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1.
Makoto Yano 《Economic Theory》2006,29(2):395-414
This study builds a game of Bertrand-like price competition in a market with free entry. Under the assumption of a standard U-shaped average cost curve, it demonstrates that even if the number of sellers is small, a long-run competitive outcome can be supported as a Nash equilibrium. This game provides unifying treatments to the standard Bertrand equilibrium, the long-run competitive outcome, Demsetz’s equilibrium as well as other types of equilibria that have not been known in the existing literature.This paper is dedicated to Professor Mukul Majumdar to celebrate his sixtieth birthday. I am deeply indebted to Mukul for his generosity and kindness towards me throughout my career. I am also grateful to Tapan Mitra and anonymous referees for their very useful comments and suggestions in the revision and to Fumio Dei, Jim Friedman, Koji Ishibashi, Atsushi Kajii, Takashi Kamihigashi, Kunio Kawamata, Kei-ichi Koda, Takashi Negishi, Michihiro Ohyama, Santanu Roy, and Yoshimasa Shirai for useful conversations and correspondence and, in particular, Motonari Kurasawa, who drew to my attention Demsetz’s work. 相似文献
2.
我国航空运输服务业的市场结构及价格竞争策略分析 总被引:1,自引:0,他引:1
我国航空运输服务业从宏观上分析具有寡头垄断的市场结构特点,从航线运营的角度分析却具有垄断竞争的特点,因此我国航空运输服务市场还处在重要的发展变革阶段。在我国空运市场特定的经济环境下,旅客的购买决策受到多种因素的影响,航空公司的价格竞争主要表现为不同价格的子舱位数量的决策,并且具有复杂的价格体系。在同一航线上经营的不同企业一方面要针对价格需求弹性大和时间需求弹性大的旅客采取强硬的价格竞争策略;另一方面也要注重差异化价格竞争策略, 避免恶性竞争的发生。 相似文献
3.
This paper attempts to develop a theoretical framework to investigate the competitive implications of quality choices of financial institutions whereby they charge prices to consumers based on their willingness to pay for the service qualities in the mixed market scenario under vertical product differentiation model. Initially, it analyzes benchmark equilibrium solutions of monopoly and duopoly to establish the degree of quality differentiation between two private banks in an uncover market configuration. Further, it estimates the quality differentiation between private and public banks, and examines the interaction between two market structures keeping public bank as both leader and follower, and then measures the social welfare from different prospectives. The explicit operation of two stages Nash equilibrium game forecasted that public banks' monopoly seems to be still better than a private banking, and it is socially optimal. The outcome demonstrates a significant importance of vertical quality differentiation for policy implication in banking industry and provides an insight on the reasons of particular co-existence of public and private banking services in the specified location. In this context, it is concluded that the presence of public banks in banking industries is a crucial condition for obtaining the higher range of social welfare. 相似文献
4.
国外电信行业规制改革比较及启示 总被引:3,自引:0,他引:3
国外电信行业规制的演变表明,行业规制作为一种制度安排,对电信企业行为和绩效有着十分重要的影响;电信行业的网络经济特性、全域生产方式总是与多元化独立运营主体之间存在着矛盾,这种矛盾是竞争条件下电信规制存在的依据;电信规制制度的变迁的最终决定力量来自产业内部;目前国际电信行业尤其是美国电信业陷入困境的根本原因在于,此前的改革在某种程度上违反了电信行业发展的规律。 相似文献
5.
Price and quantity competition under free entry 总被引:1,自引:0,他引:1
This paper complements that of Cellini et al. (Cellini, R., Lambertini, L., Ottaviano, G. I. P., 2004. Welfare in a differentiated oligopoly with free entry: A cautionary note. Research in Economics, 58:125–33.), which shows that Cournot competition may generate higher welfare compared to Bertrand competition in an economy with free entry. Unlike them, we provide a more general proof for this result and show that Cournot competition generates higher welfare compared to Bertrand competition when the products are sufficiently differentiated. If the products are close substitutes, welfare is higher under Bertrand competition. We show that these qualitative results hold whether or not number of varieties increases market size. We also show when the active firms earn higher profits under Bertrand competition compared to Cournot competition. 相似文献
6.
文章利用中国制造行业的面板数据,分析贸易开放对我国国内行业成本加成的影响。回归结果表明,市场竞争与国际贸易是影响我国制造行业成本加成的重要因素。进口贸易在高竞争性行业对成本加成具有正向的促进效应,而在低竞争性行业具有相反的效应;出口贸易对国内行业的成本加成具有显著的正向促进效应。 相似文献
7.
张仲芳 《生态经济(学术版)》2008,(1):53-57
构建有效的排污权价格形成与运行机制是排污权交易制度建设的关键环节。本文分析了排污权的初始分配机制以及不同市场条件下排污权交易的价格形成机制。在完全竞争市场条件下,排污权的市场价格等于各企业的边际治理成本。经济增长、污染治理技术进步、政府环境目标以及预期因素等将对排污权价格变动产生影响。在不完全竞争条件下,市场势力和交易费用的存在降低了排污权价格机制的效率。文章最后提出了优化排污权价格形成和运行机制的政策建议。 相似文献
8.
We consider an infinitely repeated oligopoly in which at each period firms not only serve the spot market by either competing in prices or quantities but also have the opportunity to trade forward contracts. Contrary to the pro-competitive results of finite-horizon models, we find that the possibility of forward trading allows firms to sustain collusive profits that otherwise would not be possible to achieve. The result holds both for price and quantity competition and follows because (collusive) contracting of future sales is more effective in deterring deviations from the collusive plan than inducing the previously identified pro-competitive effects. 相似文献
9.
