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broker therefore strategically sells partial information on consumers in order to soften competition between firms. Extending …
Persistent link: https://www.econbiz.de/10012914903
This paper studies manipulation in cash-settled derivative contract markets. When traders hedge factor risk using cash-settled derivatives, which are settled based on the price of a spot good, traders can manipulate settlement prices by trading the spot good. In equilibrium, manipulation can...
Persistent link: https://www.econbiz.de/10012848739
Contradictory empirical and theoretical evidence on the relationship between innovation and competition has been … as R&D intensity, R&D elasticity, technical change, technical efficiency and total factor productivity fare with respect … to competition measured by the Lerner index. The results prove sensitive to the choice of variable. Overall, the model is …
Persistent link: https://www.econbiz.de/10012981330
unless competition is very intense. With demand asymmetry, the big firm wins exclusivity and consumer harm is lower. Banning …
Persistent link: https://www.econbiz.de/10014237225
increased price competition in the market for bundles. Absent bundling, each firm can exploit its limited market power and … neither relies on service complementarity nor on any other efficiency gains due to economies of scope or transaction costs …
Persistent link: https://www.econbiz.de/10014047236
costs and the intensity of competition. Our policy analysis demonstrates the perverse effects government imposed fairness …
Persistent link: https://www.econbiz.de/10014135548
competition in an abstract, sterile way. To illustrate the dangers of using such an abstract approach to the key issue of ILEC … services as a case study, wherein the Commission abandoned its own general framework for competition analysis in favor of using … abstract notions of potential competition. As demonstrated herein, the Commission's deregulatory scheme for Special Access has …
Persistent link: https://www.econbiz.de/10014073823
In limiting the patent term to twenty years, Congress sought to use competition to make patented products available to … competition has in practice proven an unreliable method of achieving low prices for off-patent products. Patentholders reap supra … scholars recognized decades ago, the primary effect of competition is not to drive down prices but to stimulate innovation …
Persistent link: https://www.econbiz.de/10014103805
prevent the fragmentation of market structure and an increase in the number of competitors, established competition and … barriers to entry. This Policy Paper draws from the analyses of competition developed over the last decade or so that offers … thinking is directly applicable to understanding the evolution of entry and competition in telecommunications markets and the …
Persistent link: https://www.econbiz.de/10014028963
This paper studies competition in the presence of digital convergence, a phenomenon that has been observed in a variety … product value and product substitutability by developing a new model of competition in converging industries that generalizes … popular models of imperfect competition, admitting endogenous product scope choices, variable substitutability across products …
Persistent link: https://www.econbiz.de/10014029207