Similar Search Results

Does Market Size Matter? A Dynamic Model of Oligopolistic Market Structure, Featuring Costs of Creating and Maintaining a Market Position

Bloch, Harry; Eaton, Buford Curtis; Rothschild, R. - 2014

In their efforts to create a position in a market, and to maintain that position, firms make positioning investments of various sorts, in R&D, plant, advertising, and location, or more generally, in product development and maintenance. The heart of this paper is the hypothesis that the success...

Persistent link: https://www.econbiz.de/10014149981

Storability, Market Structure and Demand-Shift Incentives

Anton, James J.; Das Varma, Gopal - 2008

We consider a 2-period model in which buyers can store the good - purchasing in advance of consumption so as to realize potential gains from inter-temporal price arbitrage - and examine the impact of market structure on the resulting inter-temporal price path and allocation. The main result is...

Persistent link: https://www.econbiz.de/10014082903

Innovation and the Emergence of Market Dominance

Athey, Susan; Schmutzler, Armin - 2013

quality-improving investments. In many commonly-studied oligopoly games, such investments are strategic substitutes. We derive … commonly-studied oligopoly models. We also highlight plausible countervailing effects from two distinct sources. First, leading …, when firms are sufficiently patient. Key words: oligopoly games, strategic substitutes, innovation, investment, increasing …

Persistent link: https://www.econbiz.de/10014042210

Entry, Exit, and the Determinants of Market Structure

Dunne, Timothy; Klimek, Shawn D.; Roberts, Mark J.; Xu, … - 2015

This paper estimates a dynamic, structural model of entry and exit in an oligopolistic industry and uses it to quantify the determinants of market structure and long-run firm values for two U.S. service industries, dentists and chiropractors. Entry costs faced by potential entrants, fixed costs...

Persistent link: https://www.econbiz.de/10014048921

Forward Contracts, Market Structure, and the Welfare Effects of Mergers

Miller, Nathan - 2017

We examine how forward contracts affect economic outcomes under generalized market structures. In the model, forward contracts discipline the exercise of market power by making profit less sensitive to changes in output. This impact is greatest in markets with intermediate levels of...

Persistent link: https://www.econbiz.de/10012946212

Market Structure, Oligopsony Power, and Productivity

Rubens, Michael - 2021

I study how ownership consolidation affects productivity and market power in both factor and product markets. I develop a model to separately identify markups, markdowns, and productivity using production and cost data. I use the model to examine the effects of consolidation in the Chinese...

Persistent link: https://www.econbiz.de/10013241340

Chapter 35 Market Structure: Theory and Evidence

Sutton, John - In: Handbook of industrial organization : volume 3, (pp. 2301-2368). 2007

This chapter reviews the literature which has developed around the ‘bounds approach’ to market structure over the past fifteen years. The focus of this literature lies in explaining cross-industry differences in concentration, and in the size distribution of firms. One of the main ideas...

Persistent link: https://www.econbiz.de/10014024581

Investment and Market Structure in Industries with Congestion

Weintraub, Gabriel Y.; Johari, Ramesh; Van Roy, Benjamin - 2011

We analyze investment incentives and market structure under oligopoly competition in service industries with congestion …

Persistent link: https://www.econbiz.de/10014026413

Entry, Exit, and the Determinants of Market Structure

Dunne, Timothy - 2014

Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a dynamic, structural model of entry and exit in...

Persistent link: https://www.econbiz.de/10013070762

Merger Externalities in Oligopolistic Markets

Gugler, Klaus - 2014

transition from an n to an n-1 player oligopoly after a merger. Competitors are identified via the European Commission's market … effect. We obtain results consistent with the predictions of standard oligopoly models: rivals expand their output and …

Persistent link: https://www.econbiz.de/10013063525