Downstream competition between an upstream supplier and an independent downstream firm by Yaron Yehezkel* Preliminary and incomplete March, 2003 Abstract: I consider an upstream supplier that supplies an input to an independent downstream firm and in addition sells the final product to consumers. I find that the upstream supplier cannot implement the monopoly outcome without imposing maximum resale price maintenance (RPM). RPM increases social welfare if consumers’ valuation for the final
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TOPIC 1: MARKET STRUCTURE AND MARKET POWER 1.1. Competitors Anyone that produces a substitute for a firm’s product. - Cross price elasticity: Measures the substitution degree of a product for another. P.E.>1 – The demand is elastic, a change in price is reflected as an even major change in demand. The extent of the variation is higher as higher is the substitution degree of a product for another. We can say two firms are competing when a price increase by one firm, drives its customers to the other
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Change Simulation Experience “It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change.” - Charles Darwin Charles Darwin’s groundbreaking theory of evolution was certainly not restricted to species in the wild. Adapting to change in any corporate environment is fundamental to the success of any organization and its employees. Achieving this success depends on a key ingredient – appropriate application of change management that
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RAND Journal of Economics Vol. 41, No. 3, Autumn 2010 pp. 524–548 Competition for scarce resources P´ ter Es˝ ∗ e o and Lucy White∗∗∗ Volker Nocke∗∗ We model a downstream industry where firms compete to buy capacity in an upstream market which allocates capacity efficiently. Although downstream firms have symmetric production technologies, we show that industry structure is symmetric only if capacity is sufficiently scarce. Otherwise it is asymmetric, with one large, “fat,” capacity-hoarding firm
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1 INTERNET AUCTIONS AND GAME THEORY Table of content I. INTRODUCTION ................................................................................................................................................ 3 II. MAIN PART........................................................................................................................................................ 4 1. EBAY AND INTERNET AUCTIONS TYPES
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strategies. [pic] a. Briefly explain whether Wal-World has a dominant strategy. b. Briefly explain whether Tarbo has a dominant strategy. c. Briefly explain whether there is a Nash equilibrium in this game. Directions for Submitting your Assignment Complete your assignment in this Microsoft Word® document and save it as Username-MT445Assignment-Unit#.doc (Example:TAllen-MT445Assignment-Unit5.doc). Submit your file by selecting the Unit
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Book Review on: The Functions of the Executive (Chester I. Barnard, 1938) By: Ling Zhou This book is one of the first to provide a comprehensive theory of cooperative behavior in formal organizations. Before its publication, most of the work on management and organization was fragmentary: to administer is to plan, organize, integrate and measure etc. But some more basic questions like why we need organizations, what are
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be very effective. Some of these strategies are: accommodation, avoidance, collaboration, competition, compromise. At one point, everyone has been in some type of a group. It could be in elementary school when your gym teacher picks teams for a game, at work when your supervisor asks everyone to come up with fresh, new ideas for the company and as fellow college students who are put together in a learning team. All of these examples can put the members of the group in an awkward situation and
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University of Phoenix Material Conflict Management Plan 1. Identify the available conflict management strategies and their strengths and weaknesses. Strategy Strengths Weaknesses Competing High concern for personal goals and low concern for relationships Can escalate conflict; losers may retaliate Accommodating Keeps peace amongst team Your own personal concerns are neglected Avoiding Problem may eventually go way or it may fall in the hands of another to handle Nothing
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THE THESIS PROPOSAL: DESIGNING CURRICULUM Objectives of these Guidelines: These guidelines will prepare the student to be able to: 1. List and describe the chapters and subsections of a thesis proposal and a research report and their proper order. 2. Describe the characteristics of an appropriate proposal title. 3. Compare and contrast the styles appropriate for (1) a dissertation or thesis, (2) a research proposal, (3) a research report, (4) a professional paper, and (5) a journal
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