Search Results - subject_exact:"Contestable markets"

Narrow search

Competitive outcomes in a Cournot-Tullock contest

Robertson, Matthew J. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463746

Move orders in contests : equilibria and winning chances

Gao, Lei; Lu, Jingfeng; Wang, Zhewei - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015426427

Endogenous incumbency in repeated contests

Dietz, Fabian; Eitel, Stephan - 2025

We consider a model of infinitely repeated lottery contests in which the winner of the prior contest (incumbent) additionally gains the opportunity to bias the subsequent contest by exerting early effort in an intermediate stage. An effortmaximizing contest designer strategically chooses the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647437

Interconnected contests

Dziubiński, Marcin; Goyal, Sanjeev; Zhou, Junjie - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651337

The 2023 Merger Guidelines : a critical assessment

Carlton, Dennis W. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015178358

Potential competition and the 2023 Merger Guidelines

Gilbert, Richard J.; Melamed, A. Douglas - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015178367

Perfect competition, market power, and contestability

Budzinski, Oliver; Stöhr, Annika - 2024

The model of perfect competition is one of the most famous, most important, and most misunderstood concepts in economics. Rather than aiming to be a full-blown model of real-world competitive markets, the perfect competition model isolates the decentralized coordination mechanism inherent in all...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014536299

How do incumbents react to the exit of a potential competitor? : evidence from the airline sector

Oliveira, Rafael Rocha; Lucinda, Cláudio Ribeiro - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014478544

Contests on networks

Matros, Alexander; Rietzke, David - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015185120

Show one more version 1

Contests on Networks

Matros, Alexander - 2018

Book / Working Paper

Elimination games

Sela, Aner - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014486889

Contest copycats : adversarial duplication of effort in contests

Send, Jonas - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014321362

Contesting fake news

Rehsmann, Daniel; Roussillon, Béatrice; Schweinzer, Paul - 2023

We model competition on a credence market governed by an imperfect label, signaling high quality, as a rank-order tournament between firms. In this market interaction, asymmetric firms jointly and competitively control the underlying quality ranking's precision by releasing individual...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014336462

Repeated contests with draws

Franke, Jörg; Metzger, Lars - 2023

We consider a simple contest game with draws where with some probability none of the contestants is selected as winner. If such an outcome occurs, then the contest is repeated in the next period unless either one of the contestants wins the prize or until a final last period is reached. Allowing...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014285495

Potential Competition

Hovenkamp, Herbert - 2023

“Potential competition” refers to the effects of sources of competition that have not yet emerged as actual competitors. These could be firms that produce different products in the same geographic area, or those that sell the same product but in a different geographic area. It could also...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014345346

Dueling contests and platform's coordinating role

Stouras, Konstantinos I.; Erat, Sanjiv; Lichtendahl, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015411135

Regulatory contestability and cost pass-through

Weisman, Dennis L. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015434479

Optimal grading contests

Goel, Sumit - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015426771

Contestability theory and the deregulation of US airlines

Button, Kenneth John - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612148

Asymmetric Shocks in Contests : Theory and Experiment

Song, Jian; Houser, Daniel - 2022

Under optimal tournament design, we would expect agents to exert identical effort regardless of the shape of the contest function’s error component. We report data from laboratory experiments that provide a first test of this prediction. We find that efforts do not significantly differ when...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013309440

Show one more version 1

Asymmetric Shocks in Contests : Theory and Experiment

Song, Jian; Houser, Daniel - 2022

Book / Working Paper

Antitrust Time Travel : Entry & Potential Competition

Sullivan, Sean; Su, Henry - 2022

Entry analysis and potential competition doctrine have much in common. Both draw from predictions about future entry. Both require difficult assessments of entry barriers and incentives. Both are currently a doctrinal mess. This Article offers a clarifying perspective. Instead of separating...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013291064

Entry in Markets and Contests and Some Related Problems

Corchón, Luis C.; Torregrosa, Ramón J. - 2022

We consider a model in which agents choose a single niche to act. These niches could be different markets around the world or different contests. We look for the existence of a free entry equilibrium in which no agent wishes to switch to a different niche. When agents form a continuum,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013291529

