• Login
    View Item 
    •   Home
    • UA Graduate and Undergraduate Research
    • UA Theses and Dissertations
    • Dissertations
    • View Item
    •   Home
    • UA Graduate and Undergraduate Research
    • UA Theses and Dissertations
    • Dissertations
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Browse

    All of UA Campus RepositoryCommunitiesTitleAuthorsIssue DateSubmit DateSubjectsPublisherJournalThis CollectionTitleAuthorsIssue DateSubmit DateSubjectsPublisherJournal

    My Account

    LoginRegister

    About

    AboutUA Faculty PublicationsUA DissertationsUA Master's ThesesUA Honors ThesesUA PressUA YearbooksUA CatalogsUA Libraries

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    Competition and cooperation between rival firms

    • CSV
    • RefMan
    • EndNote
    • BibTex
    • RefWorks
    Thumbnail
    Name:
    azu_td_9927480_sip1_c.pdf
    Size:
    2.818Mb
    Format:
    PDF
    Download
    Author
    VonDohlen, Eric Alan, 1967-
    Issue Date
    1999
    Keywords
    Economics, Commerce-Business.
    Advisor
    Reynolds, Stanley S.
    
    Metadata
    Show full item record
    Publisher
    The University of Arizona.
    Rights
    Copyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author.
    Abstract
    This dissertation studies the market effects of competition and cooperation between otherwise noncooperative firms. The first two chapters present theoretical treatments of joint ventures and mergers, respectively, while the third chapter applies sophisticated econometric techniques to market data generated in controlled experiments. A common thread ties the theoretical chapters: cooperation can be socially beneficial under some fairly general conditions. These conditions are derived and elucidated in each chapter. Despite potential social gains from combinations of otherwise competitive firms, consumers may nevertheless experience increasing prices. The goal of antitrust regulation is to ensure the competitive operation of markets, for the sake of consumers as well as non-combining competitors. The ensuing tension between social efficiency and higher post-combination prices is studied in detail in both of the first two chapters. In the case of a production joint venture, it is shown that relationships which are closer than "arm's length" can be socially optimal, although antitrust regulation clearly discourages such relationships. In the case of mergers, it is shown that combinations of large firms can not only increase aggregate welfare, but may increase consumer welfare under entirely plausible conditions. These results support a broad, rule-of-reason approach to interrival cooperation. The third chapter studies the tendency of non-cooperating, financially motivated subjects in controlled experiments to play as though they observe a particular adjustment process. There have been many experimental and field studies of the Cournot model, but the process of adjustment to equilibrium predictions has not been a major focus. Studying the observed play of experimental subjects in the Cournot environment is important because it can allow for greater understanding of where the model's assumptions fail in the field. Understanding adjustment can require some relatively advanced econometric tools, which are discussed and employed in the third chapter. It is shown that subjects do not individually conform to theoretical adjustment predictions, but behavior at the market level does approach predictions fairly often.
    Type
    text
    Dissertation-Reproduction (electronic)
    Degree Name
    Ph.D.
    Degree Level
    doctoral
    Degree Program
    Graduate College
    Economics
    Degree Grantor
    University of Arizona
    Collections
    Dissertations

    entitlement

     
    The University of Arizona Libraries | 1510 E. University Blvd. | Tucson, AZ 85721-0055
    Tel 520-621-6442 | repository@u.library.arizona.edu
    DSpace software copyright © 2002-2017  DuraSpace
    Quick Guide | Contact Us | Send Feedback
    Open Repository is a service operated by 
    Atmire NV
     

    Export search results

    The export option will allow you to export the current search results of the entered query to a file. Different formats are available for download. To export the items, click on the button corresponding with the preferred download format.

    By default, clicking on the export buttons will result in a download of the allowed maximum amount of items.

    To select a subset of the search results, click "Selective Export" button and make a selection of the items you want to export. The amount of items that can be exported at once is similarly restricted as the full export.

    After making a selection, click one of the export format buttons. The amount of items that will be exported is indicated in the bubble next to export format.