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Price and quality in spatial competition

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2009

We study the relationship between competition and quality within a spatial competition framework where firms compete in prices and quality. We generalise existing literature on spatial price-quality competition along several dimensions, including utility functions that are non-linear in income...

Persistent link: https://www.econbiz.de/10005068287

Dynamic Spatial Competition Between Multi-Store Firms

Aguirregabiria, Victor; Vicentini, Gustavo - C.E.P.R. Discussion Papers - 2014

We propose a dynamic model of an oligopoly industry characterized by spatial competition between multi-store retailers …

Persistent link: https://www.econbiz.de/10011093686

Empirical Games of Market Entry and Spatial Competition in Retail Industries

Aguirregabiria, Victor; Suzuki, Junichi - C.E.P.R. Discussion Papers - 2015

We survey the recent empirical literature on structural models of market entry and spatial competition in oligopoly …

Persistent link: https://www.econbiz.de/10011165645

Horizontal Mergers and Product Quality

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2014

Using a spatial competition framework with three ex ante identical firms, we study the effects of a horizontal merger on quality, price and welfare. The merging firms always reduce quality. They also increase prices if demand responsiveness to quality is sufficiently low. The non-merging firm,...

Persistent link: https://www.econbiz.de/10011083668

On the Pervasiveness of Home Market Effects

Head, Keith; Mayer, Thierry; Ries, John - C.E.P.R. Discussion Papers - 2002

Krugman’s (1980) model of trade predicts that the country with the relatively large number of consumers is the net exporter and hosts a disproportionate share of firms in the increasing returns sector. He terms these results 'home market effects'. This Paper analyzes three additional models...

Persistent link: https://www.econbiz.de/10005667026

The Importance of Being Small. Or When Countries are Areas and not Points

Tharakan, Joe; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2001

Market size and transport costs are important ingredients of international trade. We propose to look at these issues from a different perspective. Using a Hotelling duopoly model with quadratic transport costs, we analyse the welfare effects of international trade between two countries that...

Persistent link: https://www.econbiz.de/10005791793

The Implications of Space for Competition

Scotchmer, Suzanne; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 1992

Incorporating space in economic models has two important consequences. First, the hypothesis of perfect competition becomes untenable, and second, the distinction between private and public goods becomes blurred. We review arguments that lead to these conclusions and summarize recent work...

Persistent link: https://www.econbiz.de/10005791949

Hysteresis and Economic Fluctuations (Spain, 1970-94)

Dolado, Juan J.; López-Salido, J David - C.E.P.R. Discussion Papers - 1996

This paper uses long-run restrictions on a three-variable system containing output growth, real wage growth and the differenced unemployment rate, to isolate three 'structural' shocks which drove business cycle fluctuations in Spain during 1970-94. These shocks are interpreted as aggregate...

Persistent link: https://www.econbiz.de/10005124406

Unemployment Persistence: Does the Size of the Shock Matter?

Zoega, Gylfi - C.E.P.R. Discussion Papers - 1994

hysteresis arises following large shocks to unemployment, but not following small changes. These results pose a challenge to … theorists since none of the existing models of hysteresis have this property. …

Persistent link: https://www.econbiz.de/10005067463

Hysteresis in Exports

Giovannetti, Giorgia; Samiei, Hossein - C.E.P.R. Discussion Papers - 1996

This paper presents an empirical examination of the importance of hysteresis in international trade. An econometric … model of export determination is developed where the presence of sunk costs causes discontinuous behaviour and hysteresis so … States. The paper finds strong evidence in favour of the presence of pricing-to-market and hysteresis only in the case of …

Persistent link: https://www.econbiz.de/10005497929

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