Competition and Efficiency in Congested Markets
نویسندگان
چکیده
منابع مشابه
Competition and Efficiency in Congested Markets
We study the efficiency of oligopoly equilibria in congested markets. The motivating examples are the allocation of network flows in a communication network or of traffic in a transportation network. We show that increasing competition among oligopolists can reduce efficiency, measured as the difference between users’ willingness to pay and delay costs. We characterize a tight bound of 5/6 on e...
متن کاملPrice competition, free entry, and welfare in congested markets
Article history: Received 27 February 2012 Available online 4 November 2013 JEL classification: C72 D43 l13
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.676662