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One Kind of Lawlessness: Estimating the Welfare Cost of Somali Piracy

Besley, Tim; Fetzer, Thiemo; Mueller, Hannes - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

This paper estimates the effect of piracy attacks on shipping costs using a unique data set on shipping contracts in … the dry bulk market. We look at shipping routes whose shortest path exposes them to piracy attacks and find that the … welfare loss imposed by piracy. Our intermediate estimate suggests that the creation of $120 million of revenue for pirates in …

Persistent link: https://www.econbiz.de/10010851334

Collusion in Growing and Shrinking Markets: Empirical Evidence from Experimental Duopolies

Abbink, Klaus; Brandts, Jordi - Barcelona Graduate School of Economics (Barcelona GSE) - 2005

to game-theoretic reasoning, our results show that collusion is significantly larger when the demand shrinks than when it … facilitates collusion and discourages deviation. …

Persistent link: https://www.econbiz.de/10010547202

Patent Policy, Patent Pools, And The Accumulation Of Claims In Sequential Innovation

Llanes, Gastón; Trento, Stefano - Barcelona Graduate School of Economics (Barcelona GSE) - 2010

We present a dynamic model where the accumulation of patents generates an increasing number of claims on sequential innovation. We compare innovation activity under three regimes patents,no-patents,andpatentpoolsand ﬁnd that none of them can reach the ﬁrst best. We ﬁnd that the ﬁrst best...

Persistent link: https://www.econbiz.de/10010547089

Analyzing aggregate real exchange rate persistence through the lens of sectoral data

Mayoral, Laura; Gadea, Maréa Dolores - Barcelona Graduate School of Economics (Barcelona GSE) - 2009

or imperfect competition and price stickiness) are able to explain the behavior of the upper quantiles of sectoral …

Persistent link: https://www.econbiz.de/10010547246

Sequential Formation of Coalitions through Bilateral Agreements

Macho-Stadler, Inés; Pérez-Castrillo, David; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

We study a sequential protocol of endogenous coalition formation based on a process of bilateral agreements among the players. We apply the game to a Cournot environment with linear demand and constant average costs. We show that the final outcome of any Subgame Perfect Equilibrium of the game...

Persistent link: https://www.econbiz.de/10010547439

Collusion and Fights in an Experiment with Price-Setting Firms and Production in Advance

Brandts, Jordi; Guillen, Pablo - Barcelona Graduate School of Economics (Barcelona GSE) - 2004

price competition and price and efficiency levels are higher for two than for three firms. Consumer surplus increases with …

Persistent link: https://www.econbiz.de/10010547328

Mechanism Design under Collusion and Uniform Transfers

Jeon, Doh-Shin - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

In this paper, we study mechanism design under collusion and uniform transfers focusing on the transaction costs in … incompleteness of contracts and collusion: in our setting, the regulator (the principal) is constrained to use uniform transfers and … this gives rise to room for collusion between the regulated firms. Collusion takes place under adverse selection and moral …

Persistent link: https://www.econbiz.de/10010547534

Globalization, Divergence and Stagnation

Gancia, Gino - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

In a world where poor countries provide weak protection for intellectual property rights, market integration shifts technical change in favor of rich nations. Through this channel, free trade may amplify international income differences. At the same time, integration with countries where...

Persistent link: https://www.econbiz.de/10010547312

North-South Trade and Directed Technical Change

Gancia, Gino; Bonfiglioli, Alessandra - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

In a world where poor countries provide weak protection for intellectual property rights (IPRs), market integration shifts technical change in favor of rich nations. Through this channel, free trade may amplify international income differences. At the same time, integration with countries where...

Persistent link: https://www.econbiz.de/10010547355

Intellectual Property Rights and Efficient Firm Organization

Ponzetto, Giacomo - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

I provide a justification of intellectual property rights as a source of static efficiency gains in manufacturing, rather than dynamic benefits from greater innovation. I develop a property-rights model of a supply relationship with two dimensions of non-contractible investment. In equilibrium,...

Persistent link: https://www.econbiz.de/10010775500