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| Author | : Jonathan H. Hamilton |
| Publisher | : |
| Total Pages | : 21 |
| Release | : 1990 |
| Genre | : Price discrimination |
| ISBN | : |
| Author | : Matthias Hunold |
| Publisher | : |
| Total Pages | : |
| Release | : 2019 |
| Genre | : |
| ISBN | : |
We characterize mixed-strategy equilibria when capacity constrained suppliers can charge location-based prices to different customers. We establish an equilibrium with prices that weakly increase in the costs of supplying a customer. Despite prices above costs and excess capacities, each supplier exclusively serves its home market in equilibrium. Competition yields volatile market shares and an inefficient allocation of customers to firms. Even ex-post cross-supplies may restore efficiency only partly. We show that consumers may benefit from price discrimination whereas the the firms make the same profits as with uniform pricing. We use our findings to discuss recent competition policy cases and provide hints for a more refined coordinated-effects analysis.
| Author | : Melvin L. Greenhut |
| Publisher | : Durham, N.C. : Duke University Press |
| Total Pages | : 284 |
| Release | : 1975 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Barnali Gupta |
| Publisher | : |
| Total Pages | : 176 |
| Release | : 1990 |
| Genre | : Economics |
| ISBN | : |
| Author | : George Norman |
| Publisher | : |
| Total Pages | : |
| Release | : 1981 |
| Genre | : Human engineering |
| ISBN | : |
| Author | : George Norman |
| Publisher | : |
| Total Pages | : 25 |
| Release | : 1979 |
| Genre | : Competition |
| ISBN | : |
| Author | : Ian Yihang Zhu |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2018 |
| Genre | : |
| ISBN | : |
In this thesis, we examine the relationship between the equilibrium prices of spatially separated market participants and the transportation network that connects them; we focus in particular on isolating the effect that the transportation network can have on price integration. We first find that certain network structures and link costs can guarantee a bound on price differences between spatially separated participants when there are no capacity constraints. We extend this analysis to the case when there are binding transportation constraints, and generalize the effects of the transportation network on price integration using a time series decomposition. We then develop an empirical methodology, termed the submarket detection method (SDM), which can be used to infer when binding transportation constraints exist by analyzing regional pricing data from a competitive market, and conclude by using the SDM in a case study of the US gasoline market.
| Author | : Raymond Deneckere |
| Publisher | : |
| Total Pages | : 94 |
| Release | : 1989 |
| Genre | : Competition |
| ISBN | : |
| Author | : Chao-shun Hung |
| Publisher | : |
| Total Pages | : 354 |
| Release | : 1982 |
| Genre | : Economics |
| ISBN | : |
| Author | : Jonathan Vogel |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2009 |
| Genre | : Price discrimination |
| ISBN | : |
In this paper we present and solve a three-stage game of entry, location, and pricing in a spatial price discrimination framework with arbitrarily many heterogeneous firms. We provide a unique characterization of all pure undominated strategy SPNE without imposing restrictions on the distribution of marginal costs or the allocation of transportation costs between firms and consumers.
