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Persistent link: https://www.econbiz.de/10000910284
determines how changes in trade frictions affect allocative efficiency in an oligopoly model of international trade, decomposing …
Persistent link: https://www.econbiz.de/10012459387
and exit decisions in a dynamic oligopoly model (a la Bajari et al (2007)) and use it to analyse redesign activity in the …
Persistent link: https://www.econbiz.de/10012459665
constraints on entry, but in addition it facilitates transfers of control of incumbent firms, from untalented to talented managers …
Persistent link: https://www.econbiz.de/10012465823
frictions in oligopoly markets with negotiated prices. We use the model to quantify the consumer surplus loss induced by the …
Persistent link: https://www.econbiz.de/10012458769
We develop a tractable quantitative, general equilibrium, oligopsony model of the labor market that we use to measure the macroeconomic implications of labor market power. Strategic interaction complicates inference of parameters that are key to this exercise. To address this challenge, we...
Persistent link: https://www.econbiz.de/10012479670
We propose a general equilibrium economy with oligopolistic output markets in which two channels can cause a change in market power: (i) technology, via changes to productivity shocks and the cost of entry, (ii) market structure, via changes to the number of potential competitors. First, we...
Persistent link: https://www.econbiz.de/10012533310
general equilibrium model with a hedonic demand system in which firms compete in a network game of oligopoly. Firms are …
Persistent link: https://www.econbiz.de/10013191098
Traditionally, fund managers cast votes on behalf of investors whose capital they manage. Recently, this system has … come under intense debate given the growing concentration of voting power among a few asset managers and disagreements over … environmental and social issues. Major fund managers now offer their investors a choice: delegate their votes to the fund or cast …
Persistent link: https://www.econbiz.de/10014337868