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This paper examines strategic behaviour of developers who, through offering different public good packages and revenue/fiscal schemes, compete for residents who are differentiated by income. There is an endogenous determination of numbers and sizes of communities. Developers have an incentive to...
Persistent link: https://www.econbiz.de/10005662262
competition and costly production adjustment the leadership attempts by each firm turn into Stackelberg price warfare yielding a … MPE steady state outcome more competitive than static Bertrand competition. The static strategic complementarity in the …
Persistent link: https://www.econbiz.de/10005661729
This Paper focuses on two distinct facets of globalization: the decrease in the trade costs of goods and the decline of communication costs between headquarters and production facilities within firms. When the unskilled have about the same wage in the two regions, the decrease of these costs...
Persistent link: https://www.econbiz.de/10005498045
Some observers argue that increased real integration has led to greater co-movement of prices internationally. We examine the evidence for cross-border price spillovers among economies participating in the pan-Asian cross-border production networks. Starting with country-level data, we find that...
Persistent link: https://www.econbiz.de/10011083958
enterprises for the period 1998 through 2007 to test for complementarity between competition and industrial policy. A main … competition-friendly and therefore more growth-enhancing. …
Persistent link: https://www.econbiz.de/10009359485
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009367427
to pay more for exclusivity, the higher the demand (the lower the cost), that is precisely when competition yields the …
Persistent link: https://www.econbiz.de/10005662107
Starting in 1998, the electricity market in England and Wales will be opened up to full competition, and all consumers … transactions costs exceeding £100 million a year for the first five years. Relative to a counterfactual without competition, there …
Persistent link: https://www.econbiz.de/10005662134
We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … show that competition improves the monitoring incentives of better quality banks and deteriorates the incentives of lower … quality banks; and that precisely for those lower quality banks competition typically compromises the effectiveness of capital …
Persistent link: https://www.econbiz.de/10005666421
; corporate governance; market structures and competition; and financial constraints. We conclude that private ownership and …
Persistent link: https://www.econbiz.de/10005666814