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On the Pervasiveness of Home Market Effects

Head, Keith; Mayer, Thierry; Ries, John - C.E.P.R. Discussion Papers - 2002

Krugman’s (1980) model of trade predicts that the country with the relatively large number of consumers is the net exporter and hosts a disproportionate share of firms in the increasing returns sector. He terms these results 'home market effects'. This Paper analyzes three additional models...

Persistent link: https://www.econbiz.de/10005667026

The Importance of Being Small. Or When Countries are Areas and not Points

Tharakan, Joe; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2001

Market size and transport costs are important ingredients of international trade. We propose to look at these issues from a different perspective. Using a Hotelling duopoly model with quadratic transport costs, we analyse the welfare effects of international trade between two countries that...

Persistent link: https://www.econbiz.de/10005791793

The Implications of Space for Competition

Scotchmer, Suzanne; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 1992

Incorporating space in economic models has two important consequences. First, the hypothesis of perfect competition becomes untenable, and second, the distinction between private and public goods becomes blurred. We review arguments that lead to these conclusions and summarize recent work...

Persistent link: https://www.econbiz.de/10005791949

Price and quality in spatial competition

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2009

prices and quality. We generalise existing literature on spatial price-quality competition along several dimensions …

Persistent link: https://www.econbiz.de/10005068287

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

Empirical Games of Market Entry and Spatial Competition in Retail Industries

Aguirregabiria, Victor; Suzuki, Junichi - C.E.P.R. Discussion Papers - 2015

heterogeneity; specification of price competition; structure of spatial competition; firms' information; dynamics; multi-store firms …

Persistent link: https://www.econbiz.de/10011165645

Horizontal Mergers and Product Quality

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2014

on quality, price and welfare. The merging firms always reduce quality. They also increase prices if demand …

Persistent link: https://www.econbiz.de/10011083668

Good rankings are bad - Why reliable rankings can hurt consumers

Bouton, Laurent; Kirchsteiger, Georg - C.E.P.R. Discussion Papers - 2011

Ranking have become increasingly popular on markets for study programs, restaurants, wines, cars, etc. This paper analyses the welfare implication of such rankings. Consumers have to make a choice between two goods of unknown quality with exogenous presence or absence of an informative ranking....

Persistent link: https://www.econbiz.de/10009385758

Information Aggregation, Strategic Behaviour and Efficiency in Cournot Markets

Vives, Xavier - C.E.P.R. Discussion Papers - 1998

When is the modeller introducing more error when analysing a Cournot market with private cost information - when ignoring market power or when ignoring the impact of incomplete information? Is the welfare loss at the market outcome driven by private information or by market power? The answer,...

Persistent link: https://www.econbiz.de/10005662375

The Effect of Privatization and Competitive Pressure on Firms' Price-Cost Margins: Micro Evidence from Emerging Economies

Konings, Jozef; Van Cayseele, Patrick; Warzynski, Frederic - C.E.P.R. Discussion Papers - 2003

estimate market power (i.e. price-cost margins) and to analyse how these are affected by privatization and increased … the properties of the primal and dual Solow residual. State-owned enterprises have lower price-cost margins than … privatized and foreign owned firms, which suggests that state-owned enterprises price closer to marginal costs and are more …

Persistent link: https://www.econbiz.de/10005667013

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