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Equilibrium with arbitrary market structure [PDF]

open access: possibleEconomic Theory, 2005
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Grodal, Birgit, Vind, Karl
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Market Structure and Market Value

The Journal of Business, 1985
While the use of market models to determine the sources of economic profits is quite new, at least two empirical studies considering the market structure and market value relation have appeared to date. Interestingly, they conflict. Thomadakis (1977) found a close positive relation between the four-firm concentration ratio and relative excess valuation,
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Market structure and information in payment card markets

International Journal of Automation and Computing, 2010
This paper investigates the market structure of the payment card market with consumers and merchants basing their subscription decisions on various information sets.We find that the market structure depends crucially on this information set, where we observe that a market with few cards dominating only emerges when decisions are based on very limited ...
Biliana Alexandrova-Kabadjova   +2 more
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