Sensitivity analysis of markup equilibria in complementary markets
Author
dc.contributor.author
Correa Haeussler, José
Author
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Lederman, Roger
es_CL
Author
dc.contributor.author
Stier Moses, Nicolás E.
es_CL
Admission date
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2014-12-24T01:19:37Z
Available date
dc.date.available
2014-12-24T01:19:37Z
Publication date
dc.date.issued
2014
Cita de ítem
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Operations Research Letters 42 (2014) 173–179
en_US
Identifier
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dx.doi.org/10.1016/j.orl.2014.01.006
Identifier
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https://repositorio.uchile.cl/handle/2250/126793
General note
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Artículo de publicación ISI
en_US
Abstract
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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.
en_US
Patrocinador
dc.description.sponsorship
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.