Author: George SymeonidisPublisher:
ISBN:
Category : Competition
Languages : en
Pages : 43
Book Description
Price and Non-price Competition with Endogenous Market Structure
Author: George SymeonidisPublisher:
ISBN:
Category : Competition
Languages : en
Pages : 43
Book Description
Price and Non-price Competion with Endogenous Market Structure
Author: George SymeonidisSunk Costs and Market Structure
Author: John SuttonPublisher: MIT Press
ISBN: 9780262193054
Category : Business & Economics
Languages : en
Pages : 600
Book Description
Sunk Costs and Market Structure bridges the gap between the new generation of game theoretic models that has dominated the industrial organization literature over the past ten years and the traditional empirical agenda of the subject as embodied in the structure-conduct-performance paradigm developed by Joe S. Bain and his successors.
Price Discrimination
Author: Fouad SabryPublisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 374
Book Description
What is Price Discrimination Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different market segments. Price discrimination is distinguished from product differentiation by the more substantial difference in production cost for the differently priced products involved in the latter strategy. Price differentiation essentially relies on the variation in the customers' willingness to pay and in the elasticity of their demand. For price discrimination to succeed, a firm must have market power, such as a dominant market share, product uniqueness, sole pricing power, etc. All prices under price discrimination are higher than the equilibrium price in a perfectly competitive market. However, some prices under price discrimination may be lower than the price charged by a single-price monopolist. Price discrimination is utilized by the monopolist to recapture some deadweight loss. This Pricing strategy enables firms to capture additional consumer surplus and maximize their profits while benefiting some consumers at lower prices. Price discrimination can take many forms and is prevalent in many industries, from education and telecommunications to healthcare. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Price discrimination Chapter 2: Monopoly Chapter 3: Monopolistic competition Chapter 4: Oligopoly Chapter 5: Perfect competition Chapter 6: Imperfect competition Chapter 7: Deadweight loss Chapter 8: Two-part tariff Chapter 9: Pricing Chapter 10: Barriers to entry Chapter 11: Yield management Chapter 12: Market power Chapter 13: Non-price competition Chapter 14: Market structure Chapter 15: Pricing strategies Chapter 16: Dynamic pricing Chapter 17: Revenue management Chapter 18: Value-based pricing Chapter 19: Rental value Chapter 20: Profit (economics) Chapter 21: Monopoly price (II) Answering the public top questions about price discrimination. (III) Real world examples for the usage of price discrimination in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Price Discrimination.
Price and Non-price Competition and Market Structure in the Single European Market
Author: Bruce TraillMarket Structure and the Demand for Free Trade
Author: Orlando I. BalboaPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
We explore the interplay of market structure and government trade policy in the context of a heterogenous goods duopoly model (allowing for goods to be substitutes or complements) wherein governments simultaneously and noncooperatively choose whether or not to provide subsidies for their firms and then firms noncooperatively choose output levels, either sequentially (i.e., in a Stackelberg leader-follower model) or simultaneously (i.e., in a Cournot-Nash model). We focus on competition in quantities but also provide results when firms compete in prices. In both the quantity and price models we further allow for endogenous market structure by considering two game forms wherein one of the firms, a potential leader, can choose to lead or not lead (play Cournot). We find that government trade policy and market structure can interact. First, the trade regime can alter traditional firm preferences over sequential versus simultaneous play. Second, different market structures can influence governments' preferences about free trade versus subsidies. Further, if one of the firms is a potential leader, allowing for endogenous market structure generates equilibrium outcomes that sometime reinforce, and sometimes counter, received results in the extant strategic trade literature. For example, when firms compete in quantities, endogenous market structure results in Cournot-Nash competition, but competition in prices results in a leader-follower structure.
Handbook of Industrial Organization
Author: Kate HoPublisher: Elsevier
ISBN: 0323988873
Category : Business & Economics
Languages : en
Pages : 782
Book Description
Handbook of Industrial Organization Volume 4 highlights new advances in the field, with this new volume presenting interesting chapters. Each chapter is written by an international board of authors. Part of the renowned Handbooks in Economics series Chapters are contributed by some of the leading experts in their fields A source, reference and teaching supplement for industrial organizations or industrial economists
Efficient Access Pricing and Endogenous Market Structure
Author: Kaniska DamEndogenous Market Transparency and Price Competition
Author: Klaus KulttiWhat is the Impact of Increased Business Competition?
Author: Sónia FélixPublisher: International Monetary Fund
ISBN: 1513521519
Category : Business & Economics
Languages : en
Pages : 57
Book Description
This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that reduced entry time and costs. Using the staggered implementation of the policy across the Portuguese municipalities, we find that the reform increased local entry and employment by, respectively, 25% and 4.8% per year in its first four years of implementation. Moreover, around 60% of the increase in employment came from incumbent firms expanding their size, with most of the rise occurring among the most productive firms. Standard models of firm dynamics, which assume a constant elasticity of substitution, are inconsistent with the expansionary and heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most productive firms face a lower demand elasticity and expand their employment in response to increased entry.