Modeling world oil market questions: An economic perspective

Durand-Lasserve, Olivier; Pierru, Axel

doi:10.1016/j.enpol.2021.112606

Cited by 4 publications

(1 citation statement)

References 72 publications

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“…To examine competition between two firms, the Hotelling method develops a location model to demonstrate the relationship between location and behavior of firms and is proved applicable and robust in economic study. In the existing studies, the model framework has been applied to various contexts, such as the oil market [12], transportation market [13], and advertising market [14]. Still, it misses the intersection of the second-hand and new book industries.…”

Section: Introductionmentioning

confidence: 99%

Online Second-Hand Bookstores’ Strategic Decisions: A Theoretical Perspective

et al. 2022

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The development of second-hand bookstores has received ample attention in the book industry. However, research on their operational strategies is still in its infancy, especially concerning how they compete with new bookstores. We used the Hotelling model to investigate second-hand bookstores’ differentiation strategy. We analyzed how product mismatch problems and consumer preferences affect bookstores’ strategies and profits. We came to three major conclusions. First, second-hand bookstores can effectively compete with new bookstores using a product differentiation strategy. Moreover, it is better to set high prices for special old books. Second, a higher breadth and depth of mismatching will increase revenue for second-hand bookstores and lower revenue for new bookstores. Third, new bookstores’ profit decreases with consumers’ preferences for special old books, while the influence of such preferences on the second-hand bookstores’ profits depends on the transportation cost. These findings provide valuable insights for second-hand bookstores to compete with new bookstores. An important implication of this study is that using a differentiation strategy for second-hand bookstores needs to consider the mismatch problems and consumers’ preferences.

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Section: Introductionmentioning

confidence: 99%

Online Second-Hand Bookstores’ Strategic Decisions: A Theoretical Perspective

et al. 2022

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Modification of cottonseed oil with lipases and ionic liquid catalysts to prepare highly branched lubricant with low pour point and high viscosity

Yin

et al. 2023

Biochemical Engineering Journal

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Empirical framework for Cournot oligopoly with private information

Aryal,

Zincenko

2024

The RAND J of Economics

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We propose an empirical framework for asymmetric Cournot oligopoly with private information about variable costs. First, considering a linear demand for a homogeneous product with a random intercept, we characterize the Bayesian Cournot–Nash equilibrium. Then we establish the identification of the joint distribution of demand and firm‐specific cost distributions. Following the identification steps, we propose a likelihood‐based estimation method and apply it to the global market for crude oil and quantify the welfare effect of private information. We also consider extensions of the model to include product differentiation, conduct parameters, nonlinear demand, or selective entry.

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Modeling world oil market questions: An economic perspective

Cited by 4 publications

References 72 publications

Online Second-Hand Bookstores’ Strategic Decisions: A Theoretical Perspective

Online Second-Hand Bookstores’ Strategic Decisions: A Theoretical Perspective

Modification of cottonseed oil with lipases and ionic liquid catalysts to prepare highly branched lubricant with low pour point and high viscosity

Empirical framework for Cournot oligopoly with private information

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