We study price competition between firms over public list or posted prices when a fraction of consumers (termed …

competition and Cournot conjectures; and (ii) supply function competition with ex post market clearing. We demonstrate both …

sellers shape the market structure in platform industries. If product market competition is tough, sellers avoid competitors … markets, several homogeneous platforms segment the market. Instead, if product market competition is soft, agglomeration on a … competition. …

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 …

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 …

where firms only choose prices, and make use of aggregative game theory. We find no support for that claim: absent effciency …

incumbent sellers sell at higher prices than entrants. This study develops a theory of dynamic pricing that explains these facts …

In this paper we study the implications of service level guarantees (SLGs) in a model of oligopoly competition where … oligopoly models of price competition, greatly simplifying the analysis of this otherwise complex competitive scenario. Notably …

Undergraduate economic students usually learn different models of duopoly competition: Cournot, Bertrand, Cournot …