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It has been suggested that mergers, by increasing concentration, raise incentives to invest and hence are pro-competitive. To study the effects of mergers, we rewrite a game with simultaneous price and cost-reducing investment choices as one where firms only choose prices, and make use of...
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In many markets, user benefits depend on participation and usage decisions of other users giving rise to network … platforms and platform competition, and elaborates on some routes taken by recent research. …
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We study the competition between two remanufacturers in the acquisition of used products and the sales of …
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countries within a region in a context of imperfect competition, where transport infrastructure investments play the role of a … are derived from the model. In particular, transport infrastructure investments can intensify fiscal competition between …
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markets, several homogeneous platforms segment the market. Instead, if product market competition is soft, agglomeration on a … sellers shape the market structure in platform industries. If product market competition is tough, sellers avoid competitors … competition. …
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