A Model of Vertical Oligopolistic Competition PDF Download

Author: Markus Reisinger
Publisher:
ISBN:
Category : Competition, Imperfect
Languages : en
Pages : 0

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Author: C. Wu
Publisher: Elsevier
ISBN: 1483296164
Category : Business & Economics
Languages : en
Pages : 244

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Book Description
In this text some fundamental issues concerning the strategic impact of vertical structures of firms are discussed in a successive oligopoly model. Vertical integration strategy has been identified as one of the key strategies which determine the success or failure of enterprises. Many studies on vertical integration are based on business experiences and interviews with managers. However, the extensive application of game theory in business economics allows this study on vertical integration to be based on sound theoretic ground. Moreover, the significance of public enterprises in some Western European economies and the trends of economic transition in Eastern Europe justify the efforts to analyse vertical integration issues in the mixed market, which is created by the participation of a public firm into an industry otherwise characterised as a successive oligopoly.

Author: Joon Lim
Publisher:
ISBN:
Category : Oligopolies
Languages : en
Pages : 254

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Author: Paul Belleflamme
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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This is a successive oligopoly model with two brands. Each downstream firm chooses one brand to sell on a final market. The upstream firms specialize in the production of one input specifically designed for the production of one brand, but they also produce the input for the other brand at an extra cost. We show that when more downstream firms choose one brand, more upstream firms will specialize in the input specific to that brand, and vice versa. Hence, multiple equilibria are possible and the softening effect of brand differentiation on competition might not be strong enough to induce maximal differentiation. The existence of equilibria and their welfare performance are also examined.

Author: Luis C. Corchón
Publisher: Edward Elgar Publishing
ISBN: 1788112784
Category : Business & Economics
Languages : en
Pages : 547

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Book Description
This second volume of the Handbook includes original contribution by experts in the field. It provides up-to-date surveys of the most relevant applications of game theory to industrial organization. The book covers both classical as well as new IO topics such as mergers in markets with homogeneous and differentiated goods, leniency and coordinated effects in cartels and mergers, static and dynamic contests, consumer search and product safety, strategic delegation, platforms and network effects, auctions, environmental and resource economics, intellectual property, healthcare, corruption, experimental industrial organization and empirical models of R&D.

Author: F.J.L. Somers
Publisher: Routledge
ISBN: 100003545X
Category : Business & Economics
Languages : en
Pages : 337

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Book Description
Europe is increasingly becoming an everyday reality for many companies, not only for large corporations but small and medium-sized enterprises as well. European Competition offers students an introduction to the field of competition, cooperation and competition policy in the EU. To increase students' understanding of the workings of the Internal Market, most chapters start with case-studies. The book focuses on the subject areas economics and law and is written from both a business and a social/legal perspective. European Competition is an essential introductory textbook for students at both undergraduate and graduate levels in a wide range of degree and professional programmes. Including Economics, MBA and Law. It is of particular relevance to students interested in the European context of these disciplines and can be used as a core textbook for courses in European Integration or Business and International Environment in Europe and other parts of the world. This text is complementary to the book European Business Environment.

Author: Sulin Ba
Publisher:
ISBN:
Category :
Languages : en
Pages : 29

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Book Description
The majority of theoretical vertical differentiation models in the literature derive equilibrium prices that exhibit what we call an “adverse price effect:” for a low quality firm, the equilibrium price may decrease when the product quality increases. This seemingly counterintuitive theoretical result has received little attention in the literature. In order to check whether this result is simply an artifact of model assumptions (such as a duopoly under absence of differentiation costs), we present an oligopoly model with a general cost structure, and derive closed-form solutions for two special cases. Our model shows that the adverse price effect continues to hold in a more general setting and we derive conditions under which such an adverse price effect occurs. We then attempt to find empirical evidence of this phenomenon using data from the online retailing (e-tailing) industry where e-tailers selling identical products mainly differentiate with their service offerings. Our analytical and empirical results offer guidelines to e-tailers on how to price their products and decide their service offerings. The results may also have implications for firms in other industries that are characterized by vertical differentiation.

Author: John Beath
Publisher: Cambridge University Press
ISBN: 9780521335522
Category : Business & Economics
Languages : en
Pages : 220

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Book Description
There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.

Author: Alexander Galetovic P.
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 22

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Book Description

Author: Mario Baldassarri
Publisher: Springer
ISBN: 134912818X
Category : Business & Economics
Languages : en
Pages : 376

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Book Description
The book has three main objectives. Firstly, to provide an up-dated analysis of the most important theoretical developments, secondly, to present significant empirical verifications and thirdly, to assess the micro-macro debate and the relations which link the market structure to the function of the economic system.