Showing 1 - 10 of 113
When the production of high quality needs the employment of qualified labour, firms' decisions concerning quality are … affected by the extent to which skills are abundant. By means of a comparison between monopoly and perfect competition, we show …
Persistent link: https://www.econbiz.de/10005478903
The authors examine a variant of the uncapacitated lot-sizing model of Wagner-Within involving sales instead of fixed demands, and lower bounds on stocks. Two extended formulations are presented, as well as a dynamic programming algorithm and a complete description of the convex hull of solutions.
Persistent link: https://www.econbiz.de/10005779512
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
This contribution investigates the effectiveness and welfare implications of fiscal policies in a context of multilateral trade, when traders behave strategically. The present approach deals simultaneously with two aspects of fiscal policies: collecting resources for redistributive purposes and...
Persistent link: https://www.econbiz.de/10005669327
This paper compares the welfare effects of ad valorem and per unit commodity taxation, in a model of oligopolistic …
Persistent link: https://www.econbiz.de/10005634058
This paper follows Jones (2005) in his approach to deriving the global production function from microfoundations. His …-augmenting developments. Using the Clayton copula family to capture this dependence, we derive a 'Clayton-Pareto' class of production … functions that nests both the Cobb-Douglas and the CES. Embedding the resultant production function in a neoclassical growth …
Persistent link: https://www.econbiz.de/10005043370
. This model provides a relaxation of various capacitated production planning problems, more general fixed charge network …
Persistent link: https://www.econbiz.de/10005779529
coexistence of both types of firms: heterogeneity in production efficiency, captured by economies of scope for large firms …
Persistent link: https://www.econbiz.de/10010735623
We model a labor market in which workers’ level of education might be a signal of skills. We show that whenever the wage premium for education increases over time – as it might happen under skill biased technological progress – the investment in education needed to sustain a separating...
Persistent link: https://www.econbiz.de/10010927686
I analyze a market where there is a homogeneous good, which quality is chosen, and therefore known, by a single producer. Consumers do not know the quality of the good but they use their acquaintances in order to obtain information about it. Information transmission exhibits decay and consumers...
Persistent link: https://www.econbiz.de/10005042872