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Displaying results 1 to 12 of 12.

  1. Small is successful!?
    a study of exit behavior in a declining markets experiment
    Author: Erlei, Mathias; Springmann, Jens-Peter
    Published: 2006
    Publisher:  Inst. für Wirtschaftswiss., Clausthal-Zellerfeld

    This paper provides experimental evidence on exit behavior of asymmetrically sized firms in a duopoly with declining demand. We conduct three treatments: (a) The basic model with indivisible real capital. The structure of this treatment represents... more

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    This paper provides experimental evidence on exit behavior of asymmetrically sized firms in a duopoly with declining demand. We conduct three treatments: (a) The basic model with indivisible real capital. The structure of this treatment represents the main findings of Ghemawat and Nalebuff (1985); (b) an extension of the basic model by introducing a bankruptcy constraint; (c) here we allow for divisible real capital (Ghemawat and Nalebuff (1990)). In all three treatments we find behavior that is, by and large, in line with subgame perfect Nash Equilibrium. However, there is a problem of multiplicity of equilibria in (b) and we find an anchor effect as well as learning effects in (c).

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/107446
    Edition: Draft: December 2006
    Series: TUC working papers in economics ; 5
    Subjects: Exit; duopoly; declining market; experimental economics
    Scope: Online-Ressource (15 S.)
    Notes:

    Literaturverz. S. 14 - 15
  2. Transition to marine mining?
    Author: Bang, Rasmus Noss; Trellevik, Lars-Kristian Lunde
    Published: [2022]
    Publisher:  Norwegian School of Economics, Bergen, Norway

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 11250/2983086
    Series: Discussion paper / Department of Business and Management Science ; FOR 2022, 9 (March 2022)
    Subjects: Terrestrial minerals; marine minerals; industry transition; monopoly; duopoly
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  3. R&D innovation with socially responsible firms
    Author: Buccella, Domenico; Fanti, Luciano; Gori, Luca
    Published: [2021]
    Publisher:  [Università di Pisa, Dipartimento di Economia e Management], [Pisa]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion papers / Università di Pisa, Dipartimento di Economia e Management ; n. 282 (2021)
    Subjects: Process innovation; Corporate social reponsibility; Nash equilibrium; Social welfare; duopoly; CSR; R&D investments
    Scope: 1 Online-Ressource (circa 12 Seiten), Illustrationen
  4. A theory of partitioned pricing
    Author: Chen, Zhiqi
    Published: March 2, 2022
    Publisher:  Carleton University, Department of Economics, Ottawa, Ontario

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    Language: English
    Media type: Book
    Format: Online
    Series: Carleton economics working papers ; CEWP 22, 02
    Subjects: partitioned pricing; surcharges; duopoly; strategic delegation; collusion
    Scope: 1 Online-Ressource (circa 28 Seiten)
  5. Duopolistic competition and monetary policy
    Author: Ueda, Kozo
    Published: February 2022
    Publisher:  Tokyo Center for Economic Research, Tokyo, Japan

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: TCER working paper series ; E-167
    Subjects: duopoly; monetary policy; strategic complementarities; New Keynesian model
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  6. Competition for carbon storage
    Author: Golombek, Rolf; Hoel, Michael; Kverndokk, Snorre; Ninfole, Stefano; Rosendahl, Knut Einar
    Published: April 2024
    Publisher:  CESifo, Munich, Germany

    It is widely recognized that a cost-efficient way to achieve the climate targets of the Paris agreement requires investment in carbon capture and storage (CCS). However, to trigger sizeable investment in CCS the carbon price must exceed the historic... more

