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We study a supply chain in which a consumer goods manufacturer sells its product through a retailer. The retailer undertakes promotional expenditures, uch as advertising, to increase sales and to compete against other retailer(s). The manufacturer supports the retailer’s promotional...
Persistent link: https://www.econbiz.de/10014045898
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
in which it is more realistic to assume a fluctuating discount factor. In a repeated oligopoly, as the interest rate … for the study of cooperation in repeated games but also for empirical studies of collusive pricing and the role that … collusive pricing may play in economic cycles …
Persistent link: https://www.econbiz.de/10014122852
This paper proposes a spatial model of imperfect competition in markets with selection to investigate whether imperfect competition exacerbates or offsets inefficiencies caused by selection. We find that no degree of imperfect competition achieves the first-best efficient allocation. This holds...
Persistent link: https://www.econbiz.de/10013218223
Outsourcing decisions by organizations have strategic and operational implications. Strategically, understanding the market and competition is necessary to make effective outsourcing decisions. In this paper we recognize this concern and model the situation where an organization with quality and...
Persistent link: https://www.econbiz.de/10012724503
reconciled with principles of oligopoly theory. This article (1) presents a fundamental reconceptualization of our understanding …
Persistent link: https://www.econbiz.de/10011810824
We apply Luce's choice axiomatic framework to oligopoly pricing of quality differentiated goods. The demand system is a … models. With asymmetric products, high mark-ups and high demands are driven by high quality-costs. The oligopoly price …
Persistent link: https://www.econbiz.de/10010594984
In downstream markets where entry is independent from profitability conditions, the upstream supplier’s optimal pricing …
Persistent link: https://www.econbiz.de/10008518415
This paper provides an explanation for noisy pricing based on the strategic interaction of two firms competing in … prices. When a firm adds noise to its prices, undercutting it becomes harder. Therefore, noisy pricing allows a firm to …
Persistent link: https://www.econbiz.de/10005579646
facilitates collusion and discourages deviation. -- Laboratory experiments ; industrial organisation ; oligopoly ; price …
Persistent link: https://www.econbiz.de/10002626552