Competition of Intermediaries in a Differentiated Duopoly

S. Brangewitz, J. Manegold, Theoretical Economics Letters 6 (2016) 1341–1362.

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Journal Article | Published | English
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Abstract
On an intermediate goods market with asymmetric production technologies as well as vertical and horizontal product differentiation we analyze the influence of simultaneous competition for resources and customers. The intermediaries face either price or quantity competition on the output market and a monopolistic, strategically acting supplier on the input market. We find that there exist quality and productivity differences such that for quantity competition only one intermediary is willing to procure inputs from the input supplier, while for price competition both intermediaries are willing to purchase inputs. Moreover, the well-known welfare advantage of price competition can in general be no longer confirmed in our model with an endogenous input market and asymmetric intermediaries.
Publishing Year
Journal Title
Theoretical Economics Letters
Volume
6
Issue
6
Page
1341-1362
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Brangewitz S, Manegold J. Competition of Intermediaries in a Differentiated Duopoly. Theoretical Economics Letters. 2016;6(6):1341-1362. doi:10.4236/tel.2016.66124
Brangewitz, S., & Manegold, J. (2016). Competition of Intermediaries in a Differentiated Duopoly. Theoretical Economics Letters, 6(6), 1341–1362. https://doi.org/10.4236/tel.2016.66124
@article{Brangewitz_Manegold_2016, title={Competition of Intermediaries in a Differentiated Duopoly}, volume={6}, DOI={10.4236/tel.2016.66124}, number={6}, journal={Theoretical Economics Letters}, publisher={Scientific Research Publishing (SCIRP)}, author={Brangewitz, Sonja and Manegold, Jochen}, year={2016}, pages={1341–1362} }
Brangewitz, Sonja, and Jochen Manegold. “Competition of Intermediaries in a Differentiated Duopoly.” Theoretical Economics Letters 6, no. 6 (2016): 1341–62. https://doi.org/10.4236/tel.2016.66124.
S. Brangewitz and J. Manegold, “Competition of Intermediaries in a Differentiated Duopoly,” Theoretical Economics Letters, vol. 6, no. 6, pp. 1341–1362, 2016.
Brangewitz, Sonja, and Jochen Manegold. “Competition of Intermediaries in a Differentiated Duopoly.” Theoretical Economics Letters, vol. 6, no. 6, Scientific Research Publishing (SCIRP), 2016, pp. 1341–62, doi:10.4236/tel.2016.66124.
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