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    It is widely recognized that a cost-efficient way to achieve the climate targets of the Paris agreement requires investment in carbon capture and storage (CCS). However, to trigger sizeable investment in CCS the carbon price must exceed the historic carbon prices. This paper examines whether a higher price of carbon enhances competition of storage services and thus leads to lower costs of CCS. Using a Hotellling model with two storage sites, each being located at each end of the Hotelling line, we show that there are three alternative competition regimes. The level of the carbon tax determines which regime materializes. For “low” carbon taxes, there is no competition between the two storage firms. For “high” carbon taxes, there is standard Bertrand competition between the two storage firms. Finally, for “intermediate” carbon taxes, there is so called partial competition with multiple equilibria. Contrary to the standard conclusion on competition, we find that when each storage site is imposed to charge the same price for all its clients, the price under monopoly is lower than under partial competition. We offer several extensions of the model as well as numerical illustrations. With our reference parameter values and a carbon tax sufficiently high to reach the Paris targets, we find that we may end in a partial competition regime.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/296141
    Series: CESifo working papers ; 11052 (2024)
    Subjects: Hotelling line; kinked demand curve; duopoly; multiple equilibria; emission tax; carbon capture and storage
    Scope: 1 Online-Ressource (circa 65 Seiten), Illustrationen
  7. Vertical product differentiation, prominence, and costly search
    Author: Rozzi, Roberto; Schmitt, Stefanie Y.
    Published: [2024]
    Publisher:  Bamberg Economic Research Group, Bamberg University, Bamberg

    In many markets, firms offering low-quality goods are more prominent than firms offering high-quality goods. Then, consumers are perfectly informed about the good of the prominent low-quality firm but incur search costs to bring the high-quality good... more

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    In many markets, firms offering low-quality goods are more prominent than firms offering high-quality goods. Then, consumers are perfectly informed about the good of the prominent low-quality firm but incur search costs to bring the high-quality good of a competitor to mind. We analyze under which circumstances the less-prominent firm has an incentive to invest in high quality. We investigate two scenarios: (i) homogeneous and (ii) heterogeneous search costs. If search costs are homogeneous, the less-prominent firm produces highquality goods for sufficiently low search costs, and an increase in search costs reduces the range of values for which the less-prominent firm invests in high quality. In contrast, if search costs are heterogeneous, the less-prominent firm produces high-quality goods for sufficiently high search cost heterogeneity, and an increase in average search costs expands the range of values for which the less-prominent firm invests in high quality.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9783949224119
    Other identifier:
    hdl: 10419/283000
    Series: BERG working paper series ; no. 190 (January 2024)
    Subjects: consideration sets; duopoly; prominence; search costs; vertical product differentiation
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  8. Increasing dominance - the role of advertising, pricing and product design
    Author: Kretschmer, Tobias; Rösner, Mariana
    Published: 2010
    Publisher:  Fakultät für Betriebswirtschaft, Ludwig-Maximilians-Universität München, München

    Despite the empirical relevance of advertising strategies in concentrated markets, the economics literature is largely silent on the effect of persuasive advertising strategies on pricing, market structure and increasing (or decreasing) dominance. In... more

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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Despite the empirical relevance of advertising strategies in concentrated markets, the economics literature is largely silent on the effect of persuasive advertising strategies on pricing, market structure and increasing (or decreasing) dominance. In a simple model of persuasive advertising and pricing with differentiated goods, we analyze the interdependencies between ex-ante asymmetries in consumer appeal, advertising and prices. Products with larger initial appeal to consumers will be advertised more heavily but priced at a higher level - that is, advertising and price discounts are strategic substitutes for products with asymmetric initial appeal. We find that the escalating effect of advertising dominates the moderating effect of pricing so that post-competition market shares are more asymmetric than pre-competition differences in consumer appeal. We further find that collusive advertising (but competitive pricing) generates the same market outcomes, and that network effects lead to even more extreme market outcomes, both directly and via the effect on advertising.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/104518
    Series: Array ; 2010-02
    Subjects: Werbung; Mark-up Pricing; Produktgestaltung; Duopol; Netzwerkökonomik; Increasing dominance; persuasive advertising; duopoly; network effects
    Scope: Online-Ressource (32 S.)
  9. The effect of entertainment in newspaper and television news coverage
    Author: Greiner, Tanja
    Published: 2010
    Publisher:  Univ., Volkswirtschaftl. Fak., München

    In this paper, we analyze the equilibrium amount of entertainment in news coverage of newspapers and television stations. We find that a shift in the inclination to read, expressed by a shift in the (psychological) distance costs, induces both media... more

