scholarly journals Duopolistic competition with choice-overloaded consumers

2018 ◽  
Vol 101 ◽  
pp. 330-353 ◽  
Author(s):  
Georgios Gerasimou ◽  
Mauro Papi
2014 ◽  
Vol 236 (2) ◽  
pp. 643-656 ◽  
Author(s):  
Michail Chronopoulos ◽  
Bert De Reyck ◽  
Afzal Siddiqui

2006 ◽  
Vol 5 (1) ◽  
Author(s):  
Sujit Chakravorti ◽  
Roberto Roson

In this article, we construct a model to study competing payment networks, where networks offer differentiated products in terms of benefits to consumers and merchants. We study market equilibria for a variety of market structures: duopolistic competition and cartel, symmetric and asymmetric networks, and alternative assumptions about consumer preferences. We find that competition unambiguously increases consumer and merchant welfare. We extend this analysis to competition among payment networks providing different payment instruments and find similar results.


1990 ◽  
Vol 29 (1-2) ◽  
pp. 147-159 ◽  
Author(s):  
Engelbert J. Dockner ◽  
Alfred A. Haug

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