On the equivalence of quantity competition and supply function competition with sunk costs

Competition in Banking: Exogenous or Endogenous Sunk Costs?

Testing the theory of Sutton (1991), this paper presents empirical evidence consistent with the predictions of the endogenous sunk cost model of competition, with an application to banks. In particular, banking markets remain concentrated regardless of market size. Given an asymmetric oligopoly where dominant and fringe firms coexist, the number of dominant banks remains unchanged with market s...

"^-^^-^-^ Overview and Quantity Competition with Large Fixed Costs

Quality and Quantity Competition

Impact of government’s policies on competition of two closed-loop and regular supply chains

With progressing technologies and new features of production, new products compete with older ones in markets. Indeed, new products initiate contest with olden ones and this process repeats in different productions lifetime several times. In this situation recycling the olden products seems to be significant for supply chains. Governments often levy special tariffs for these products as a contr...

Price-quantity competition with varying toughness

For an industry producing a single homogeneous good, we define and characterize the concept of oligopolistic equilibrium, allowing for a parameterized continuum of regimes with varying competitive toughness. This parameterization will appear to be equivalent to the one used in the empirical literature. The Cournot and the competitive outcomes coincide, respectively, with the softest and the tou...