Similar Search Results

The Effects of Banning Advertising on Demand, Supply and Welfare: Structural Estimation on a Junk Food Market

Dubois, Pierre; Griffith, Rachel; O'Connell, Martin - Toulouse School of Economics (TSE) - 2014

Restricting advertising is one way governments seek to reduce consumption of potentially harmful goods. There have been … increasing calls to apply a similar policy to the junk food market. The effect will depend on how brand advertising influences … dynamic oligopoly supply in which multi-product firms compete in prices and advertising budgets. We model the impact of …

Persistent link: https://www.econbiz.de/10010760349

Signaling quality in vertical relationships

Bontems, Philippe; Mahenc, Philippe - Toulouse School of Economics (TSE) - 2014

This paper addresses the issue of price signaling in a model of vertical relationship between a manufacturer and a retailer who share the same information about quality, unlike consumers who do not observe it a priori. We show that delegating the price setting task to a retailer and controlling...

Persistent link: https://www.econbiz.de/10011004722

Production Standards, Competition and Vertical Relationship

Bouamra-Mechemache, Zohra; Jianyu, Yu - Toulouse School of Economics (TSE) - 2013

This paper investigates the collective choice of production standards by farmer and pro- cessor groups within a vertical food supply chain, taking into account their competition behaviors. In a context in which raising standards cannot translate into a direct price premium to consumers, we...

Persistent link: https://www.econbiz.de/10011240613

Vertical Integration as a Source of Hold-up

Allain, Marie-Laure; Rey, Patrick; Chambolle, Claire - Toulouse School of Economics (TSE) - 2014

While vertical integration is traditionally seen as a solution to the hold-up problem, this paper highlights instead that it can generate hold-up problems — for rivals. We first consider a successive duopoly where competition among suppliers eliminates any risk of hold-up; downstreamfirms thus...

Persistent link: https://www.econbiz.de/10011004742

Credit Rating Industry: a Helicopter Tour of Stylized Facts and Recent Theories

Jeon, Doh-Shin; Lovo, Stefano - Toulouse School of Economics (TSE) - 2013

The recent subprime crisis and the ongoing Euro zone crisis have generated an enormous interest in the credit rating industry not only among economists but also among average citizens. As a consequence, we have seen an explosion of the economic literature on the industry. The objective of this...

Persistent link: https://www.econbiz.de/10011004763

Cooperation in the Presence of an Advantaged Outsider

Cheikbossian, Guillaume; Mahenc, Philippe - Toulouse School of Economics (TSE) - 2012

This paper analyzes how the stability of the tacit cooperation within a fringe of sev- eral identical ?rms is a¤ected by the presence of a more e¢ cient ?rm which does not take part in their cooperative agreement. The model assumes that the ?rms of the fringe adopt ?stick and carrot?strategies...

Persistent link: https://www.econbiz.de/10011004786

Reputation as an Entry Barrier in the Credit Rating Industry

Jeon, Doh-Shin; Lovo, Stefano - Toulouse School of Economics (TSE) - 2011

We study competition between an incumbent Credit Rating Agency (CRA) and a sequence of entrant CRAs that are potentially more e¤ective but whose ability in appraising default risk is unproven when they enter the market. We show that free entry competition fails to select the most competent CRA...

Persistent link: https://www.econbiz.de/10009369345

Price and Brand Competition between Differentiated Retailers: A Structural Econometric Model

Dubois, Pierre; Jodar-Rosell, Sandra - Toulouse School of Economics (TSE) - 2010

We develop a model of competition between retailer chains with a structural estimation of the demand and supply in the supermarket industry in France. In the model, supermarkets compete in price and brand offer over all food products to attract consumers, in particular through the share of...

Persistent link: https://www.econbiz.de/10008643953

News Aggregators and Competition Among Newspapers in the Internet

Esfahani, Nikrooz; Jeon, Doh-Shin - Toulouse School of Economics (TSE) - 2013

We study how the presence of a news aggregator affects quality choices of newspapers competing on the Internet. To provide a microfoundation for the role of the aggregator, we build a model of multiple issues where each newspaper chooses quality on each issue. This model captures the...

Persistent link: https://www.econbiz.de/10010729303

Oligopoly Intermediation, Relative Rivalry, and the Mode of Competition

Hamilton, Stephen; Bontems, Philippe; Lepore, Jason - Toulouse School of Economics (TSE) - 2013

Policy design in oligopolistic settings depends critically on the mode of competition between firms. We develop a model of oligopoly intermediation that reveals the mode of competition to be an equilibrium outcome that depends on the relative degree of rivalry between firms in the upstream and...

Persistent link: https://www.econbiz.de/10010740003