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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. Firms compete in prices and decide where to open or close stores depending on demand conditions and the number of competitors at different locations, and on location-specific...

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

An Equilibrium Theory of Rationing

Gilbert, Richard; Klemperer, Paul - C.E.P.R. Discussion Papers - 1993

Setting a price that results in rationing may be optimal for a seller whose customers must make a specific investment to be able to use his product. Although rationing results in <MI>ex post<D> inefficiency, the resulting distribution of <MI>ex post<D> surplus compensates consumers for their...</d></mi></d></mi>

Persistent link: https://www.econbiz.de/10005788950

Are Sunk Costs a Barrier to Entry?

Cabral, Luís M B; Ross, Thomas - C.E.P.R. Discussion Papers - 2007

The received wisdom is that sunk costs create a barrier to entry - if entry fails, then the entrant, unable to recover sunk costs, incurs greater losses. In a strategic context where an incumbent may prey on the entrant, sunk entry costs have a countervailing effect: they may effectively commit...

Persistent link: https://www.econbiz.de/10005792475

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

Product Choice and Product Switching

Bernard, Andrew B.; Redding, Stephen J.; Schott, Peter K. - C.E.P.R. Discussion Papers - 2003

This Paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by US manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than...

Persistent link: https://www.econbiz.de/10005656182

Specific Enlargement and the EU Enlargement

Wallner, Klaus - C.E.P.R. Discussion Papers - 2001

This Paper analyses a hold-up problem in the EU enlargement process. EU-specific anticipatory investments of private firms lower the governments outside option. The EU takes advantage of the applicants' increased dependency and extracts more surpluses through entrance conditions that benefit it...

Persistent link: https://www.econbiz.de/10005661684

Boundedly Rational Dynamic Programming: Some Preliminary Results

Gabaix, Xavier - C.E.P.R. Discussion Papers - 2012

rational features in which the decision-maker (DM) builds a simplified representation of the world. The model allows to model …

Persistent link: https://www.econbiz.de/10011083499

Taxing Sin Goods and Subsidizing Health Care

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - C.E.P.R. Discussion Papers - 2008

period health care decision: either individuals acknowledge that they have made a mistake in the first period out of myopia …

Persistent link: https://www.econbiz.de/10005504681

Managers' Mobility, Trade Status, and Wages

Mion, Giordano; Opromolla, Luca David - C.E.P.R. Discussion Papers - 2011

This paper investigates whether the arrival of managers with export experience, i.e. experience acquired through … relationship is of a causal nature. We construct a worker-firm matched panel dataset which enables us to track managers across …. Contrary to blue and white collars, we find that managers are paid a sizeable premium for export experience which has both a …

Persistent link: https://www.econbiz.de/10008854539

Female Managers and their Wages in Central Europe

Jurajda, Stepan; Paligorova, Teodora - C.E.P.R. Discussion Papers - 2006

based on a matching procedure. Only 7% of top-level Czech managers are women and their wages are about 20 percent lower even …

Persistent link: https://www.econbiz.de/10005791532