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Leasing versus selling and firm efficiency in oligopoly

In: Technology Transfer, Foreign Direct Investment, and the Protection of Intellectual Property in the Global Economy

Author

Listed:
  • Kamal Saggi
  • Nikolaos Vettas

Abstract

We examine sales and leasing of a durable good in an asymmetric duopoly. We show that the inefficient firm leases more than the efficient firm, and that an increase in unit costs implies a higher ratio of leased units to sales.

Suggested Citation

  • Kamal Saggi & Nikolaos Vettas, 2023. "Leasing versus selling and firm efficiency in oligopoly," World Scientific Book Chapters, in: Kamal Saggi (ed.), Technology Transfer, Foreign Direct Investment, and the Protection of Intellectual Property in the Global Economy, chapter 28, pages 639-646, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813233027_0028
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    1. is not listed on IDEAS
    2. Sagasta Amagoia & Usategui José M., 2018. "Timing of Emissions and Effects of Emission Taxes in Durable-Goods Oligopolies," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 18(4), pages 1-21, October.
    3. Poddar, Sougata, 2004. "Strategic choice in durable goods market when firms move simultaneously," Research in Economics, Elsevier, vol. 58(2), pages 175-186, June.
    4. Andrikopoulos, Athanasios & Markellos, Raphael N., 2015. "Dynamic interaction between markets for leasing and selling automobiles," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 260-270.
    5. Sagasta Elorza, Amagoia & Usategui Díaz de Otalora, José María, 2012. "Optimal overall emissions taxation in durable goods oligopoly," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    6. George Geronikolaou, 2018. "A Note on Vertical Differentiation of Durable Goods: Sellers, Renters and Moral Hazard," Journal of Industry, Competition and Trade, Springer, vol. 18(1), pages 97-106, March.
    7. Amagoia Sagasta, 2019. "Cooperative R&D with durable goods," Journal of Economics, Springer, vol. 128(3), pages 239-258, December.
    8. Goering, Gregory E., 2005. "Durable goods monopoly and quality choice," Research in Economics, Elsevier, vol. 59(1), pages 59-66, March.
    9. Kim, Jae-Cheol & Kim, Min-Young & Chun, Se-Hak, 2014. "Property tax and its effects on strategic behavior of leasing and selling for a durable-goods monopolist," International Review of Economics & Finance, Elsevier, vol. 29(C), pages 132-144.
    10. Xiong, Yu & Yan, Wei & Fernandes, Kiran & Xiong, Zhong-Kai & Guo, Nian, 2012. "“Bricks vs. Clicks”: The impact of manufacturer encroachment with a dealer leasing and selling of durable goods," European Journal of Operational Research, Elsevier, vol. 217(1), pages 75-83.

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    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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