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Persistent link: https://www.econbiz.de/10012155485
We analyze how consumer preferences for one-stop shopping a¤ect the (Nash) bargaining relationships between a retailer and its suppliers. One-stop shopping preferences create demand complementarities among otherwise independent products which lead to two opposing effects on upstream merger...
Persistent link: https://www.econbiz.de/10011715307
We analyze the incentives to collude when brand manufacturers compete with a private label producer of inferior quality. Full collusion is easier to sustain than partial collusion from the brands.perspective when horizontal differentiation is large and vertical differentiation is small. The...
Persistent link: https://www.econbiz.de/10011292409
We analyze how consumer preferences for one-stop shopping affect the bargaining relationship between a retailer and its suppliers. One-stop shopping preferences create "demand complementarities" among otherwise independent products which lead to two opposing effects on upstream merger...
Persistent link: https://www.econbiz.de/10009160881
Embedding consumer experimentation with a product or service into a market environment, we find that unregulated contracts induce too few returns or cancellations, as they do not internalize a pecuniary externality on other firms in the market. Forcing firms to let consumers learn longer by...
Persistent link: https://www.econbiz.de/10012889810
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This paper characterizes equilibrium persuasion through selective disclosure based on the personal information that senders acquire about the preferences and orientations of receivers, with applications to strategic marketing and campaigning. We derive positive and normative implications...
Persistent link: https://www.econbiz.de/10013234012
The failure to fully internalize externalities from production and consumption, including on future generations, is supposed to be the core of the perceived failure to ensure ecological sustainability within the realm of antitrust enforcement. As policymakers put increasing pressure on...
Persistent link: https://www.econbiz.de/10013217100
Persistent link: https://www.econbiz.de/10009658152
We characterize a monopolist's optimal offer of service plans when only informed customers know already at the contracting stage whether their demand is high or low, while uninformed customers may learn their demand only after incurring some costs, if at all. While informed customers purchase...
Persistent link: https://www.econbiz.de/10003794017