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Persistent link: https://www.econbiz.de/10014165863
existence of equilibrium. We then apply the solution concept to a matching-based Cournot model in which the unit production cost …
Persistent link: https://www.econbiz.de/10010191642
This paper presents a model of strategic buyer-seller networks with information exchange between sellers. Prior to engaging in bargaining with buyers, sellers can share access to buyers for a negotiated transfer. We study how this information exchange affects overall market prices, volumes and...
Persistent link: https://www.econbiz.de/10011576406
How do incentives to collude depend on how asymmetric firms are? In many markets product quality is an important parameter that determines firms' market strategies. We study collusion in a quality-differentiated duopoly and we adopt a Nash bargaining approach to compute the collusive equilibrium...
Persistent link: https://www.econbiz.de/10012655386
Industries with significant scale economies or learning-by-doing may come to be dominated by a single firm. Economists have studied how likely this is to happen, and whether it is efficient, using models where buyers are price or quantity takers, even though these industries are often also...
Persistent link: https://www.econbiz.de/10014528398
How do incentives to collude depend on how asymmetric firms are? In digital and technology markets product quality is an important parameter that determines firms' market strategies. We study collusion in a quality differentiated duopoly and we adopt a Nash bargaining approach to compute the...
Persistent link: https://www.econbiz.de/10013251865
We provide a framework for empirical analysis of negotiated-price markets. Using mortgage market data and a search and negotiation model, we characterize the welfare impact of search frictions and quantify the role of search costs and brand loyalty for market power. Search frictions reduce...
Persistent link: https://www.econbiz.de/10011809443
This paper investigates the effects of changes in retail market concentration when input prices are negotiated. Results are derived from a model of bilateral Nash-bargaining between upstream and downstream firms which allows for general forms of demand and retail competition. Whether...
Persistent link: https://www.econbiz.de/10011654786
the example of a Cournot duopoly with asymmetric cost, we investigate experimentally how players cooperate (collude …
Persistent link: https://www.econbiz.de/10011929323
the example of a Cournot duopoly with asymmetric cost, we investigate experimentally how players cooperate (collude …
Persistent link: https://www.econbiz.de/10011802796