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Mergers in imperfectly segmented markets

Baake, Pio; Wey, Christian - 2009

We present a model with firms selling (homogeneous) products in two imperfectly segmented markets (a high-demand and a low-demand market). Buyers are mobile but restricted by transportation costs, so that imperfect arbitrage occurs when prices differ in both markets. We show that equilibria are...

Persistent link: https://www.econbiz.de/10010271113

Bundling biodiversity

Heal, Geoffrey - 2002

Biodiversity provides essential services to human societies. Many of these services are provided as public goods, so that they will typically be underprovided both by market mechanisms (because of the impossibility of excluding non-payers from using the services) and by government-run systems...

Persistent link: https://www.econbiz.de/10011335758

Product Differentiation and Oligopoly: A Network Approach

Pellegrino, Bruno - 2023

This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product … extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in … excess of 10 US$ trillions (against $3 trillions of profits). Oligopoly lowers total surplus by 11.5% and depresses consumer …

Persistent link: https://www.econbiz.de/10014290154

Price Discrimination in Input Markets: Downstream Entry and Welfare

Herweg, Fabian; Müller, Daniel - 2010

The extant theory on price discrimination in input markets takes the structure of the intermediate industry as …

Persistent link: https://www.econbiz.de/10010270421

Market Power in Water Markets

Ansink, Erik; Houba, Harold - 2010

Water markets with market power are analysed as multi-market Cournot competition in which the river structure … competition than downstream. Observed price patterns in the Goulburn-Murray Irrigation District are consistent with the …

Persistent link: https://www.econbiz.de/10010326027

Partial price discrimination by an upstream monopolist

Bru, Lluís; Faulí-Oller, Ramon; Sandonís, Joel - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 2, pp. 217-231

We analyze third degree price discrimination by an upstream monopolist to a continuum of heterogeneous downstream firms. The novelty of our approach is to recognize that customizing prices may be costly. As a consequence, partial price discrimination arises in equilibrium; in particular,we...

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Selling Service Plans to Differentially Informed Customers

Inderst, Roman; Peitz, Martin - 2008

We characterize a monopolist's optimal offer of service plans when only informed customers know already at the contracting stage whether their demand is high or low, while uninformed customers may learn their demand only after incurring some costs, if at all. While informed customers purchase...

Persistent link: https://www.econbiz.de/10010298707

Would you like to be a prosumer? Information revelation, personalization and price discrimination in electronic markets

Morasch, Karl; Bandulet, Martin - 2003

Electronic commerce and flexible manufacturing allow personalization of initially standardized products at low cost. Will customers provide the information necessary for personalization? Assuming that a consumer can control the amount of information revealed, we analyze how his decision...

Persistent link: https://www.econbiz.de/10010300399

Would You Like to Be a Prosumer? Information Revelation, Personalization and Price Discrimination in Electronic Markets

Bandulet, Martin; Morasch, Karl - 2003

Persistent link: https://www.econbiz.de/10010270920

Price Behaviour and Business Behaviour

Nitzan, Jonathan - 1990

attempts for greater realism seemed to undermine the prospects of constructing a coherent theory for prices. …

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