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We investigate whether or not privatization is beneficial from the viewpoint of social welfare in a monopolistic competition model. We discuss the relationship between the welfare effects of privatization and the degree of foreign direct investment in the private sector, which is an important...
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In this paper, collusive price leadership in homogeneous good capacity-constrained repeated price competition is examined. In the stage game, firms choose their timing of price setting. Although setting a price early is disadvantageous per se, a large firm has an incentive to move early in order...
Persistent link: https://www.econbiz.de/10005493077
This paper provides an example that incumbent firms might allow potential entrants to enter a market. The market consists of two sub-markets: a high-end market and a low-end market. (i) If low-quality products are of no value to consumers in the high-end market, (ii) consumers in the low-end...
Persistent link: https://www.econbiz.de/10011084850
This paper discusses competition between high-quality private service providers that maximize their own profits and a low-quality public service provider that maximizes social surplus. There are two heterogeneous consumer groups: those who demand only high-quality services and those who care...
Persistent link: https://www.econbiz.de/10010960406
We discuss competition between high-quality private service providers that maximize their own profits and a low-quality public service provider that maximizes social surplus. Two heterogeneous consumer groups exist: those who demand only high-quality services and those who care little whether...
Persistent link: https://www.econbiz.de/10010625793
This paper examines detected bid rigging mechanisms based on the decisions of the Japan Fair Trade Commission (JFTC) from April 1996 to December 2005. We first develop some indicators that represent important characteristics of the ring mechanism from a theoretical and empirical point of view....
Persistent link: https://www.econbiz.de/10008914649
Two models of competition between high-end and low-end products benefiting the high-end firms are presented. One is a quantity competition model, and the other is a price competition model with product differentiation. The key factor is the existence of two heterogeneous consumer groups: those...
Persistent link: https://www.econbiz.de/10008787945
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