This article examines the market power of branded prescription drugs faced with generic competition. Using prescription … mimics a reduction of switching costs and increases prices. While the effect of switching costs on prices in theory is … ambiguous, moderate switching costs and sufficient competition for new patients increase competitive pressure. Second, if …

offers especially when many consumers prefer comparable offers. This occurs after initial periods with strong competition and … leads to lower welfare for all consumers. In treatments where firms cannot monitor the competition, firms end up having to …

competition by a competitive fringe that produces low quality. We show that the brand manufacturer optimally provides a decoy good …

Prime and others have emerged as new suppliers of audiovisual content. In this quickly changing industry, compe-tition … also identify areas where competition intensity between different service types appear to be low, for instance, through …

, I further study how several factors, including competition by a large number of sellers, would affect the equilibrium …

This paper investigates the competition between payment card issuers in an artificial payment card market. In the … market leads to the result that more competitors do actually reduce competition for customers …

I present a game-theoretic model where economic competition and attention competition are interdependent. On the one … price competition among all perceived firms. On the other hand attracting attention involves costs which must be covered by … the earnings from competition. It is the task of this paper to clarify the consequences of such an interdependence between …

defined insurance and non-insurance markets based on the initial loss size, we develop theory to show that insurers with buyer … power have incentives to create insurance markets. Insurer competition will push their profits to zero but markets do not … our theory and find support. Monopolistic insurer-subjects in non-insurance markets increase loss sizes to establish …

We develop models of markets with procrastinating consumers where competition operates - or is supposed to operate … price competition fails at this stage as well. In fact, a competition paradox results: an increase in the number of firms or … returning ex-post profits to consumers, and in some cases even exacerbate the failure of price competition. Consumer …