Showing 1 - 10 of 654,472
This paper considers the collusive stability of downstream competition in a vertical market with network externalities … perfect Nash equilibrium. We show that larger network externalities lead to less collusive incentive for an inefficient firm …, while for an efficient firm, this depends on the efficiency gap. An increase in network externalities will destabilize the …
Persistent link: https://www.econbiz.de/10014422321
A positive relationship between firm size and product diversification is a long-standing stylized fact. However, so far there is no appropriate theoretical model to explain the underlying forces of this observation. This paper analyzes an oligopoly model with asymmetric multiproduct frms, which...
Persistent link: https://www.econbiz.de/10011509499
-form in the multiproduct mixed duopoly. With managerial delegation in public and private firms, we find that choosing M …-form (U-form) for the public and private firms is a dominant strategy under mixed duopoly if the degree of excess burden of … duopoly, consumer surplus with M-form is always greater than that with U-form, while social welfare crucially depends on …
Persistent link: https://www.econbiz.de/10013242009
We analyze endogenous choice of organizational forms between U-form and M-form in the multiproduct mixed duopoly. With … strategy under mixed duopoly in either Bertrand or Cournot competition. This is in contrast with the result obtained under … privatization. In equilibrium, social welfare and consumer surplus with M-form under mixed duopoly are greater than those with U …
Persistent link: https://www.econbiz.de/10013244834
A positive relationship between firm size and product diversification is a long-standing stylized fact. However, so far there is no appropriate theoretical model to explain the underlying forces of this observation. This paper analyzes an oligopoly model with asymmetric multiproduct firms, which...
Persistent link: https://www.econbiz.de/10013319737
A positiv relationship between firm size and product diversification is a long-standing stylized fact. However, so far there is no appropriate theoretical model to explain the underlying forces of this oberservation. This paper analyzes an oligopoly model with asymmetric multiproduct firms,...
Persistent link: https://www.econbiz.de/10001817561
This study compares energy and emission taxes used to control pollution and provide incentives for the adoption of an advanced abatement technology in a Cournot oligopoly. We examine multistage games where the government may intervene in order to maximize social welfare by setting an...
Persistent link: https://www.econbiz.de/10011540791
Persistent link: https://www.econbiz.de/10000679824
environmental economic theory has restricted itself to either of them when submitting conventional policy instruments to a … and taxes against the background of uncertain emission control costs and a polluting asymmetric Cournot duopoly …. -- asymmetric Cournot duopoly ; external diseconomies of pollution ; cost uncertainty ; emission standard ; emission tax …
Persistent link: https://www.econbiz.de/10009746170
We analyze educational institutions' incentives to set up demanding or lax curricula in duopolistic markets for education with endogenous enrolment of students. Comparing the case of regulated tuition fees with an unregulated market, we identify the following inefficiencies: Under regulated...
Persistent link: https://www.econbiz.de/10012718895