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Environmental Policy, Public Finance and the Labour Market in a Second-best World

Bovenberg, A Lans; van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 1992

Environmental and tax policies and the optimal provision of clean and dirty public goods are analysed within the context of a second-best framework of optimal taxation. Households consume both clean and dirty commodities. Degradation of the natural environment occurs due to the consumption of...

Persistent link: https://www.econbiz.de/10005792489

Green Policies in a Small Open Economy

Bovenberg, A Lans; van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 1993

In this paper we develop techniques for measuring the trade policy equivalent of domestic distortions, using a distance function approach. Our measure, the Trade Restrictiveness Index, is shown to equal the uniform tariff which is welfare-equivalent to a given pattern of domestic taxes and...

Persistent link: https://www.econbiz.de/10005123781

Platform Ownership

Nocke, Volker; Peitz, Martin; Stahl, Konrad - C.E.P.R. Discussion Papers - 2004

We develop a general theoretical framework of trade on a platform on which buyers and sellers interact. The platform may be owned by a single large, or many small independent or vertically integrated intermediaries. There also may be free entry into the market for platform slots, or platform...

Persistent link: https://www.econbiz.de/10005662172

Dynamic Price Competition with Network Effects

Cabral, Luís M B - C.E.P.R. Discussion Papers - 2008

I consider a dynamic model of competition between two proprietary networks. Consumers die and are replaced with a constant hazard rate. Firms compete for new consumers to join their network by offering network entry prices (which may be below cost). New consumers have a privately known...

Persistent link: https://www.econbiz.de/10005662208

Network Effects, Standardization, and the Internet: What Have We Learned From The DVD Vs. DIVX Battle?

Dranove, David; Gandal, Neil - C.E.P.R. Discussion Papers - 1999

Two important welfare implications of network effects are that (1) market forces often result in suboptimal standardization, that is, left alone the market may fail to achieve standardization when it is socially desirable and (2) even if the market settles on a standard, the chosen standard may...

Persistent link: https://www.econbiz.de/10005666918

Surviving a Standards War: Lessons Learned from the Life and Death of DIVX

Dranove, David; Gandal, Neil - C.E.P.R. Discussion Papers - 2003

In April 1997, a consortium of hardware manufacturers and movie studios launched the DVD format. By that fall, electronics retailing giant Circuit City announced its intentions to launch a partially incompatible format known as DIVX. This Paper assesses Circuit City’s strategy to establish the...

Persistent link: https://www.econbiz.de/10005666947

Intermediation and Investment Incentives

Belleflamme, Paul; Peitz, Martin - C.E.P.R. Discussion Papers - 2007

We analyze whether and how the fact that products are not sold on open or public platforms but on competing for-profit platforms affects sellers’ investment incentives. Investments in cost reduction, quality, or marketing measures are here the joint and coordinated efforts by sellers. We show...

Persistent link: https://www.econbiz.de/10005789005

Irreversible Investment with Strategic Interactions

Mason, Robin; Weeds, Helen - C.E.P.R. Discussion Papers - 2001

the first to invest, and externalities to investing when others also do so. Pre-emption decreases and may even eliminate … the option values created by irreversibility and uncertainty. Externalities introduce inefficiencies in investment … decisions. Pre-emption and externalities combined can actually hasten, rather than delay, investment, contrary to the usual …

Persistent link: https://www.econbiz.de/10005789033

Product Differentiation in the Presence of Positive and Negative Network Effects

Navon, Ami; Shy, Oz; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 1995

Using two standard location models, we investigate price competition and divergence from optimal product differentiation when consumer preferences are influenced by the number of consumers purchasing the same brand or shopping at the same store. Negative network effects tend to lessen...

Persistent link: https://www.econbiz.de/10005789070

Text and Voice: Complements, Substitutes or Both?

Andersson, Kjetil; Foros, Øystein; Steen, Frode - C.E.P.R. Discussion Papers - 2006

model of demand for mobile services incorporating the existence of call externalities and network effects. We show that when …

Persistent link: https://www.econbiz.de/10005791907

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