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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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Increasingly, retailers have access to better pricing technology, especially in online markets. Firms employ automated … pricing algorithms that allow for high-frequency price changes. What are the implications for price competition? We develop a … model of price competition where firms can differ in pricing frequency and choose algorithms that autonomously react to …
Persistent link: https://www.econbiz.de/10012175360
We study the competition between two remanufacturers in the acquisition of used products and the sales of …
Persistent link: https://www.econbiz.de/10012149627
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. …
Persistent link: https://www.econbiz.de/10011798855
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