Understanding Price Controls and Nonprice Competition with Matching Theory
نویسندگان
چکیده
منابع مشابه
Understanding Price Controls and Nonprice Competition with Matching Theory
Price controls are one of the most common forms of market intervention by regulatory authorities. Price setting was a central duty of the Civil Aeronautics Board until the Airline Deregulation Act of 1978. The Dairy Price Support Program sets a minimum price for milk and other dairy products in the United States. Price caps for pharmaceutical drugs are a pervasive form of government interventio...
متن کاملCoordinating Channels Under Price and Nonprice Competition
This paper analyzes how manufacturers should coordinate distribution channels when retailers compete in price as well as important nonprice factors such as the provision of product information, free repair, faster check-out, or after-sales service. Differentiation among retailers in price and nonprice service factors is a central feature of markets ranging from automobiles and appliances to gas...
متن کاملMatching and Price Competition: Comment
The theory of two-sided matching markets has interested researchers for its theoretical appeal and relevance to real-life applications. The matching of medical residents and hospitals in the United States has been studied extensively by Alvin E. Roth (1984) and others. The National Resident Matching Program (NRMP), the matching authority in the US hospital-resident matching market, runs a centr...
متن کاملMatching and Price Competition: Comment
We relax the assumption of symmetric linear costs in B&L’s (2006) “Matching and Price Competition” and compare the pricing equilibrium that results to the firmoptimal competitive equilibrium. With linear and asymmetric costs, competition may not be localized in the pricing equilibrium, but all other qualitative comparisons of B&L (2006) hold. With non-linear and symmetric costs workers’ average...
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: American Economic Review
سال: 2012
ISSN: 0002-8282
DOI: 10.1257/aer.102.3.371