On the efficiency of price competition

DOI10.1016/J.ORL.2011.10.004MaRDI QIDQ408424zbMATH OpenOpenAlexFDO

Authors Amr Farahat, Georgia Perakis

Publication date 5 April 2012

Published in Operations Research Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.orl.2011.10.004

zbMATH Keywords

price of anarchyBertrand competitiondifferentiated productslinear demandoligopoly competition

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Microeconomic theory (price theory and economic markets) (91B24) Special types of economic markets (including Cournot, Bertrand) (91B54)

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Cites work

• scientific article; zbMATH DE number 194139 (Why is no real title available?)
• A nonnegative extension of the affine demand function and equilibrium analysis for multiproduct price competition
• Comparative statics, strategic complements and substitutes in oligopolies
• Competition in Service Industries
• Competition in the supply option market
• Efficiency Loss in a Network Resource Allocation Game
• How bad is selfish routing?
• Investigating dynamic multifirm market interactions in price and advertising
• Pricing and Replenishment Strategies in a Distribution System with Competing Retailers
• Profit loss in differentiated oligopolies
• Proper efficiency and the theory of vector maximization
• Quantifying the bullwhip effect in a simple supply chain: the impact of forecasting, lead times, and information
• The allocation of inventory risk in a supply chain: push, pull, and advance-purchase discount contracts
• The price of anarchy in supply chains: quantifying the efficiency of price-only contracts
• Worst-case equilibria

Cited in

(24)

• Pricing algorithms in oligopoly with decreasing returns
• Optimal legal standards for competition policy further re-visited
• Price competition of manufacturers in supply chain under a fuzzy decision environment
• Price and capacity competition
• On the robustness of the argument that price-matching is anti-competitive
• Competitive prices as optimal cartel prices
• Profit loss in differentiated oligopolies
• The effect of supplier capacity on the supply chain profit
• Price of anarchy in a linear-state stochastic dynamic game
• Efficient demands in a multi-product monopoly
• Effects of price competition in the credit card industry
• Inducing efficiency in oligopolistic markets with increasing returns to scale
• Winner-take-all price competition
• Channel efficiency and retailer tier dominance in a supply chain with a common manufacturer
• On competition and endogenous firm efficiency
• scientific article; zbMATH DE number 1795165 (Why is no real title available?)
• On the possibility of price wars when firms use a `tit-for-tat' strategy
• A note on the effects of downstream efficiency on upstream pricing
• Profit maximization mitigates competition
• Cocktails done right: price competition and welfare when substitutes become complements
• scientific article; zbMATH DE number 32502 (Why is no real title available?)
• Price Competition and Compatibility in the Presence of Positive Demand Externalities
• Promoting entry and efficiency via reserve prices
• On the inefficiency of perfect price discrimination

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