We analyse an oligopoly model incorporating horizontal differentiation and quality differences. High quality goods are overpriced and underproduced.
When a firm acquires rival firms in one market, and moves their capacity to another market, should antitrust authorities be concerned? We address this question by studying a multi-stage game.
This paper analyzes how the transition from mass to specialized advertising can affect the market outcomes.
An empirical analysis of Japanese government-sponsored R&D consortia involving 213 firms over 13 years shows that the diversity of a consortium is associated with greater R&D expenditure by pa
In spatial markets firms typically use either FOB (mill) or uniform delivered (UD) pricing. What competitive factors motivate this choice and what are the welfare implications of the choice?