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When a monopolist sells an input to an oligopoly, consumer and total surplus frequently are invariant to changes in …
Persistent link: https://www.econbiz.de/10014127403
This paper investigates the effects of mergers, entry, and exit in retail markets when input prices are negotiated. Results are derived from a model of bilateral Nash-bargaining between manufacturers and retailers which allows for general forms of demand and retail competition. Whether...
Persistent link: https://www.econbiz.de/10011334106
This paper investigates the effects of changes in retail market concentration when input prices are negotiated. Results are derived from a model of bilateral Nash-bargaining between upstream and downstream firms which allows for general forms of demand and retail competition. Whether...
Persistent link: https://www.econbiz.de/10011654786
In this paper we consider a market situation in which initially there is an unintegrated monopoly upstream that owns an essential facility and two dowstream firms. Then the market is liberalized allowing upstream entry and vertical integration. The equilibrium entry mode - sharing the incumbent...
Persistent link: https://www.econbiz.de/10014069980
We study welfare effects of horizontal mergers under a successive oligopoly model and find that downstream mergers can …
Persistent link: https://www.econbiz.de/10011491438
. We apply our model to endogenous merger formation in an international oligopoly, and show that the equilibrium market …
Persistent link: https://www.econbiz.de/10011409994
We present sufficient conditions for data on an industry's product prices, quantities, and input prices to identify retailers' and manufacturers' vertical supply model. Identification requires nonlinear demand for homogeneous products and multi-product firms with non-constant markups for...
Persistent link: https://www.econbiz.de/10012780865
oligopoly. We start from a linear Cournot model to motivate our more general reduced-form framework. For this general framework …
Persistent link: https://www.econbiz.de/10012705917
. We apply our model to endogenous merger formation in an international oligopoly, and show that the equilibrium market …
Persistent link: https://www.econbiz.de/10013320499
We study the entry timing and location decisions of two exclusive buyer-supplier relationships in a continuous-time spatial competition model. In each relationship, the firms determine their entry timing and location, and negotiate a wholesale price through Nash bargaining. Then, the downstream...
Persistent link: https://www.econbiz.de/10011723843