منابع مشابه
Differences in Dynamic Brand Competition Across Markets: An Empirical Analysis
W investigate differences in the dynamics of marketing decisions across geographic markets empirically. We begin with a linear-quadratic game involving forward-looking firms competing on prices and advertising. Based on the corresponding Markov perfect equilibrium, we propose estimable econometric equations for demand and marketing policy. Our model allows us to measure empirically the strategi...
متن کاملDynamic Competition in Electricity Markets: Hydropower and Thermal Generation
We study dynamic duopolistic competition between hydro and thermal generators under demand uncertainty. Producers compete in quantities and each is constrained: the thermal generator by capacity and the hydro generator by water availability. Two versions of the model are analysed: an infinite-horizon game emphasizing water withholding incentives of the hydro generator and the distribution of pr...
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 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: The RAND Journal of Economics
سال: 2020
ISSN: 0741-6261,1756-2171
DOI: 10.1111/1756-2171.12318