Results 41 to 50 of about 21,036 (193)
Why is competition in the European football market failing, and what should be done about it?
Abstract The European football (soccer) market increasingly funnels rents to superstar players and intermediaries while weakening competitive balance. We trace this dynamic to two forces: (a) technological innovation that globalised broadcasting and magnified superstar returns, and (b) legal rulings boosting player mobility and causing bidding wars ...
Magnus Henrekson, Lars Persson
wiley +1 more source
Pairwise Imitation and Tournament Graphs
ABSTRACT This paper investigates strategic dynamics under the behavioral rule of pairwise interact and imitate (PII), which requires minimal information and emphasizes outperforming opponents in pairwise interactions. We characterize PII using weak tournament graphs and, for a broad class of dynamics, establish a one‐shot stability result for ...
Sung‐Ha Hwang +3 more
wiley +1 more source
We Value Your Privacy: Behavior‐Based Pricing Under Endogenous Privacy
ABSTRACT We study a duopoly model of behavior‐based pricing in which consumers can either disclose or hide their data. We contrast two data policies. Under an open data policy, disclosed data is shared with all firms. In the unique equilibrium, all consumers disclose, and firms price discriminate, leading to welfare losses from inefficient poaching ...
Friederike Heiny +2 more
wiley +1 more source
Do carbon prices affect stock prices?
Abstract We explore how carbon pricing affects corporate financial performance during Phase 3 of the European Union Emissions Trading Scheme (EU ETS). We find that the relationship between carbon prices and stock prices depends critically on the proportion of verified emissions covered by freely allocated ETS allowances: For firms with a greater ...
Patrick Bolton +2 more
wiley +1 more source
Computing equilibria of Cournot oligopoly models with mixed-integer quantities [PDF]
We consider Cournot oligopoly models in which some variables represent indivisible quantities. These models can be addressed by computing equilibria of Nash equilibrium problems in which the players solve mixed-integer nonlinear problems.
Sagratella, Simone
core +1 more source
The Optimal Bribe: Price Versus Quantity Competition in Oligopolies
ABSTRACT We analyze an entry deterrence model between an incumbent firm and a potential entrant, where the incumbent strategically offers bribes to local officials to raise entry barriers. Our focus is a three‐stage Bertrand game under incomplete information in a differentiated goods market.
Vishavdeep Sharma +1 more
wiley +1 more source
Blockchain for the Arts and Humanities
ABSTRACT As born‐digital cultural materials proliferate, the arts and humanities require infrastructures that guarantee provenance, authenticity, and equitable access. This paper delivers a comprehensive, critical survey of blockchain's potential and limits across the sector.
James O'Sullivan
wiley +1 more source
ABSTRACT This study examines endogenous choices of competition strategies in a vertically related mixed market in which an integrated public firm and a downstream firm, subject to forward passive ownership (FPO) by an input supplier, may engage in R&D investment.
Lili Xu, Yidan Zhang, Sang‐Ho Lee
wiley +1 more source
ABSTRACTThis paper analyzes how the foreign penetration affects China’s environment policy in a mixed oligopoly framework, and gets several interesting conclusions. First, our result shows that government should strengthen the degree of environmental policy along with increasing proportion of domestic ownership of multinational firms.
Qin Yang, Wenyuan Sun, Hongjin Xiang
openaire +1 more source
Entry Deterrence, Macroeconomic Equilibria and Pro‐Competitive Policies
ABSTRACT This paper achieves a macroeconomic equilibrium which is microfounded on an oligopolistic entry deterrence game à la Dixit‐Spence. This equilibrium has implications for pro‐competitive policies which differ from those obtained by models based on a monopolistic competition framework: (i) positive effects on employment and real wage of a policy ...
Claudio De Vincenti
wiley +1 more source

