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Mergers under asymmetric information - is there a lemons problem?

Borek, Thomas (contributor); Bühler, Stefan (contributor); … - 2004 - [Elektronische Ressource]

. -- merger ; asymmetric information ; oligopoly ; single crossing …

Persistent link: https://www.econbiz.de/10002202342

Intimidating competitors : endogenous vertical integration and downstream investment in successive oligopoly

Bühler, Stefan (contributor); Schmutzler, Armin (contributor) - 2004 - July 2004, revised July 2005

oligopoly. We start from a linear Cournot model to motivate our more general reducedform framework. For this general framework …

Persistent link: https://www.econbiz.de/10002202366

Downstream investment in oligopoly

Bühler, Stefan (contributor); Schmutzler, Armin (contributor) - 2003 - [Elektronische Ressource]

We examine cost-reducing investment in vertically-related oligopolies, where firms may be vertically integrated or separated. Analyzing a standard linear Cournot model, we show that: (i) Integrated firms invest more than separated competitors. (ii) Vertical integration increases own investment...

Persistent link: https://www.econbiz.de/10001807376

Competition and innovation : an experimental investigation

Darai, Donja; Sacco, Dario; Schmutzler, Armin - 2009 - Revised version

The paper analyzes the effects of more intense competition on firms' incentives to invest in process innovations. We carry out experiments for two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of firms from...

Persistent link: https://www.econbiz.de/10003387554

All-Pay auctions with negative prize externalities : theory and experimental evidence

Sacco, Dario; Schmutzler, Armin - 2008

overinvestment both relative to the mixed-strategy equilibrium and the social optimum. -- All-pay auctions ; oligopoly ; investment …

Persistent link: https://www.econbiz.de/10003892457

Intimidating Competitors ? Endogenous Vertical Integration and Downstream Investment in Successive Oligopoly

Buehler, Stefan - 2020

oligopoly. We start from a linear Cournot model to motivate our more general reduced-form framework. For this general framework …

Persistent link: https://www.econbiz.de/10012705917

Innovation and the Emergence of Market Dominance

Athey, Susan; Schmutzler, Armin - 2013

quality-improving investments. In many commonly-studied oligopoly games, such investments are strategic substitutes. We derive … commonly-studied oligopoly models. We also highlight plausible countervailing effects from two distinct sources. First, leading …, when firms are sufficiently patient. Key words: oligopoly games, strategic substitutes, innovation, investment, increasing …

Persistent link: https://www.econbiz.de/10014042210

A product market theory of worker training

Gersbach, Hans; Schmutzler, Armin - 2004 - revised: February 2004

We develop a product market theory that explains why firms invest in general training of their workers. We consider a model where firms first decide whether to invest in general human capital, then make wage offers for each others' trained employees and finally engage in imperfect product market...

Persistent link: https://www.econbiz.de/10011402873

A product market theory of training and turnover in firms

Gersbach, Hans; Schmutzler, Armin - 2001

Persistent link: https://www.econbiz.de/10001610642

Globalization and general worker training

Gersbach, Hans (contributor); Schmutzler, Armin (contributor) - 2004 - [Elektronische Ressource]

integration has no effect on training incentives. -- general training ; human capital ; oligopoly ; turnover …

Persistent link: https://www.econbiz.de/10001957223