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Mark-up and Capital Structure of the Firm facing Uncertainty

Chatelain - EconWPA - 2004

This note shows that, with pre-set price and capital decisions of firms facing uncertainty and financial market imperfections, price, mark up and the expected degree of capacity utilization (resp. capital) decreases (resp. increases) with the firm internal net worth.

Persistent link: https://www.econbiz.de/10005134898

Naked Exclusion: A Reply

Rasmusen, Eric; Ramseyer, J. Mark; Wiley, John - EconWPA - 1999

Our one-page reply to Whinston and Siegal's forthcoming AER article correcting and elaborating our 1991 AER article.

Persistent link: https://www.econbiz.de/10005561430

The economic theory of quasi-exclusive territory

Nikae, Daisuke; Ikeda, Takeshi - EconWPA - 2005

This paper introduces the economic theory of gquasi-exclusive territory.h We consider vertical dealings with two …

Persistent link: https://www.econbiz.de/10005561437

Some Critical Provisions in the Antimonopoly Laws of Central and Eastern Europe

Pittman, Russell - EconWPA - 2001

Antimonopoly laws must contain effective provisions for the attack of exclusionary behavior by firms with market power while at the same time not attacking procompetitive behavior by entrants or incumbents. This paper suggests seven textual criteria by which a new law may be evaluated in its...

Persistent link: https://www.econbiz.de/10005561465

Eliciting Demand Information through Cheap Talk: An Argument in Favor of Price Regulations

Frisell, Lars; Lagerlof, Johan N.M. - EconWPA - 2005

A firm must decide whether to launch a new product. A launch implies considerable fixed costs, so the firm would like …

Persistent link: https://www.econbiz.de/10005412896

Externalities of the Microsoft^Rs Network Goods

Leitão, João; Osório, Carlos - EconWPA - 2002

This paper aims to make a public statement about the strategy implemented by Microsoft in order to reinforce its market power across the networked users of Windows Operative System, and Xbox Games Console. It is presented an economic view that supports the anticipating (not predatory) position...

Persistent link: https://www.econbiz.de/10005412955

Vertical Restraints and Parallel Imports with Differentiated Products

Cosac, Teodora - EconWPA - 2004

wholesale price in one country might induce a retailer to resell the good for profit in the other country, generating thereby …

Persistent link: https://www.econbiz.de/10005134426

The Determinants of Optimal Interchange Fees in Payment Systems

Wright, Julian - EconWPA - 2001

characterizes the output maximizing, profit maximizing and welfare maximizing level of such an interchange fee. It examines how the … optimal level of the fee depends on costs, profits margins, pass-through coefficients, participation rates, and membership … which drive deviations between the output maximizing, profit maximizing, and welfare maximizing interchange fees. …

Persistent link: https://www.econbiz.de/10005134433

The Competitive Effects of Price-Floors

Bhaskar, V.; UK, Andrews KY16 9AL - EconWPA - 1996

We analyze the effects of a legally-binding price floor using Hotelling's model of locational competition. A moderate price-floor destroys the maximal differentiation equilibrium of d'Aspremont et. al., by allowing firms to compete more aggressively for market share. Minimum differentiation...

Persistent link: https://www.econbiz.de/10005134523

Contracting with Externalities

Segal, Ilya - EconWPA - 1998

The paper studies inefficiencies arising in contracting between one principal and N agents when the utility of each agent depends on all agents' trades with the principal. When the principal commits to a set of publicly observable bilateral contract offers, the arising inefficiency is due...

Persistent link: https://www.econbiz.de/10005125878