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All-Pay Competition with Captive Consumers

We study a game in which two firms compete in quality to serve a market consisting of consumers with different initial consideration sets. If both firms invest below a certain quality threshold, they only compete for those consumers already aware of their existence. Above this threshold, a firm is visible to all and the highest quality attracts all consumers. In equilibrium, firms do not choose their ...

Lancaster: Lancaster University Management School, 2019, 31 S.
(Economics Working Paper Series ; 18)
| Renaud Foucart, Jana Friedrichsen

Eating Meat 2019 - Determinants, consequences and interventions

The goal of this workshop is to bring together scholars from the social sciences working on the various aspects of human consumption of animal products. We want to engage in a discussion about what we know and do not know about the consumption of meat and dairy, its economic and environmental consequences, as well as possible ways to design effective interventions. Topics include, but are not...

Brown Bag Seminar Cluster Industrial Economics

The effect of a leniency rule on cartel formation and stability: experiments with open communication

26.04.2019| Jana Friedrichsen
Brown Bag Seminar Cluster Industrial Economics

M&A and innovation in the pharmaceutical industry

10.05.2019| Jan Malek
Brown Bag Seminar Cluster Industrial Economics

Financial Markets, Common Ownership and Product Market Outcomes

10.05.2019| Jo Seldeslachts
Brown Bag Seminar Cluster Industrial Economics

Effectiveness of State Aid - Retrospective Evaluation of the EC Regional Aid Framework

07.06.2019| Joanna Piechucka
Diskussionspapiere 1783 / 2019

Where Does the Fairtrade Money Go? How Much Consumers Pay Extra for Fairtrade Coffee and How This Value Is Split along the Value Chain

Fairtrade certification aims at transferring wealth from the consumer to the farmer; however, coffee passes through many hands before reaching final consumers. Bringing together retail, wholesale, and stock market data, this study estimates how much more consumers are paying for Fairtrade-certified coffee in US supermarkets and finds estimates around $1 per lb. I then assess how this price premium ...

2019| Helene Naegele
Brown Bag Seminar Cluster Industrial Economics

Identifying the profit weights of Common Ownership in the US non-alcoholic Beverage Industry

This is an online seminar using Webex. You will receive the login data with the invitation to the talk. Abstract:   Common ownership – the horizontal shareholdings of the same institutional investors in at least two firms of an industry- is an increasing global phenomenon. It is a hot topic in industrial organization and competition policy. The Common Ownership Hypothesis...

10.07.2020| Christina Stadler
Brown Bag Seminar Cluster Industrial Economics

Evaluation of Bidding Groups in First-price Auctions

Abstract: In this paper, we analyze bidding groups that participate in procurement auctions. Our main question is to ask, whether in the absence of the joint bid, there could have been two or more independent bids and if yes, these bids yield a different final outcome. We utilize data from the Austrian construction sector and estimate models of first-price sealed-bid auctions with endogenous entry...

11.10.2019| Christine Zulehner, University of Vienna
Brown Bag Seminar Cluster Industrial Economics

Incumbency Advantage: Theory and Possible Applications

Joanna and Christoph will do a joint IOBB to exchange ideas on a possible project on incumbency advantage and mergers in procurement auctions. In the first part of the seminar, they will discuss possible theoreotical explanations and consequences of incumbency advantage. This will open the floor for discussion on how data from procurement auctions in the French urban transport industry can be...

01.11.2019| Christoph Wolf, Bocconi University, Joanna Piechucka
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