Global vs. Local Competition : The Case of E-Commerce

Legros, Patrick ; Stahl, Konrad

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Document Type: Working paper
Year of publication: 2002
Place of publication: Mannheim [u.a.]
Publication language: German
Institution: Außerfakultäre Einrichtungen > SFB / TR 15
Subject: 330 Economics
Abstract: We analyze the impact of increased outside opportunities brought to consumers by improved access to a global market on local mar- ket performance under monopoly vs. oligopoly. If consumers choose once where to buy, we show that under all forms of organizing the local market, increased competition from the global market will lo- cally crowd out variety. The e ect on prices is much less clear. While increased global competition yields a price reduction under monopoly, prices may increase under oligopoly. We check the robustness of these results in various extensions and draw consequences on competition and industrial policies.

Dieser Eintrag ist Teil der Universitätsbibliographie.

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