Sensitivity analysis of markup equilibria in complementary markets
Sensitivity-analysis-of-markup-equilibria-in-complementary-markets.pdf (410.4Kb)Abstract
We study the competitive structure of a market in which firms compete to provide various products
within a bundle. Firms adopt price functions proportional to their per-unit costs by selecting markups.
We consider two measures reflecting, respectively, the intensity of direct competition and the impact of
complementarity on each producer’s markup. We characterize the sensitivity of these terms to various
changes in the market structure and relate this to changes in producer profits and the social efficiency of the market.
General note
Artículo de publicación ISI
Patrocinador
This research was partially funded by the Instituto Sistemas
Complejos de Ingeniería at Universidad de Chile, by the Center
for International Business Education and Research at Columbia
University, by CONICET Argentina Grant PIP 112-201201-00450CO
and by FONCYT Argentina Grant PICT 2012-1324.
Identifier
URI: https://repositorio.uchile.cl/handle/2250/126793
DOI: dx.doi.org/10.1016/j.orl.2014.01.006
Quote Item
Operations Research Letters 42 (2014) 173–179
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