Skip to content Skip to navigation
University of Warwick
  • Study
  • |
  • Research
  • |
  • Business
  • |
  • Alumni
  • |
  • News
  • |
  • About

University of Warwick
Publications service & WRAP

Highlight your research

  • WRAP
    • Home
    • Search WRAP
    • Browse by Warwick Author
    • Browse WRAP by Year
    • Browse WRAP by Subject
    • Browse WRAP by Department
    • Browse WRAP by Funder
    • Browse Theses by Department
  • Publications Service
    • Home
    • Search Publications Service
    • Browse by Warwick Author
    • Browse Publications service by Year
    • Browse Publications service by Subject
    • Browse Publications service by Department
    • Browse Publications service by Funder
  • Help & Advice
University of Warwick

The Library

  • Login
  • Admin

Organising competition for the market

Tools
- Tools
+ Tools

Iossa, Elisabetta, Reyand, Patrick and Waterson, Michael (2022) Organising competition for the market. Journal of the European Economic Association, 20 (2). pp. 822-868. doi:10.1093/jeea/jvab044 ISSN 1542-4766.

[img]
Preview
PDF
WRAP-organising-competition-market-Waterson-2021.pdf - Accepted Version - Requires a PDF viewer.

Download (1413Kb) | Preview
Official URL: https://doi.org/10.1093/jeea/jvab044

Request Changes to record.

Abstract

We study competition for the market in a setting where incumbents (and, to a lesser extent, neighbouring incumbents) benefit from a cost or information advantage. We first compare the outcome of staggered and synchronous tenders, before drawing the implications for market design. We find the timing of tenders interrelates with the likelihood of monopolisation. For high incumbency advantages and/or discount factors monopolisation is expected, in which case synchronous tendering is preferable as it strengthens the pressure that entrants exercise on the monopolist. For low incumbency advantages and/or discount factors other firms remain active, in which case staggered tendering is preferable as it maximises competitive pressure coming from the other firms. We use bus tendering in London to illustrate our insights and draw policy implications.

Item Type: Journal Article
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH): Competition, Competition, Imperfect, Letting of contracts, Industrial organization (Economic theory)
Journal or Publication Title: Journal of the European Economic Association
Publisher: Oxford University Press
ISSN: 1542-4766
Official Date: April 2022
Dates:
DateEvent
April 2022Published
13 October 2021Available
30 June 2021Accepted
Volume: 20
Number: 2
Page Range: pp. 822-868
DOI: 10.1093/jeea/jvab044
Status: Peer Reviewed
Publication Status: Published
Reuse Statement (publisher, data, author rights): This is a pre-copyedited, author-produced version of an article accepted for publication in Journal of the European Economic Association following peer review. The version of record Elisabetta Iossa, Patrick Rey, Michael Waterson, Organising Competition for the Market, Journal of the European Economic Association, 2021;, jvab044, is available online at: https://doi.org/10.1093/jeea/jvab044
Access rights to Published version: Restricted or Subscription Access
Date of first compliant deposit: 9 July 2021
Date of first compliant Open Access: 13 October 2022
RIOXX Funder/Project Grant:
Project/Grant IDRIOXX Funder NameFunder ID
N340903Seventh Framework Programmehttp://dx.doi.org/10.13039/100011102
CHESS ANR-17-EURE-0010[ANR] Agence Nationale de la Recherchehttp://dx.doi.org/10.13039/501100001665
2017Y 5P J43_001 PRIN 2017Ministero dell'Istruzione, dell'Università e della Ricercahttps://www.miur.gov.it
Related URLs:
  • Publisher
Open Access Version:
  • Publisher

Request changes or add full text files to a record

Repository staff actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics

twitter

Email us: wrap@warwick.ac.uk
Contact Details
About Us