Dongmin Yao Pengyuan Zhang Xiaoyu Meng 《Annals of Public and Cooperative Economics》2023,94(2):631-658
To eliminate poverty, government intervention is critical for addressing uncovered markets. To assess how this can be done effectively, this study constructs a two-firm model with government intervention. The study focuses on the preconditions, methods, and effects of different government intervention strategies. There are three main findings. (1) When consumer income levels fall below a certain threshold, an uncovered market segment is created, and government intervention should be introduced. (2) Government intervention strategies can be divided into subsidy-type, production-type and mixed-type, and each type achieves a different level of consumer surplus. Given a level of consumer surplus, the optimal strategy is affected by production costs. (3) For production-type and mixed-type intervention strategies, when the market is covered, lower intervention costs can achieve higher consumer surplus if government production costs are low. Furthermore, the optimal subsidy-type intervention strategy varies with the changes in product quality if relaxing the precondition of market coverage. 相似文献
10.
In this paper, we empirically show that a more intensive use and wider adoption of telecommunication technologies significantly increases the level of product market competition in services and goods markets. Our results are consistent with the view that the use of telecommunication technologies can lower the costs of entry and search. These findings are robust to various measures of competition and a wide range of specification checks. 相似文献
11.
We analyse competition between two network providers when the quality of each network depends negatively on the number of
customers connected to that network. With respect to price competition we provide a sufficient condition for the existence
of a unique pure strategy Nash equilibrium. Comparative statics show that as the congestion effect gets stronger quantities
will decrease and prices increase, under both Bertrand and Cournot competition. In an example with endogenous capacities it
turns out that equilibrium capacities are at first increasing and then decreasing in the strength of congestion. Furthermore,
capacities are higher under Cournot competition. Welfare comparisons between Bertrand and Cournot competition are unambiguous
for fixed capacities, but may turn around for endogenous capacities. 相似文献
12.
This paper shows that unit taxation can be welfare superior to ad valorem taxation in asymmetric and differentiated oligopolies
if the goods are sufficiently differentiated, the cost variance is sufficiently large and the ad valorem tax rate is sufficiently
high. Moreover, this result holds under either Cournot competition or Bertrand competition.
相似文献
13.
中国电信业改革取得了重大成就。从企业的一般属性和电信产业的特殊性进行分析,中国电信业实施重组有其必然性,重组应从构建有效竞争格局、促进资源合理配置和加强有效管制等方面进行考虑。 相似文献
14.
Chun-Hui Miao 《European Economic Review》2010,54(7):931-946
In this paper, I show that the standard Bertrand competition argument does not apply when firms compete for myopic consumers who optimize period-by-period. I develop the model in the context of aftermarket. With overlapping-generations of consumers, simultaneous product offerings in the primary market and aftermarket establishes a price floor for the primary good. This constraint prevents aftermarket rents from being dissipated by the primary market competition. Duopoly firms earn positive profits despite price competition with undifferentiated products. Nonetheless, government interventions to reinforce aftermarket competition such as a standardization requirement may lead to the partial collapse of the primary market. 相似文献
15.
Jürgen Meckl 《Journal of Economics》1996,63(1):57-77
This paper explores the potential of firms to restrict industry outputs (market power) in oligopolistically organized markets where domestic firms compete with foreign ones. Within a stochastic price-setting supergame framework, market power is shown to be lower in general with flexible exchange rates for the following reasons. (i) The conditions that the fully collusive outcome—oligopolists maximizing joint profits — is sustainable in equilibrium become stronger if the exchange rate fluctuates, provided that fluctuations are sufficiently small. (ii) Even if full collusion can be sustained, industry outputs will be higher on the average with flexible than with fixed exchange rates. 相似文献
16.
文章在李嘉图理论模型的框架下讨论了两国企业的最优定价策略,在此基础上分析了汇率传递效应。研究表明,汇率传递效应具有某种突变性,其突变的边界条件依赖于两国市场需求特征、贸易摩擦与两国企业的边际成本。 相似文献
17.
考虑港口的收费管制因素,建立了进出口贸易竞争模型。该模型由一个出口国和两个进口国组成,且各国都拥有一个港口,位于出口国的两家公司均向两个进口国销售商品,并在各个进口国展开市场竞争(古诺竞争或伯川德竞争),各贸易国的港口根据其是否存在价格管制确定港口收费。针对进出口公司的每种竞争模式,得到了不同的港口收费管制组合下各贸易国的港口收费、港口利润和社会福利,并将竞争均衡结果进行了比较。研究发现: (1)在进出口公司古诺竞争模式下,若三个贸易国的港口都无收费管制(有收费管制)且进出口产品的差异较大 (小)时,各贸易国的社会福利和港口利润均更高; (2)在进出口公司伯川德竞争模式下,若进出口产品的差异较大 (小),则出口国的港口利润主要取决于港口收费 (贸易量),而进口国恰好相反; (3)当进出口产品的差异较大 (小)时,进出口公司在古诺 (伯川德)竞争模式下各贸易国的社会福利、港口利润以及港口使用费都更高。 相似文献
18.
Andreas Ortmann 《The Journal of economic education》2013,44(1):21-26
The author presents a brief classroom demonstration illustrating Bertrand price undercutting. The demonstration is appropriate for micro principles and intermediate- and upper-level undergraduate classes, as well as graduate classes in micro, industrial organization, and game theory. 相似文献
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20.
从市场整合和市场边际两个方面评述了国内外农产品市场价格关系研究。首先介绍了空间分离市场均衡理论以及农产品市场价格关系研究的分析框架,然后评述了国内外市场整合和市场边际研究的进程,重点介绍了计量模型的发展与应用,指出供应链体系的市场整合和非对称性价格传递是现阶段的研究热点。最后提出要注意模型选择与数据可获得性等问题对研究结论的影响。 相似文献