Sorting Contests and Contestants

Barbieri, Stefano; Serena, Marco - 2022

We study the sorting of contestants across Tullock contests, and the allocation of a prize budget across these contests. Our benchmark result is that total effort is maximized by a unique grand contest and contestant exclusions decrease total effort. We consider two extensions of our benchmark...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013296576

Costly Waiting in Dynamic Contests : Theory and Experiment

Song, Jian; Houser, Daniel - 2022

We extend the war of attrition by studying a three-period dynamic contest game. In our game, players can fight against their opponents at certain period of the contest and can flee at any time. Waiting is costly. We focus on the role of waiting costs and show that the value of waiting costs is a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014077968

Cooperation strategies when leading firms compete with small and medium-sized enterprises in a potentially competitive market

Li, Hengyu; Chai, Junwu; Qian, Zhifeng; Chen, Hong - 2022

Efficient cooperation, which has become common under rising economic globalization, is leading to new opportunities and challenges for enterprises choosing long-term competition strategies. Sharing resources with competitors is believed to weaken a firm's competitive edge. However, a potentially...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014315613

Competition to Innovate and Future Potential Competition

Landman, Lawrence B. - 2022

When reviewing mergers and similar transaction the American antitrust enforcers must, at times, protect competition in markets for products which do not exist. These include nascent competition cases. To justify doing so courts must develop a new legal doctrine: the current closest legal...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014240545

Stochastic-Share Contests

Brookins, Philip; Smyth, Andrew - 2022

This paper proposes the Stochastic-Share Contest, a novel contest format that combines the Winner-Take-All Contest and the Proportional-Prize Contest, with the former nesting the latter two as special cases. Motivated by the experimental contest literature, we include risk aversion and a "joy of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014080727

Baumol's contribution to telecommunications regulation

Beker, Víctor A. - 2022

Telecommunications was traditionally considered a natural monopoly. However, in 1982 AT&T was required to give up its control of local telephone services. As economies of scale and scope pervade telecommunications services, the neoclassical perfect competition model could not be applied as a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014311520

Intermediate prizes in multi-dimensional contests

Sela, Aner - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015127075

Incumbents' marketing deterrence strategies and potential entrants' time-to-entry : evidence from the US airline industry

Aghaie, Sina; Kamran-Disfani, Omid; Darani, Milad Mohammadi - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015198413

Potential Competition

Pike, Chris; Ohno, Takuya - 2021

This paper discusses the concept of potential competition as an important pro-competitive factor. While potential competition is inevitably subject to significant uncertainty, where it does exist, the paper suggests treating potential competition with a parity of esteem with respect to actual...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013227299

Potential Competition and Antitrust Analysis : Monopoly Profits Exceed Duopoly Profits

Salop, Steven C. - 2021

This short note prepared for an OECD meeting in June 2021 examines several antitrust issues involving analysis of potential competition. While the analysis is not new, it is still useful to collect them together in a unified fashion to show how they are related. In this regard, all the analysis...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013230060

Contest Divisioning

Brookins, Philip; Paan Jindapon - 2021

In this paper, we ask a fundamental design question in the theory of contests: Should contestants and reward money be pooled into a single grand contest, or should they be divided into parallel subcontests? We theoretically explore optimal divisioning using Tullock’s lottery contest framework...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013230233

An Experimental Investigation of Colonel Blotto Games

Chowdhury, Subhasish M.; Kovenock, Daniel J.; … - 2021

This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support all major theoretical predictions. In the auction treatment, where winning a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013316350

Markets for Information : Of Inefficient Firewalls and Efficient Monopolies

Cabrales, Antonio; Gottardi, Piero - 2021

In this paper we build a formal model to study market environments where information is costly to acquire and is of use also to potential competitors. In such situations a market for information may form, where reports - of unverifiable quality - over the information acquired are sold. A...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013316507

