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Learning-by-doing, Market Structure and Industrial and Trade Policies

Dasgupta, Partha; Stiglitz, Joseph E - C.E.P.R. Discussion Papers - 1985

In this article the authors explore, in a preliminary way, some of the effects of learning-by-doing on the structure, conduct and performance of an industry. Learning is seen as a decline in a firm's unit production cost as a consequence of an increase in its cumulative production experience....

Persistent link: https://www.econbiz.de/10005281306

Monopoly Power and the Firm's Valuation: A Dynamic Analysis of Short versus Long-Term Policies

Basak, Suleyman; Pavlova, Anna - C.E.P.R. Discussion Papers - 2002

This article develops a multi-period production model to examine the optimal dynamic behaviour of a large monopolistic value-maximizing firm that manipulates its valuation as well as the price of its output. In the pre-commitment equilibrium the firm’s output and labour demand are decreased,...

Persistent link: https://www.econbiz.de/10005666999

On the Uniqueness of Optimal Prices Set by Monopolistic Sellers

den Berg, Gerard J van - C.E.P.R. Discussion Papers - 2005

This paper considers price determination by monopolistic sellers who know the distribution of valuations among the potential buyers. We derive a novel condition under which the optimal price set by the monopolist is unique. In many settings, this condition is easy to interpret, and it is valid...

Persistent link: https://www.econbiz.de/10005789129

Dynamic Monopoly Pricing and Herding

Bose, Subir; Orosel, Gerhard O; Ottaviani, Marco; … - C.E.P.R. Discussion Papers - 2005

This paper studies dynamic pricing by a monopolist selling to buyers who learn from each other’s purchases. The price posted in each period serves to extract rent from the current buyer, as well as to control the amount of information transmitted to future buyers. As information increases...

Persistent link: https://www.econbiz.de/10005792093

Do Consumers Search for the Highest Price? Equilibrium and Monopolistic Optimum in Differentiated Products Markets

Schulz, Norbert; Stahl, Konrad - C.E.P.R. Discussion Papers - 1995

least as much variety. Hence, in the situation considered here, monopoly tends to increase welfare. …

Persistent link: https://www.econbiz.de/10005136540

Guide to Reform of Higher Education: A European Perspective

Jacobs, Bas; van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2005

diversity, competition and transparency, and larger private contributions through income-contingent student loans. In the … process we discuss the nature of an institution of higher education, grade inflation, fair competition, private and social …

Persistent link: https://www.econbiz.de/10005067399

Wages and Productivity Growth in a Dynamic Monopoly

Bester, Helmut; Petrakis, Emmanuel - C.E.P.R. Discussion Papers - 2001

This Paper studies the inter-temporal problem of a monopolistic firm that engages in productivity-enhancing innovations to reduce its labour costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches the rate of wage growth and eventually the firm reaches...

Persistent link: https://www.econbiz.de/10005067455

Exclusive versus Non-exclusive Licensing Strategies and Moral Hazard

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2007

An upstream firm can license its innovation to downstream firms that have to exert further development effort. There are situations in which more licenses are sold if effort is a hidden action. Moral hazard may thus increase the probability that the product will be developed.

Persistent link: https://www.econbiz.de/10005497972

Global versus Local Competition

Legros, Patrick; Stahl, Konrad - C.E.P.R. Discussion Papers - 2002

. The effect of increased global competition on prices is much less clear. While it yields a price reduction under monopoly … market performance under monopoly versus oligopoly. If consumers have to choose once where to shop we show that under all … forms of organizing the local market, increased competition from the global market will crowd out variety in the local one …

Persistent link: https://www.econbiz.de/10005498025

Pricing a Package of Services

Ketelaar, Felix; Szalay, Dezso - C.E.P.R. Discussion Papers - 2014

We study a tractable two-dimensional model of price discrimination. Consumers combine a rigid with a more flexible choice, such as choosing the location of a house and its quality or size. We show that the optimal pricing scheme involves no bundling if consumer types are affiliated. Conversely,...

Persistent link: https://www.econbiz.de/10011145402

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