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    In this paper, we analyze the equilibrium amount of entertainment in news coverage of newspapers and television stations. We find that a shift in the inclination to read, expressed by a shift in the (psychological) distance costs, induces both media outlets to incorporate more entertaining elements in news coverage. The introduction of commercial television, however, which leads to a unilateral fall in the distance costs to the television broadcast, yields different results. It induces a negative effect on the profits of both media outlets, and increases price competition. Furthermore, the newspaper offers less while the television channel offers more entertainment. Overall, this leads to a marginalization of informational content, as the television channel gains market shares at the expense of the newspaper.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/104318
    Series: Münchener wirtschaftswissenschaftliche Beiträge ; 2010-28
    Subjects: Zeitung; Fernsehen; Duopol; Produktdifferenzierung; Event-Marketing; Wettbewerb; Mediennutzung; Medienökonomik; Industrieökonomik; Theorie; media economics; industrial organization; media bias; horizontal product differentiation; duopoly
    Scope: Online-Ressource (22 S.), Ill.
  10. Competition and innovation in a technology setting software duopoly
    Author: Bitzer, Jürgen; Schröder, Philipp J. H.
    Published: 2003
    Publisher:  DIW, Berlin

  11. Social learning and delay in a dynamic model of price competition
    Author: Aoyagi, Masaki; Bhallay, Manaswini; Gunayz, Hikmet
    Published: 2014
    Publisher:  Inst. of Social and Economic Research, Osaka

    This paper studies dynamic price competition over two periods between two firms selling differentiated durable goods to two buyers who are privately informed about their types, but have valuations of the two goods dependent on the other buyer's type.... more

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    This paper studies dynamic price competition over two periods between two firms selling differentiated durable goods to two buyers who are privately informed about their types, but have valuations of the two goods dependent on the other buyer's type. The firms' pricing strategy in period 1 must take into account the buyers' incentive to wait and learn from the other buyer's decision. We construct an equilibrium based on the key observation that the expected price of either good in period 2 is the same as its price in period 1 on and off the path of play. The equilibrium is shown to be non-preemptive in the sense that even if either firm fails to make a sale in period 1, it still makes a sale with positive probability in period 2. A characterization of the equilibrium is given in terms of the probability of delay as a function of the degree of interdependence between the two buyers.

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/127111
    Series: Discussion paper / Institute of Social and Economic Research ; 909
    Subjects: dynamic pricing; delay; social learning; duopoly; product differentiation; durable good; preemption; revenue management
    Scope: Online-Ressource (43 S.), graph. Darst.
  12. Quasi-rational R&D behavior in an environment with fundamental uncertainty
    Author: Dimmig, Anne-Kathrin; Erlei, Mathias
    Published: 2012
    Publisher:  Techn. Univ., Clausthal-Zellerfeld

    The objective of our paper is to study R&D investments and pricing behavior in an environment with fundamental uncertainty. We designed a multi-period experiment in which each period consisted of two stages, an R&D phase and a pricing stage.... more

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    The objective of our paper is to study R&D investments and pricing behavior in an environment with fundamental uncertainty. We designed a multi-period experiment in which each period consisted of two stages, an R&D phase and a pricing stage. Participants in the experiment had almost no information about the underlying functions, parameters, and probabilities. Subjects' behavior in the fundamentally uncertain environment of our experiment may best be characterized as some kind of procedural rationality which we call quasi-rationality. Pricing decisions are particularly close to equilibrium values. Although we do find some hints of the existence of behavioral effects in R&D decisions, only reinforcement effects are significant across both treatments and different model specifications. The introduction of patents has only a minor impact on R&D behavior. Overall, subjects learn to adapt remarkably well to a rather complex and fundamentally uncertain environment.

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/107449
    Edition: First Version: August 2012
    Series: TUC working papers in economics ; 8
    Subjects: bounded rationality; duopoly; innovation; experiment; R&D competition
    Scope: Online-Ressource (21 S.), graph. Darst.