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Regulation of an open access essential facility

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

competitor. We show that this mechanism is welfare improving but it generates inefficient entry. That is a more efficient …

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

Entry, exit, and imperfect competition in the long run

AMIR, Rabah; LAMBSON, Val - Center for Operations Research and Econometrics (CORE), … - 2003

An infinite-horizon, stochastic model of entry and exit with sunk costs and imperfect competition is constructed … to exhibit excessive entry and insufficient exit relative to a social optimum. …. Simple examples provide insights into: (1) the relationship between sunk costs and industry concentration, (2) entry when …

Persistent link: https://www.econbiz.de/10005065444

A real options model for electricity capacity expansion

GAHUNGU, Joachim; SMEERS, Yves - Center for Operations Research and Econometrics (CORE), … - 2011

This paper proposes a real option capacity expansion model for power generation with several technologies that differ in operation and investment costs. The economy is assumed perfectly competitive and the instantaneous payoff accruing from the generation system is the instantaneous welfare...

Persistent link: https://www.econbiz.de/10010927715

Toward a theory of monopolistic competition

PARENTI, Mathieu; USHCHEV, Philip; THISSE, Jacques-François - Center for Operations Research and Econometrics (CORE), … - 2014

mass of varieties. We impose intuitive conditions on this function to guarantee the existence and uniqueness of a free-entry …

Persistent link: https://www.econbiz.de/10011246296

Crowdfunding: tapping the right crowd

BELLEFLAMME, Paul; LAMBERT, Thomas; SCHWIENBACHER, Armin - Center for Operations Research and Econometrics (CORE), … - 2011

The basic idea of crowdfunding is to raise external finance from a large audience (the “crowd”), where each individual provides a very small amount, instead of soliciting a small group of sophisticated investors. The paper develops a model that associates crowdfunding with pre-ordering and...

Persistent link: https://www.econbiz.de/10010610459

A new perspective on the firm size-growth relationship: shape of profits, investment and heterogeneous credit constraints

MAYNERIS, Florian - Center for Operations Research and Econometrics (CORE), … - 2011

This paper shows that the diverging results obtained in the literature on the firm size-growth relationship can be reconciled in a very general theoretical framework featuring firm-level heterogeneity and investment decision. Three main elements determine the nature and the intensity of the...

Persistent link: https://www.econbiz.de/10010610489

Monopolistic competition and income dispersion

OSHARIN, Alexander; THISSE, Jacques-François; USHCHEV, … - Center for Operations Research and Econometrics (CORE), … - 2013

We develop a model of monopolistic competition that accounts for consumers' heterogeneity in both incomes and preferences. This model makes it possible to study the implications of income redistribution on the toughness of competition. We show how the market outcome depends on the joint...

Persistent link: https://www.econbiz.de/10010752807

Modelling Practical Lot-Sizing Problems as Mixed iInteger Programs.

Belvaux, G.; Wolsley, L.A. - Center for Operations Research and Econometrics (CORE), … - 2000

After reviewing some of the basic preprocessins techniques for handling safety stocks and multilevel problems, we discusss a variety of aspects arising particularly in small and large bucket (time period) models such as stars-ups, changeovers, minimum batch sizes, choice of one or two set-ups...

Persistent link: https://www.econbiz.de/10005779513

Efficient access pricing and endogenous market structure

DAM, Kaniska; GAUTIER, Axel; MITRA, Manipushpak - Center for Operations Research and Econometrics (CORE), … - 2007

the efficient (Ramsey) prices and access charge taking the impact of a non-discriminatory mechanism on entry decision into … little" entry compared to the socially optimal level. …

Persistent link: https://www.econbiz.de/10005008164

Technology choice and market structure : strategic aspects of flexible manufacturing

NORMAN, George; THISSE, Jacques-François - Center for Operations Research and Econometrics (CORE), … - 1996

need not benefit consumers since the tougher regime deters entry and facilitates segmented market structures. The ability … of flexible manufacturing to deter entry is moderated by two forces: non-prohibitive costs of re-anchoring flexible … variety. Alternatively, flexible manufacturers may prefer to accommodate entry by small-scale, niche firms. …

Persistent link: https://www.econbiz.de/10005008288