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advertising, in an oligopolistic market with horizontally differentiated products where competition take place in quantities. We … show that, in equilibrium the fi��rms undertake a mix advertising strategy that combines both informative and … comparative advertising investments. We further compare our results over the equilibrium market outcomes and the social welfare …
Persistent link: https://www.econbiz.de/10011129906
Built on the location model, this paper studies the rivalry of two firms in an industry through two-part tariffs. It is found that kinky profit functions are responsible for the coincidence of imperfectly competitive equilibrium and cartelization outcome. A duopoly likely results in higher entry...
Persistent link: https://www.econbiz.de/10008867255
Built on the location model, this paper studies the rivalry of two firms in an industry through two-part tariffs. It is found that kinky profit functions are responsible for the coincidence of imperfectly competitive equilibrium and cartelization outcome. A duopoly likely results in higher entry...
Persistent link: https://www.econbiz.de/10010541719
This paper studies how the existence of a potential entrant influences an incumbent’s choice of quality in a model of vertical product differentiation and entry. Both firms face fixed set-up costs and quality-dependent costs of production, and compete on quality and price. With identical...
Persistent link: https://www.econbiz.de/10005504715
losers from potential privacy regulation in the context of four commonly-used oligopoly models: a linear city model, a … winners and losers as a result of privacy enforcement, the parties who stand to benefit and the parties who stand to lose, as …
Persistent link: https://www.econbiz.de/10010786471
This paper reports a laboratory experiment to study pricing and advertising behavior in a market with costly buyer … increases in either search or advertising costs are reflected in higher equilibrium prices. To test the predictions regarding … the level and dispersion of prices and advertising intensity, we vary the costs of search and advertising as well as the …
Persistent link: https://www.econbiz.de/10005063675
Persistent link: https://www.econbiz.de/10009642739
The paper extends the analysis of price competition among capacity-constrained sellers beyond the cases of duopoly and symmetric oligopoly.We first provide some general results for the oligopoly and then focus on the triopoly, providing a complete characterization of the mixed strategy...
Persistent link: https://www.econbiz.de/10005836834
The paper extends the analysis of price competition among capacity-constrained sellers beyond the cases of duopoly and symmetric oligopoly. We first provide some general results for the oligopoly and then focus on the triopoly, providing a complete characterization of the mixed strategy...
Persistent link: https://www.econbiz.de/10005837398
We study road supply by competing firms between a single origin and destination. In previous studies, firms simultaneously set their tolls and capacities while taking the actions of the others as given in a Nash fashion. Then, under some widely used technical assumptions, firms set a...
Persistent link: https://www.econbiz.de/10009201124