Price competition, free entry, and welfare in congested markets

DOI10.1016/J.GEB.2013.10.006zbMATH Open1284.91159OpenAlexW2028448336MaRDI QIDQ2437167FDOQ2437167

Authors: Emerson Melo 

Publication date: 3 March 2014

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.geb.2013.10.006

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• Competition and Efficiency in Congested Markets
• Price competition with elastic traffic
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zbMATH Keywords

dynamic programmingnetworksprice competitionwelfarediscrete choiceentry decisionscongested markets

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Special types of economic equilibria (91B52)

Cites Work

• Algorithmic Game Theory
• Title not available (Why is that?)
• On Partial Equilibrium in a Queuing System with Two Servers
• Title not available (Why is that?)
• Competition and outsourcing with scale economies
• Competition in Service Industries
• Service Competition with General Queueing Facilities
• Markovian traffic equilibrium
• Aggregation and Imperfect Competition: On the Existence of Equilibrium
• Investment and market structure in industries with congestion
• Competition and Efficiency in Congested Markets
• Bertrand Competition in Networks
• Oligopolistic Competition and the Optimal Provision of Products
• A network pricing game for selfish traffic
• Competition with congestible networks

Cited In (10)

• Competition and Efficiency in Congested Markets
• Excess entry in the absence of scale economies
• Investment and market structure in industries with congestion
• Immobility, Rationing and Price Competition
• Competition with congestible networks
• Congestion-reducing investments and economic welfare in a Hotelling model
• Market size, entry costs and free entry Cournot equilibrium
• Cocktails done right: price competition and welfare when substitutes become complements
• Price Competition and Compatibility in the Presence of Positive Demand Externalities
• Promoting entry and efficiency via reserve prices

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