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It is well-known that switching costs may facilitate monopoly pricing in a market with price competition between two …
Persistent link: https://www.econbiz.de/10005675253
universities. Using data from IPEDS we estimate the resulting distribution of prices and school quality. While price competition …
Persistent link: https://www.econbiz.de/10005481896
The purpose on this paper is twofold. First, we present an alternative model of agglomeration and trade that displays the main features of the recent economic geography literature while allowing for the derivation of analytical results by means of simple algebra. Second, we show how this...
Persistent link: https://www.econbiz.de/10005478915
In this paper, we examine how strategic interactions affect airline network. We develop a three stage duopoly game: at stage 1 airlines determines their network structure (linear versus hub-and-spoke). At stage 2 they decide on their capacities, and at stage 3 firms compete in quantities. The...
Persistent link: https://www.econbiz.de/10005486991
Persistent link: https://www.econbiz.de/10004971313
the profit-oriented firrm's production costs. Secondly, the socially-preferable form of managed competition is to … introduce coproduction practices and, hence, to raise profit-oriented firm’s production costs. The diffusion of coproduction … paradigms ensures maximal service quality and eliminates mark-up from the market. …
Persistent link: https://www.econbiz.de/10010991162
competition. Collusion lowers welfare for all consumers and is most frequent when many consumers prefer comparable offers. In … comparable offers. This leads to an improvement in welfare for all consumers. …
Persistent link: https://www.econbiz.de/10010939418
In this paper, a spatial (circular) model is used to endogenously determine product locations and prices when consumers have an elastic (linear) demand with a finite reservation price. I show that a symmetric two-stage Bertrand-Nash equilibrium requires maximal product differentiation....
Persistent link: https://www.econbiz.de/10010584326
Persistent link: https://www.econbiz.de/10005090634
The main section of the paper analyzes the principles and practice of competition policy for utilities under six headings: price discrimination and cross-subsidy; oligopolistic behaviour; mergers and takeovers; vertical structure; network access pricing; and historical entry barriers. The...
Persistent link: https://www.econbiz.de/10005090689