Showing 1 - 10 of 42
This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric Society to be held in Seattle in August 2000. We discuss the strong connections between auction theory and 'standard' economic theory, and argue that auction-theoretic tools and intuitions can...
Persistent link: https://www.econbiz.de/10005792157
This paper surveys recent work on competition in markets in which consumers face costs to switching between competing firms' products, even when all firms' products are functionally identical. I address issues in macroeconomics, international trade and industrial organization: In a market with...
Persistent link: https://www.econbiz.de/10005123734
We apply a simple method to study the relative quality of Chinese versus European products exported in the clothing … change of export prices and quantities sold in narrowly defined product categories as an indicator of quality shifts. Using … indication of China moving up the quality ladder in its clothing exports relative to the EU. While European ‘core’ products in …
Persistent link: https://www.econbiz.de/10009399710
This paper characterizes price competition between an expert and a non-expert. In contrast with the expert, the non-expert’s repair technology is not always successful. Consumers visit the expert after experiencing an unsuccessful match at the non-expert. This re-entry affects the behaviour of...
Persistent link: https://www.econbiz.de/10005662068
perfection has been achieved the individual will aim for higher quality since the effort is more likely to be worthwhile. Because … standards may nonetheless decline. This mechanism is captured in an oligopoly model, where the failure rate and the quality are …
Persistent link: https://www.econbiz.de/10005666828
providers of contents incentives to invest in higher quality and, as a result, force competitors to reduce their prices …
Persistent link: https://www.econbiz.de/10005789055
We present a model of optimal contracting between a purchaser and a provider of health services when quality has two … dimensions. We assume that one dimension of quality is verifiable (dimension 1) and one dimension is not verifiable (dimension 2 … quality 1 increases or decreases the provider's marginal disutility and the patients' marginal benefit from quality 2 (i …
Persistent link: https://www.econbiz.de/10005791404
-stage model with quality choice made before price competition takes place, we show that EU anti-dumping policy that takes the form … impact of the A-D policy on quality choices is taken into account, European Welfare as well as profits accruing to the …
Persistent link: https://www.econbiz.de/10005791460
‘leapfrogging’ in terms of product qualities. This note presents an example where a minimum quality standard facilitates …
Persistent link: https://www.econbiz.de/10005791553
quality. Under reasonable assumptions on demand, investment incentives turn out to be smaller under vertical separation than …
Persistent link: https://www.econbiz.de/10005791685