Preemption, Start-Up Decisions and the Firms' Capital Structure

Moretto, Michele; Panteghini, Paolo - 2021

In this article, we analyse the interactions between financial and start-up decisions in an oligopolistic framework, where firms compete to enter a new market. We show that preemption can substantially reduce the negative effects of credit rationing on start-up investment decisions

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013317029

Big Data on the Agenda : Potential Competition Issues Arising from Ownership and Processing Data

Antoniou, Anastasios A. - 2021

Whether technology giants and other big data collectors should brace themselves for the next big showdown with the European Commission remains to be seen. It is nevertheless becoming clear from national competition authority enquiries that two domains will attract the largest antitrust scrutiny:...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013211421

Entry, Contestability, and Deregulated Airline Markets : an Event Study Analysis of People Express

Whinston, Michael D.; Collins, Scott C. - 2021

A number of recent papers have studied the relationship between price and market structure in the deregulated airline industry through a cross-sectional analysis of city-pair markets. Yet, while interesting, several potential difficulties underlie the inferences drawn in these analyses. In this...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013218106

Show one more version 1

Entry, Contestability, and Deregulated Airline Markets : An Event Study Analysis of People Express

Whinston, Michael D. - 1990

Book / Working Paper

Optimal R&D Investment Strategies with Quantity Competition Under the Threat of Superior Entry

Plasmans, Joseph E. J.; Lukach, Ruslan; Kort, Peter M. - 2021

This paper studies R&D investment decisions of a firm facing the threat of new technology entry and subject to technical uncertainty. We distinguish four scenarios: inevitable entry, entry deterrence, entry blockade, and non-credible entry threat. The entry threat stimulates the incumbent to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013318769

Rent dissipation in repeated entry games : some new results

Ponssard, Jean-Pierre - 2004

Two-player infinitely-repeated-entry games are revisited using a new Markov equilibrium concept. The idea is to have an incumbent facing a hit and run entrant. Rent dissipation no longer necessarily holds. It will not when competition is tough in case of entry. Similarities and differences with...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011402410

Show 2 more versions 2

Rent dissipation in repeated entry games : some new results

Ponssard, Jean-Pierre - 2004

Book / Working Paper

Rent Dissipation in Repeated Entry Games : Some New Results

Ponssard, Jean-Pierre - 2021

Book / Working Paper

Strategic Restraint in Contests

Epstein, Gil S.; Nitsan, Shemuʾel - 2021

Economic policy is modeled as the outcome of a (political) game between two interest groups. The possible ex-post (realized) outcomes in the game correspond to the proposed policies. In the literature the policies fought for are exogenous. We extend such games by allowing the endogenous...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013321178

Contest Copycats : Adversarial Duplication of Eﬀort in Contests

Send, Jonas - 2021

Participants in an innovation contest may steal their opponents’ ideas to enhance their chance of winning. To model this, I introduce the ability to copy another player’s eﬀort in a Tullock contest between two players. I characterise the unique equilibrium in this game dependent on the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013323602

The Concept of Potential Competition

2021

This paper considers the benefits of extending the timeframe used to evaluate potential competition and reviews the tools that are available to assess it. It was prepared as background for a discussion on the topic held in June 2021.

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015081722

Optimal seedings in interdependent contests

Cohen, Chen; Rabi, Ishay; Sela, Aner - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014321393

Colonel Blotto's Tug of War

Klumpp, Tilman - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012586194

Entry regulations and optimal prize allocation in parallel contests

Grossmann, Martin - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012665519

Getting to "May Be" : Probability, Potential Competition, and the Clayton Act

Bloomfield, Doni - 2020

Current merger review law is critically flawed. Courts in Clayton Act Section 7 cases consider the likelihood that a merger will harm competition as a threshold question before considering the size of harm that could ensue. Under current law, to block a merger a judge must find that the deal is...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012835400

Potential Competition, Nascent Competitors, and Killer Acquisitions

Yun, John M. - 2020

In this chapter, we address a number of critical questions. Is there a problem with large technology firms, or platforms, purchasing nascent competitors and suppressing competition before they can mature into vibrant competitors? Further, if there is a problem, are the current antitrust laws and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014090659