Showing 1 - 10 of 10
Historically, tariffs have been an attractive policy tool to protect domestic industries. The benefits of such a policy are based on theoretical models that assume foreign manufacturers sell directly to consumers. However, recent empirical evidence suggests that wholesalers and retailers play an...
Persistent link: https://www.econbiz.de/10010877688
This paper investigates the implications for international markets of the existence of retailers/wholesalers with market power. Two main results are shown. First, in the presence of buyer power trade liberalization may lead to retail market concentration. Due to this concentration retail prices...
Persistent link: https://www.econbiz.de/10005013951
large when market structure effects are taken into account, and that restrictions on retailing may have significant effects …
Persistent link: https://www.econbiz.de/10008596602
account. I present a new model of retailing in general equilibrium and explore its implications for a number of different …
Persistent link: https://www.econbiz.de/10005051532
We develop a general-equilibrium model to capture key features of the retailing and of the manufacturing industry in … shift in employment from manufacturing to retailing, the rise in retailer product assortment and the emergence of slotting … concentration is best explained by technological change in retailing. We also identify a novel benefit from market integration …
Persistent link: https://www.econbiz.de/10009150657
We analyse how different labour market institutions - employment protection versusflexicurity - affect technology adoption in unionised firms. We consider both trade unions’ incentives to oppose or endorse labour-saving technology, and firms’ incentives to invest in such technology. We find...
Persistent link: https://www.econbiz.de/10005765710
There is a well-known debate about the roles of geography versus institutions in explaining the long-term development of countries. These debates have usually been based on cross-country regressions where questions about parameter heterogeneity, unobserved heterogeneity, and endogeneity cannot...
Persistent link: https://www.econbiz.de/10005094269
This paper examines how product market competition affects firms’ timing of adopting a new technology as well as whether the market provides sufficient adoption incentives. It shows that adoption dates differ not only among symmetric firms but also among markets with Cournot and Bertrand...
Persistent link: https://www.econbiz.de/10005034642
We propose a new methodology exploring Markov perfect equilibrium strategies in differential games with regime switching. Specifically, we develop a general game with two players having two kinds of strategies. Players choose an action that influences the evolution of a state variable, and...
Persistent link: https://www.econbiz.de/10010747209
This paper analyzes the dynamic incentives for technology adoption under a transferable permits system, which allows for strategic trading on the permit market. Initially, firms can invest both in low-emitting production technologies and trade permits. In the model, technology adoption and...
Persistent link: https://www.econbiz.de/10008914285