Investments in brand, and third-party information, provide alternative methods for convincing potential customers that vendors will deliver as promised.
Estimating market power is often complicated by a lack of reliable marginal cost data.
This paper quantifies the degree of market power in the German wholesale electricity market. A dispatch model simulates competitive marginal costs.
This paper analyses the issue of parallel trade (arbitrage) for products protected by intellectual property rights.
Under network effects, we analyze when a firm with the largest market share of installed-base customers prefers incompatibility with smaller rivals that are themselves compatible.
We propose a new location model where consumers are allowed to make multiple purchases (i.e., one unit from each firm). This model may fit many markets (e.g.