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Why Do Sellers (Usually) Prefer Auctions?

Bulow, Jeremy I.; Klemperer, Paul - C.E.P.R. Discussion Papers - 2009

is more conducive to entry - precisely because of its inefficiency - it usually generates higher expected revenue. We … also discuss the effects of lock-ups, matching rights, break-up fees (as in takeover battles), entry subsidies, etc. …

Persistent link: https://www.econbiz.de/10004976795

When are Auctions Best?

Bulow, Jeremy I.; Klemperer, Paul - C.E.P.R. Discussion Papers - 2007

buyers. In an auction all entry decisions are made prior to any bidding. In a sequential bidding process earlier entrants can … auction is more conducive to entry in several ways it usually generates higher expected revenue. A substantially revised …

Persistent link: https://www.econbiz.de/10005123726

Why Governments Tax or Subsidize Trade: Evidence From Agriculture

Gawande, Kishore; Hoekman, Bernard - C.E.P.R. Discussion Papers - 2010

This paper empirically explores the political-economic determinants of why governments choose to tax or subsidize trade in agriculture. We use a new data set on nominal rates of assistance (NRA) across a number of commodities spanning the last four decades for 64 countries. NRAs measure the...

Persistent link: https://www.econbiz.de/10008530343

Developing Country Agriculture and the New Trade Agenda

Anderson, Kym; Hoekman, Bernard - C.E.P.R. Discussion Papers - 1999

A new round of WTO negotiations on agriculture, services and perhaps some other issues is expected to be launched in late 1999. To what extent should those negotiations include so-called "new trade agenda" items aimed at ensuring that domestic regulatory policies do not discriminate against...

Persistent link: https://www.econbiz.de/10005504672

Imports, Entry and Competition Law as Market Disciplines

Hoekman, Bernard; Kee, Hiau Looi - C.E.P.R. Discussion Papers - 2003

Since the early 1990s, numerous countries have adopted or strengthened competition legislation. In this Paper we investigate the impact of competition law on industry markups over time and across a large number of countries. We find both domestic and foreign competition to be major sources of...

Persistent link: https://www.econbiz.de/10005792302

Mark-ups, Entry Regulation and Trade: Does Country Size Matter?

Hoekman, Bernard; Kee, Hiau Looi; Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 2001

. A simple model is developed that shows that the effects of import competition and domestic entry regulation on industry … price-cost markups depend on country size. Barriers to domestic entry are predicted to have stronger anti …-competitive effects in large countries, whereas the impact of barriers to foreign entry (i.e., imports) should be stronger in small …

Persistent link: https://www.econbiz.de/10005124180

The Tobacco Deal

Bulow, Jeremy I.; Klemperer, Paul - C.E.P.R. Discussion Papers - 1999

We analyse the major economic issues raised by the 1997 Tobacco Resolution and the ensuing proposed legislation that were intended to settle tobacco litigation in the United States. By settling litigation largely in return for tax increases, the Resolution was a superb example of a "win-win"...

Persistent link: https://www.econbiz.de/10005791442