منابع مشابه
Liquid Markets and Competition*
A market is liquid if no individual’s actions have a big effect on the prices of goods traded in that market. Perfectly competitive markets are therefore perfectly liquid. It is well known that market liquidity can be achieved by increasing the number of traders so that individual trades are small compared to total trades. We show that even when there are only few traders, market liquidity can ...
متن کاملCompetition in Corruptible Markets
Firms seeking business opportunities often face corruptible agents in many markets. This paper investigates the marketing strategy implications for firms competing for business, and for the buyer in a corruptible market. We consider a setting in which a buyer (a firm or government) seeks to purchase a good through a corruptible agent. Supplier firms that may or may not be a good fit compete to ...
متن کاملActual Competition, Potential Competition, and Bank Profitability in Rural Markets
The nature of the relationship between the structure of the market in which banks operate-the number and size distribution of actual competitors in a market-and their performance has been examined in a considerable number of empirical studies over the past 20 years.' Industrial organization economists have investigated the structure; performance relationship for a wide variet). of intraand inte...
متن کاملImperfect Competition in Selection Markets∗
Standard policies to correct market power and selection can be misguided when these two forces co-exist. Using a calibrated model of employer-sponsored health insurance, we show that the risk adjustment commonly used by employers to offset adverse selection often reduces the amount of high-quality coverage and thus social surplus. Conversely, in a model of subprime auto lending calibrated to Ei...
متن کاملCompetition Remedies in Consumer Markets
When competition occurs in a market, firms strive to attract business by meeting the needs of consumers more effectively than their competitors. This is mutually beneficial to consumers and firms. Competition provides consumers with low prices, high quality, wide variety, and innovative products. Firms are rewarded with more business and higher profits, presuming they provide better goods and s...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Academy of Management Proceedings
سال: 2019
ISSN: 0065-0668,2151-6561
DOI: 10.5465/ambpp.2019.15208abstract