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Pricing Patents for Licensing in Standard Setting Organisations: Making Sense of FRAND Commitments
Layne-Farrar, Anna; Padilla, Atilano Jorge; … - C.E.P.R. Discussion Papers - 2007
competition. The second—the Shapley value method—is based on cooperative game theory models and social concepts for a fair …
Persistent link: https://www.econbiz.de/10005504215
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Price Controls and Consumer Surplus
Bulow, Jeremy I.; Klemperer, Paul - C.E.P.R. Discussion Papers - 2009
best understood - and can be related to monopoly-theory results - using the fact that consumer surplus equals the area …
Persistent link: https://www.econbiz.de/10004976788
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A Primer on the MFA Maze
de Melo, Jaime; Faini, Riccardo - C.E.P.R. Discussion Papers - 1992
The paper identifies the potential sources of allocative inefficiency generated by the Multi-Fiber Agreements (MFA) and examines the evidence for such inefficiencies. Five sources of inefficiency are identified relating to inefficient allocations across countries, across consumers, and among...
Persistent link: https://www.econbiz.de/10005136661
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Information Revelation and Efficiency in Auctions
Mikusheva, Anna; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2002
We study the impact of information revelation on efficiency in auctions. In a constrained-efficient mechanism, i.e. a … increases the expected efficiency of the mechanism. This result cannot be extended to a more general setup: in a second …-price sealed-bid auction, revelation of information might lead to efficiency losses. …
Persistent link: https://www.econbiz.de/10005067415
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Estimating the Gains From Trade in Limit Order Markets
Hollifield, Burton; Miller, Robert A.; Sandås, Patrik; … - C.E.P.R. Discussion Papers - 2004
We present a method for identifying and estimating the gains from trade in limit order markets and provide new empirical evidence that the limit order market is a good market design. The gains from trade in our model arise because traders have different valuations for the stock. We use...
Persistent link: https://www.econbiz.de/10005661605
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Appropriating the Commons - A Theoretical Explanation
Falk, Armin; Fehr, Ernst; Fischbacher, Urs - C.E.P.R. Discussion Papers - 2001
In this Paper we show that a simple model of fairness preferences explains major experimental regularities of common …
Persistent link: https://www.econbiz.de/10005123667
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The Behavioural Effects of Minimum Wages
Falk, Armin; Fehr, Ernst; Zehnder, Christian - C.E.P.R. Discussion Papers - 2005
The prevailing labour market models assume that minimum wages do not affect the labour supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects’ reservation wages. The temporary introduction of a minimum...
Persistent link: https://www.econbiz.de/10005124189
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Do Consumers Care About How Prices Are Set?
Courty, Pascal; Pagliero, Mario - C.E.P.R. Discussion Papers - 2007
Using a survey approach, we ask consumers to reveal their preferences over pricing schemes that may differ in terms of the average price of consumption, the amount of price variation, and the probability of being rationed. We find that consumers dislike pricing schemes that vary prices more but...
Persistent link: https://www.econbiz.de/10005504691
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Fairness and the Optimal Allocation of Ownership Rights
Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2005
the self-interest model nor with models that assume that all people behave fairly, but they can be explained by the theory …
Persistent link: https://www.econbiz.de/10005504775
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Cardiovascular Consequences of Unfair Pay
Falk, Armin; Menrath, Ingo; Siegrist, Johannes; Verde, … - C.E.P.R. Discussion Papers - 2011
particular cardiovascular health, and fairness of pay. …
Persistent link: https://www.econbiz.de/10009144731