Showing 1 - 10 of 1,115
We run a market experiment where firms can choose not only their price but also whether to present comparable offers. They are faced with artificial demand from consumers who make mistakes when assessing the net value of products on the market. If some offers are comparable however, some...
Persistent link: https://www.econbiz.de/10010433911
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10011376636
simple model of symmetric oligopoly where firms select a two dimensional strategy set of price and a non-price variable known …
Persistent link: https://www.econbiz.de/10011337030
Within a simple model of homogeneous oligopoly, we show that the traditional ranking between Bertrand and Cournot …
Persistent link: https://www.econbiz.de/10011715895
The unprecedented access of firms to consumer level data facilitates more precisely targeted individual pricing. We study the incentives of a data broker to sell data about a segment of the market to three competing firms. The segment only includes a share of the consumers in the market around...
Persistent link: https://www.econbiz.de/10012695129
In this paper I set forth an antitrust remedy for the oligopolistic pricing problem. Oligopoly pricing resembles a … therefore propose the implementation of a price freeze scheme in oligopoly markets by which an oligopolist that significantly … lowers its price would freeze its rivals' prices at their previously higher oligopoly level for a defined period of time. A …
Persistent link: https://www.econbiz.de/10014049971
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish …
Persistent link: https://www.econbiz.de/10014078484
When firms set prices and face entry costs, efficiency in production and in entry are not simultaneously achieved, generating the possibility that regulatory interventions can lead to efficiency enhancements. We show through the Bertrand model that in markets with public entry and regular...
Persistent link: https://www.econbiz.de/10013115420
The article proposes an evolutionary game theoretical analysis of quality and price competition in oligopoly. Using the … second, quality is produced by variable costs. Therefore, in the context of a symmetric oligopoly game where each firm has …
Persistent link: https://www.econbiz.de/10013047757
We consider a vertically related market where one quantity-setting and another price-setting downstream firm negotiate the terms of a two-part tariff contract with an upstream input supplier. In contrast to the traditional belief, we show that the price-setting firm produces a higher output and...
Persistent link: https://www.econbiz.de/10014426325