Search results for "competition"
showing 10 items of 1409 documents
NASH EQUILIBRIA IN A MODEL OF MULTIPRODUCT PRICE COMPETITION: AN ASSIGNMENT PROBLEM
2003
We study the market interaction of a finite number of single-product firms and a representative buyer, where the buyer consumes bundles of these goods. The buyers' value function determines their willingness to pay for subsets of goods. We show that subgame perfect Nash-equilibrium outcomes are solutions of the linear relaxation of an integer programming assignment problem and that they always exits. The (subgame perfect) Nash-equilibrium price set is characterized by the Pareto frontier of the associated dual problem's projection on the firms' price vectors. We identify the Nash-equilibrium prices for monotonic buyers' value functions and, more importantly, we show that some central soluti…
Retail pricing decisions and product category competitive structure
2010
This study addresses the use of demand forecasting techniques by retailers to support their decision making. Specifically, the authors propose a pricing decision support model for retailers to estimate optimal prices, whose output depends on the configuration of a supporting measurement model. The measurement model is a demand function that relates sales and prices within the category; optimal prices are those whose effects on demand and retail margins maximize the category's profitability. This investigation focuses particularly on the role of competitive structure, such that the authors consider two types of price competition asymmetries for demand forecasting: those depending on the bran…
The Role of Consulting Services in Promoting Competitive Culture
2019
Maintaining a normal competitive environment on the market is the core objective of the competition authorities. Policies and regulations applied in pursuit of this purpose have the role of identifying and eliminating situations of constraint on free competition. The developing market of Moldova is characterized by a low level of the competitive culture. Therefore, the business community have few knowledge and understanding of competition policies and regulations, relatively new in this market. In other cases, the lack of cooperation with competition authorities leads to erroneous information and ineffective decisions. In this context, the consultancy in the field of competition presents o…
Quality and competition between public and private firms
2017
We study a multistage, quality-then-price game between a public firm and a private firm. The market consists of a set of consumers who have different quality valuations. The public firm aims to maximize social surplus, whereas the private firm maximizes profit. In the first stage, both firms simultaneously choose qualities. In the second stage, both firms simultaneously choose prices. Consumers’ quality valuations are drawn from a general distribution. Each firm's unit production cost is an increasing and convex function of quality. There are multiple equilibria. In some, the public firm chooses a low quality, and the private firm chooses a high quality. In others, the opposite is true. We …
Terrestrial carbon and intraspecific size-variation shape lake ecosystems
2007
Conceptual models of lake ecosystem structure and function have generally assumed that energy in pelagic systems is derived from in situ photosynthesis and that its use by higher trophic levels depends on the average properties of individuals in consumer populations.These views are challenged by evidence that allochthonous subsidies of organic carbon greatly influence energy mobilization and transfer and the trophic structure of pelagic food webs, and that size variation within consumer species has major ramifications for lake communitydynamics and structure. These discoveries represent conceptual shifts that have yet to be integrated into current views on lake ecosystems. Here, we assess k…
Attractiveness and Effectiveness of Competing Tourist Areas: A Study on Italian Provinces
2005
Tourism has become a wide-spread phenomenon in our age and a focal point of economic policy of many regions competing for the favours of tourists. Consequently, competitiveness of tourist destinations has received increasing interest in economic research with a view to the identification of the user attractiveness of a tourist area. The present paper is inspired by the conceptual competitiveness model developed by Crouch and Ritchie and presents an attempt to assess the relative attractiveness of tourist destinations on the basis of aggregate tourist strength of competing destinations. The main novelty of the present work is formed by the micro-based foundation of tourism attractiveness of …
Is tourism firm competitiveness driven by different internal or external specific factors?: New empirical evidence from Spain
2015
Abstract The quest to understand the multilevel antecedents of competitiveness has led to a separation of approaches. On one side of the question are the environment theories that analyze the structural characteristics of the general and competitive environment. On the other side are the Resource Based View and its extensions that highlight firm-specific resources and capabilities as the main basis of firms' competitiveness. However, in recent years the nature of competition and shifting economic conditions have given rise to new theoretical approaches that complement the assumptions underlying both environmental and firm theories. Specifically, this study contributes by examining the regio…
Sustainability and Competitiveness in the Tourism Industry and Tourist Destinations: A Bibliometric Study
2019
This article presents an analysis of the state of the art on the relationship between tourism, sustainability and competitiveness (TSC)
Transatlantic Trade Wars: The United States and the European Union in Endless Confrontation
2018
Considering two highly interlinked economies of such tremendous size as the United States (US) respectively the European Union (EU), it does not come as a surprise that these circumstances inevitably provide fertile soil for transatlantic trade disputes to thrive. In spite of their decisive contribution to the postwar trade liberalization process, the two giants never quit being protectionist in certain particular domains considered sensitive for one part or the other. Sensitive domains are those in which nations fear competition from abroad, in apprehension of being disruptive to their own economy. Usually sectors that are incapable of withstanding foreign competition, most often agricultu…
BRT in the Philippines: A Solution to Manila and Cebu Traffic Problems?
2019
Abstract Bus Rapid Transit (BRT), where buses run on dedicated roads at high frequency, almost in a metrorail manner, has been adopted as a backbone of urban mobility in the cities of many developing countries. Originally developed in South America (Curitiba, Brazil and Bogotá, Colombia), it has entered Asia with force, from Indonesia (Jakarta’s Transjakarta) to India and China. In the case of the Philippines, where intercity bus transportation is widely used due to the current lack of a railway network, city traffic, especially in Manila, is heavily congested, partly due to a high number of city buses running half-empty, the small proportion of road space relative to the vehicle population…