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BRECHET, Thierry; TULKENS, Henry - Center for Operations Research and Econometrics (CORE), … - 2013

That climate policies are costly is evident and therefore often creates major fears. But the alernative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are, and in addition, they are substitutes. This brings climate policies naturally in the...

Persistent link: https://www.econbiz.de/10010927667

Intergenerational equity and the discount rate for cost-benefit analysis

Mertens, Jean-François; Rubinchik, Anna - Center for Operations Research and Econometrics (CORE), … - 2008

For two independent principles of intergenerational equity, the implied discount rate equals the growth rate of real per-capita income, say 2%, thus falling right into the range suggested by the U.S. Offce of Management and Budget. To prove this, we develop a simple tool to evaluate small policy...

Persistent link: https://www.econbiz.de/10005008455

Equivalent income and the economic evaluation of health care

FLEURBAYE, Marc; LUCHINI, Stéphane; MULLER, Christophe; … - Center for Operations Research and Econometrics (CORE), … - 2010

We argue that the economic evaluation of health care (cost-benefit analysis) should respect individual preferences and should incorporate distributional consid- erations. Relying on individual preferences does not imply subjective welfarism. We propose a particular non- welfarist approach, based...

Persistent link: https://www.econbiz.de/10008550199

Optimal enforcement of competition policy : the commitments procedure under uncertainty

GAUTIER, Axel; PETIT, Nicolas - Center for Operations Research and Econometrics (CORE), … - 2014

Since the introduction of a formal commitments procedure in EU an- titrust policy (Article 9 of Council Regulation 1/2003), the European Commission has extensively settled cases of alleged anticompetitive practices. In this paper, we use a formal model of law enforcement (Be- bchuk, 1984; Shavell,...

Persistent link: https://www.econbiz.de/10011246329

Hawks and doves in segmented markets: A formal approach to competitive aggressiveness

D’ASPREMONT, Claude; DOS SANTOS FERREIRA, Rodolphe; … - Center for Operations Research and Econometrics (CORE), … - 2012

Competitive aggressiveness is analyzed in a simple spatial competition model, where each one of two firms supplies two … controlled by each firm through its manager hiring decision, in a preliminary stage of a delegation game. When competition is … effect on profitability of more intense competition. …

Persistent link: https://www.econbiz.de/10010927732

Regulation of an open access essential facility

GAUTIER, Axel; MITRA, Manipushpak - Center for Operations Research and Econometrics (CORE), … - 2003

consumers. The regulator designs a mechanism that guarantees financing of the essential input and adequate competition in the …

Persistent link: https://www.econbiz.de/10005008615

Efficiency of competition in insurance markets with adverse selection

DE FEO, Giuseppe; HINDRIKS, Jean - Center for Operations Research and Econometrics (CORE), … - 2005

There is a general presumption that competition is a good thing. In this paper we show that competition in the … competition if and only if competition leads to market unravelling. When there are a continuum of types the efficiency of … competition is less trivial. In effect monopoly is shown to provide better insurance but at the cost of driving out some agents …

Persistent link: https://www.econbiz.de/10005008696

On efficiency, concentration and welfare

BOCCARD, Nicolas - Center for Operations Research and Econometrics (CORE), … - 2009

The welfare impact of a merger involves the market power offense and the efficiency defense. Salant et al. (1983) show that mergers among symmetric firms are unprofitable except for monopolization. We characterize the limit to this merger paradox in a simple linear Cournot oligopoly with...

Persistent link: https://www.econbiz.de/10008494368

Strategic Complements and Substitutes in Bilateral Oligopolies.

Bloch, F.; Ferrer, H. - Center for Operations Research and Econometrics (CORE), … - 1998

This note analyzes the effect of product complementarity in a bilateral oligopoly. We show that offers of traders on the two sides of the market are strategic complements (substitutes) if and only if the two goods are substitutes (complements). The outcome of the bilateral oligopoly game...

Persistent link: https://www.econbiz.de/10005779403

STACKELBERG LEADERSHIP AS A NATURAL SOLUTION UNDER COST UNCERTAINTY.

ALBAEK, S. - Center for Operations Research and Econometrics (CORE), … - 1989

Persistent link: https://www.econbiz.de/10005779406