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characteristics and more concerned about hidden quality characteristics. Online retailers rely more on advertising than traditional … retailers do, to inform consumers and to signal hidden quality attributes. Price competition may be imperfect, because of … the market increases, advertising costs escalate and there is no new entry. Advertising to sales ratios and market …
Persistent link: https://www.econbiz.de/10005047767
A two-stage game is used in this paper to model a long-run market with spatially separated producers and with multi-period demands: first, firmas simultaneously and independently invest their capacities; second, after capacities are set up in the first stage and made public, firms engage in a...
Persistent link: https://www.econbiz.de/10005779442
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
We ask whether university-wide site licences perform a fiscal function that benefits the academic community. We find a surprising answer. If a journal is priced to maximize the publisher's profits, scholars on average are likely to be worse off when universities purchase site lisences than they...
Persistent link: https://www.econbiz.de/10005245532
By charging prices far above their average costs, commercial publishers of academic journals have been draining huge …
Persistent link: https://www.econbiz.de/10005245567
choose their quality level before engaging a price competition. We first show that the indirect effect of the quota on the … sales of the domestic producer are different depending of whether his product quality is high or low. The analysis developed … for the domestic government reduces the price competition and enable both firms to upgrade to the highest possible quality …
Persistent link: https://www.econbiz.de/10005478943
In this paper we consider a model of oligopolistic competition where firms make a two-dimensional product line decision. They choose a location in style space, thus, inducing horizontal differentiation, and produce different qualities (a product line) of a given good (vertical differentiation),...
Persistent link: https://www.econbiz.de/10005478960
The paper studies how second degree price discrimination can be implemented in a duopoly with differentiated products. Two firms serve consumers having heterogeneous willingness to pay for the good, willingness to pay being private knowledge. Consumers choose from a menu of tariffs and are...
Persistent link: https://www.econbiz.de/10005487107
' transportation costs are asymmetric, in the sence that it is more costly for consumer to move in one direction, say on the left …
Persistent link: https://www.econbiz.de/10005652395
The impact of competition on prices and wages in investigated using a panel of three-digit industries in the Dutch Manufacturing sector (1978-1991). Output prices are explaining using an oligopoly model, whereas wages are axplained through a bargaining model. The analysis reveals that market...
Persistent link: https://www.econbiz.de/10005656729