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Firm heterogeneity and international trade liberalisation : a generalized cournot oligopoly approach

Cieślik, Andrzej - In: Central European economic journal 11 (2024) 58, pp. 67-78

competition using the Cournot oligopoly model with heterogeneous firms. In particular, our objective is to provide some insights … into the role of cost asymmetry in studying the effects of trade liberalisation in the Cournot oligopoly framework. In … order to introduce firm heterogeneity into the oligopoly model we use the generalised Cournot framework with asymmetric …

Persistent link: https://www.econbiz.de/10015415058

Information sharing in oligopoly : sharing groups and core-periphery architectures

Currarini, Sergio; Feri, Francesco - In: Games 12 (2021) 4, pp. 1-17

The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...

Persistent link: https://www.econbiz.de/10013171765

How trade dampens the impact of financial frictions in the presence of large firms

Vavoura, Chara - In: Economies : open access journal 10 (2022) 11, pp. 1-18

In this paper we aim, first, to examine how an economy's financial development affects the welfare gains from trade and, second, to uncover how large firms threaten to suppress these gains, through the exertion of market power and their confirmed preferential access to liquidity. To this...

Persistent link: https://www.econbiz.de/10013499545

Strategic data sales to competing firms

Delbono, Flavio; Reggiani, Carlo; Sandrini, Luca - 2021

The unprecedented access of firms to consumer level data facilitates more precisely targeted individual pricing. We study the incentives of a data broker to sell data about a segment of the market to three competing firms. The segment only includes a share of the consumers in the market around...

Persistent link: https://www.econbiz.de/10012695129

Price and quantity competition under vertical pricing

Basak, Debasmita - In: Games 14 (2023) 4, pp. 1-8

We consider a vertically related market where one quantity-setting and another price-setting downstream firm negotiate the terms of a two-part tariff contract with an upstream input supplier. In contrast to the traditional belief, we show that the price-setting firm produces a higher output and...

Persistent link: https://www.econbiz.de/10014426325

Two extensions of consumer surplus

Corchón, Luis C.; Torregrosa-Montaner, Ramón J. - In: SERIEs : Journal of the Spanish Economic Association 13 (2022) 3, pp. 557-579

losses in a class of utility functions. We offer a formula to find the percentage of welfare losses due to oligopoly in this …

Persistent link: https://www.econbiz.de/10013459931

Collusive stability with relative performance and network externalities

Lu, Yi-Shan; Tsai, Chien-Shu; Lee, Jen Yao; Lee, Chung-Yang - In: Games 15 (2024) 3, pp. 1-7

In this paper, we aim to investigate the collusive stability in the presence of network externalities among firms with relative performance in the firm's objective functions. We demonstrate that collusive stability is increasing (decreasing) in the degree of relative performance, product...

Persistent link: https://www.econbiz.de/10014636244

Oligopoly pricing : the role of firm size and number

Bos, Iwan; Marini, Marco - In: Games 14 (2023) 1, pp. 1-16

This paper examines a homogeneous-good Bertrand-Edgeworth oligopoly model to explore the role of firm size and number … oligopoly prices. …

Persistent link: https://www.econbiz.de/10014420154

Network externalities and downstream collusion under asymmetric costs : a note

Lee, Jen Yao; Fan, Chen-Chia; Tsai, Chien-Shu - In: Games 14 (2023) 2, pp. 1-11

This paper considers the collusive stability of downstream competition in a vertical market with network externalities and cost asymmetry. A dynamic collusion game is constructed, and backward induction is employed to solve the subgame perfect Nash equilibrium. We show that larger network...

Persistent link: https://www.econbiz.de/10014422321

Estimating demand with multi-homing in two-sided markets

Affeldt, Pauline Luise; Argentesi, Elena; Filistrucchi, Lapo - 2021

We empirically investigate the relevance of multi-homing in two-sided markets. First, we build a micro-founded structural econometric model that encompasses demand for differentiated products and allows for multi-homing on both sides of the market. We then use an original dataset on the Italian...

Persistent link: https://www.econbiz.de/10012664715