Reference : Price Competition under Universal Service Obligations
Scientific congresses and symposiums : Unpublished conference
Business & economic sciences : Microeconomics
http://hdl.handle.net/2268/87857
Price Competition under Universal Service Obligations
English
Gautier, Axel mailto [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Economie industrielle >]
Sep-2010
Yes
International
37th EARIE Conference
Sept. 2-4
EARIE
Istanbul
Turkey
[en] In industries like telecom, postal services or energy provision, universal service obligations (uniform price and universal coverage) are often imposed on one market participant. Universal service obligations are likely to alter firms' strategic behavior in such competitive markets. In this paper we show that, depending on the entrant's market coverage and the degree of product differentiation, the Nash equilibrium in prices involves either pure or mixed strategies. We show that the pure strategy market sharing equilibrium, as identified by Valletti et al. (2002) defines a lower bound on the level of equilibrium prices.
Centre de Recherche en Économie Publique et de la Population - C.R.E.P.P
http://hdl.handle.net/2268/87857

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