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Horizontal Shareholding and Network Theory

Romano, Alessandro - 2020

This paper uses network theory to argue that the consequences of horizontal ownership by large investment institutions … are more complicated than, and sometimes completely the opposite of, what conventional economic theory predicts … calculations and identify a method already developed in network theory that could help us perform them. I also show that in some …

Persistent link: https://www.econbiz.de/10014111141

Optimal Cartel Pricing in the Presence of an Antitrust Authority

Harrington, Joseph E. - 2005

Price dynamics are characterized when a price-fixing cartel is concerned about creating suspicions of the presence of a cartel. A dynamical extension of static models yields the counterfactual prediction that the cartel initially raises price and then gradually lowers it. An alternative...

Persistent link: https://www.econbiz.de/10014112390

Pro- Versus Anti-Competitive Alliances

Arping, Stefan; Troege, Michael - 2010

This paper considers the competitive effects of funding and collaboration alliances between established corporations and entrepreneurial potential rivals. We develop a formal setting to explore how in the presence of mutual agency conflicts, (i) cost efficiencies from resource sharing, (ii) the...

Persistent link: https://www.econbiz.de/10014112511

World-Wide-Welfare : A Micro-Economic Analysis of the New Economy

Herings, P. Jean-Jacques; Schinkel, Maarten Pieter - 2011

In the wide and increasing attention for the so-called "new economy", two, not necessarily compatible, issues meet the eye. Firstly, most discussions apply macro-economic concepts, yet secondly their general gist is that the new economy demands new tools for analysis. In this paper, the existing...

Persistent link: https://www.econbiz.de/10014113426

Bertrand Competition Without Completely Certain Production

Kimmel, Sheldon - 2002

Bertrand except that the percentage effect of merger on profits (and also, at least in the linear case, on prices) grows …

Persistent link: https://www.econbiz.de/10014117250

Competition between Networks : A Study of the Market for Yellow Pages

Rysman, Marc - 2004

This paper estimates the importance of network effects in the market for Yellow Pages. I estimate three simultaneous equations: consumer demand for usage of a directory, advertiser demand for advertising and a publisher's first-order condition (derived from profit-maximizing behavior)....

Persistent link: https://www.econbiz.de/10014120232

Regulation in the Digital Economy. Is Ex-Ante Regulation of 'Gatekeepers' An Efficient and Fair Solution?

Carugati, Christophe - 2020

The European Commission (hereinafter “the Commission”) recently released two Inception Impact Assessments (IIA) and public consultations on a possible new competition tool and a possible ex-ante regulation of large online platforms (so-called “gatekeepers”). After the publication of many...

Persistent link: https://www.econbiz.de/10014092863

The Antitrust Economics of Two-Sided Markets

Evans, David S. - 2022

"Two-sided" markets have two different groups of customers that businesses have to get on board to succeed - there is a "chicken-and-egg" problem that needs to be solved. These industries range from dating clubs (men and women), to video game consoles (game developers and users), to credit cards...

Persistent link: https://www.econbiz.de/10014095843

Subsidy and product diversity in the presence of buyer power

Chen, Zhiqi; Ding, Hong - In: International studies of economics 17 (2022) 3, pp. 278-295

This paper analyzes the effectiveness of government subsidies in promoting product diversity when a downstream firm has buyer power. Using an extension of the Dixit-Stiglitz model of monopolistic competition, we compare the effects of subsidies on the equilibrium number of differentiated...

Persistent link: https://www.econbiz.de/10013454394

Pricing via Artificial Intelligence : The Impact of Neural Network Architecture on Algorithmic Collusion

Zhang, Weipeng - 2023

Classic artificial intelligence (Q-learning) algorithms have been capable of consistently learning supra-competitive pricing strategies in infinitely repeated Nash-Bertrand pricing games without human communication. Such algorithms have been able to converge due to the temporal correlation of...

Persistent link: https://www.econbiz.de/10014344267