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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

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 …

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

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

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

Specific Enlargement and the EU Enlargement

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

position during the negotiations, overestimate the welfare effects of membership. …

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

WTO Accession and Performance of Chinese Manufacturing Firms

Brandt, Loren; Van Biesebroeck, Johannes; Wang, Luhang; … - C.E.P.R. Discussion Papers - 2012

converged to an almost uniform low level after WTO entry. We exploit sectoral variation in the extent of tariff reduction to …

Persistent link: https://www.econbiz.de/10011084425

Fiscal Policy, Labour Unions and Monetary Institutions: Their Long Run Impact on Unemployment, Inflation and Welfare

Cukierman, Alex; Dalmazzo, Alberto - C.E.P.R. Discussion Papers - 2007

institutions in the presence of unionized labour markets on economic outcomes and welfare in the long run. Two main classes of … monopolistically competitive firms and through them on unemployment, inflation and welfare? Second, how are labour taxes and … redistribution chosen by a (Stackelberg leader) fiscal authority whose objectives are a weighted average of social welfare and of …

Persistent link: https://www.econbiz.de/10005124139

Competition Among the Big and the Small

Shimomura, Ken-Ichi; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2009

, which is generated by the exit of small firms. Furthermore, the level of social welfare increases with the number of …

Persistent link: https://www.econbiz.de/10005048555

Back to Keynes?

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

After a brief review of classical, Keynesian, New Classical and New Keynesian theories of macroeconomic policy, we assess whether New Keynesian Economics captures the quintessential features stressed by JM Keynes. Particular attention is paid to Keynesian features omitted in New Keynesian...

Persistent link: https://www.econbiz.de/10005504355

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