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The competitive effect of multi market contact

Arie, Guy; Markovich, Sarit; Varela, Mauricio J. - 2012

Changes in the extent of multi-market contact (MMC) between firms often affect market outcomes – quantities and prices. We show that a strategic but purely competitive effect of changes in MMC can change the quantity provided in a market by a firm by as much as 50%, and the prices a firm sets...

Persistent link: https://www.econbiz.de/10009699389

Measuring Conduct and Cost Parameters in the Spanish Airline Market

Fageda, Xavier - 2005

This paper develops a model of airline competition. The model is based on a demand and pricing equation system, which …

Persistent link: https://www.econbiz.de/10014061319

Market Competition, Firm Profits and Welfare in a Stackelberg Oligopoly with Cost Asymmetry

Yoshida, Shohei - 2016

We revisit the relationships between competition and market outcomes in a Stackelberg oligopoly. Consider a … TV industry, despite being faced with severe competition from foreign entrants. We also show that the effects of … competition on producer surplus, consumer surplus, and social welfare are ambiguous …

Persistent link: https://www.econbiz.de/10012980737

Maximum likelihood estimation of search costs

Moraga-González, José Luis; Wildenbeest, Matthijs R. - 2006

In a recent paper Hong and Shum [2006. Using price distributions to estimate search costs. Rand Journal of Economics 37, 257–275] present a structural method to estimate search cost distributions. We extend their approach to the case of oligopoly and present a new maximum likelihood method to...

Persistent link: https://www.econbiz.de/10011348711

A Dynamic Oligopoly Game of the US Airline Industry : Estimation and Policy Experiments

Aguirregabiria, Victor - 2016

in the US airline industry. Our results are based on the estimation of a dynamic oligopoly game of network competition …

Persistent link: https://www.econbiz.de/10012706994

Consumer search with asymmetric price sampling

Astorne-Figari, Carmen; Yankelevich, Aleksandr - In: Economics Letters 122 (2014) 2, pp. 331-333

We explore asymmetries in the way consumers sample prices in a simple sequential search framework. In equilibrium, the price distribution of a firm catering to more local consumers first-order stochastically dominates that of its rival. Prices rise in the degree of asymmetry.

Persistent link: https://www.econbiz.de/10010743711

Oligopolistic Price Competition with Informed and Uninformed Buyers

Ostatnicky, Michal - Center for Economic Research and Graduate Education and … - 2010

The standard price competition of two or more players leads to Bertrand equilibrium in basic economic theory (if … competition seems prima facie based on prices. I follow the literature that originated with Varian’s (1980) model, especially …

Persistent link: https://www.econbiz.de/10008672183

Maximum Likelihood Estimation of Search Costs

Moraga-González, José Luis; Wildenbeest, Matthijs R. - 2014

In a recent paper Hong and Shum (forthcoming) present a structural methodology to estimate search cost distributions. We extend their approach to the case of oligopoly and present a maximum likelihood estimate of the search cost distribution. We apply our method to a data set of online prices...

Persistent link: https://www.econbiz.de/10014027277

Strategic targeted advertising

Galeotti, Andrea; Moraga-González, José Luis - 2003

We present a strategic game of pricing and targeted-advertising. Firms cansimultaneously target priceadvertisements to different groups of customers, or to the entiremarket. Pure strategy equilibria do not exist and thus marketsegmentation cannot occur surely. Equilibria exhibit random...

Persistent link: https://www.econbiz.de/10011333902

Search theory of imperfect competition with decreasing returns to scale

Menzio, Guido - In: Journal of economic theory : JET 218 (2024), pp. 1-24

Persistent link: https://www.econbiz.de/10015070894