includes proofs and details of our applications.The paper to …
Persistent link: https://www.econbiz.de/10013004812
anticompetitive effects. Most importantly, antitrust analysis should focus on competition for seeking and providing attention rather … than the particular products and services used for securing and delivering this attention. The existence of competition …
Persistent link: https://www.econbiz.de/10014162245
offers especially when many consumers prefer comparable offers. This occurs after initial periods with strong competition and … leads to lower welfare for all consumers. In treatments where firms cannot monitor the competition, firms end up having to …
Persistent link: https://www.econbiz.de/10010433911
The paper presents a model of a payment card association which provides payment cards as well as ATM services. Consumers are able to substitute cards by cash and regard cash as an inferior substitute for a debit card. I analyze the role of some widely accepted interchange agreements, such as the...
Persistent link: https://www.econbiz.de/10013046501
We analyze a model of price competition ά la Bertrand in a network environment. Firms only have a limited information …
Persistent link: https://www.econbiz.de/10014219134
Persistent link: https://www.econbiz.de/10003311497
The paper first summarizes the benefits of competition, i.e. why competitive markets are more efficient than … interference. In the main part, the paper presents the key components of effective competition oversight, in particular for … countries seeking to reform their competition laws and agencies and those planning for the first time to introduce meaningful …
Persistent link: https://www.econbiz.de/10013113678
adoption of "platform" or "two-sided market" theory in American antitrust, and in theoretical efforts like the one on which it …
Persistent link: https://www.econbiz.de/10012892397
We analyze collusion under demand uncertainty by cartels such as OPEC that care about the utility derived from profits by citizens. When citizens are sufficiently risk averse and fixed operating costs are non-trivial, it becomes difficult for cartels to collusively restrict output both when...
Persistent link: https://www.econbiz.de/10013045808