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mergers under oligopoly. We show that, although so far the industrial organization and the cooperative game … the basic problem of the stability of the whole industry association of firms under oligopoly and, for this purpose, we …
Persistent link: https://www.econbiz.de/10012857367
The main aim of this paper is to derive properties of an optimal compensation scheme for consumer cooperatives (Coops) in situations of strategic interaction with profitmaximizing firms (PMFs). Our model provides a reason why Coops are less prone than PMFs to pay variable bonuses to their...
Persistent link: https://www.econbiz.de/10014168460
In this paper I set forth an antitrust remedy for the oligopolistic pricing problem. Oligopoly pricing resembles a … therefore propose the implementation of a price freeze scheme in oligopoly markets by which an oligopolist that significantly … lowers its price would freeze its rivals' prices at their previously higher oligopoly level for a defined period of time. A …
Persistent link: https://www.econbiz.de/10014049971
This paper proposes a model of corporate control and oligopolistic competition under common ownership. Each firm’s conduct results from Nash bargaining (NB) among shareholders and firms play a Nash equilibrium in Nash bargains. NB encompasses a rich class of models of corporate control under...
Persistent link: https://www.econbiz.de/10014354145
We study investments in R&D and the formation of R&D clusters of firms which are competitors in the market. In a three stage game, firms first decide on long-term R&D investment, then form research clusters according to the unanimity game introduced in Bloch(1995), and finally compete in...
Persistent link: https://www.econbiz.de/10011441020
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
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
We run a market experiment where firms can choose not only their price but also whether to present comparable offers. They are faced with artificial demand from consumers who make mistakes when assessing the net value of products on the market. If some offers are comparable however, some...
Persistent link: https://www.econbiz.de/10010433911
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
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