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Divide et Impera. Optimnal Deterrence Mechanisms Against Cartels and Organized Crime

Spagnolo, Giancarlo - Econometric Society - 2004

agent that defects from fines and from other agents' punishment; and (b) by increasing the riskiness of crime/collusion, in … organized crime by increasing incentives to "cheat" on partners. Optimally designed "courageous" leniency programs reward the … deterrence. "Moderate" leniency programs that only reduce or cancel sanctions may deter organized crime (a) by protecting an …

Persistent link: https://www.econbiz.de/10005329023

Infrastructure, Competition Regimes and Air Transport Costs: Cross Country Evidence

Micco, Alejandro; Serebrisky, Tomás - Econometric Society - 2004

The relevance of transport costs has increased as liberalization continues to reduce artificial barriers to trade. Countries need to adopt policies to â€œget closerâ€ to global markets. Can improvements in infrastructure and regulation reduce transport costs? Is it worthwhile to implement...

Persistent link: https://www.econbiz.de/10005063556

Inference of Structural Econometric Models: A Unified Approach

Li, Tong - Econometric Society - 2004

This paper considers the parametric inference of a wide range of structural econometric models. The class of models considered includes those with parameter-dependent support and those derived from game-theoretic models. Inference of those models has raised some important econometric issues....

Persistent link: https://www.econbiz.de/10005328964

Nonparametric Identification and Estimation of Multi-Unit, Sequential, Oral, Ascending-Price Auctions with Asymmetric Bidders

Paarsch, Harry J.; Brendstrup, Bjarne - Econometric Society - 2004

Within the independent private-values paradigm, we derive the data-generating process of the winning bid for the last unit sold at sequential English auctions when bidder valuations are draws from one of several different classes of distributions; i.e., in the presence of asymmetries. When the...

Persistent link: https://www.econbiz.de/10005328980

The Impacts of the Americans with Disabilities Act on the Entry and Exit of Retail Firms

Prieger, James E. - Econometric Society - 2004

Congress enacted The Americans with Disabilities Act of 1990 over the protests of small business advocates who claimed that the ADA would trigger a wave of bankruptcies. Although the profitability of firms may suffer from the costs of ADA compliance, no systematic evidence is available. This...

Persistent link: https://www.econbiz.de/10005328982

Does Innovation Cause Exports? Evidence from Exogenous Innovation Impulses and Obstacles Using German Micro Data

Lachenmaier, Stefan; Woessmann, Ludger - Econometric Society - 2004

Trade and growth theories predict a mutual causation of innovation and exports. We test empirically whether innovation causes exports using a uniquely rich German micro dataset. To overcome the potential endogeneity, we need to identify variations in innovations that are exogenous to export...

Persistent link: https://www.econbiz.de/10005342172

Returnable Goods: Refunds and Information Acquisition

Persico, Nicola; Matthews, Steven A. - Econometric Society - 2004

We present two information-based rationales for why sellers of returnable goods tend to offer refunds in excess of the salvage value of the good. Both explanations require at least the potential presence of consumers who can choose to learn their values for the good prior to purchasing.

Persistent link: https://www.econbiz.de/10005342242

Product variety and competition in the retail market for eyeglasses

Watson, Randal - Econometric Society - 2004

I analyze an original dataset on the display inventories of several hundred eyewear retailers to study how firms' product-range choices depend on separation from rivals in geographically-differentiated markets. A two-stage estimation approach is used to model firms' initial location decisions...

Persistent link: https://www.econbiz.de/10005342248

On the incentive to attract competition with network effects

Wang, Gyu Ho; Kim, Chongmin - Econometric Society - 2004

In this paper, we study the incumbent's incentive to share its essential facility when there exist network effects. We show that without network effects, the incumbent will charge an access fee high enough to deter the entry. with network effects, however, the incumbent always has an incentive...

Persistent link: https://www.econbiz.de/10005342300

Does Input Sector Liberalization Promote Quality Innovation and Exports?

Acharyya, Rajat; Bandyopadhyay, Swapnendu - Econometric Society - 2004

This paper examines the relationship between input sector liberalization and product quality innovation and export orientation by a LDC firm given the complementarity between high input quality and high product quality. We show that input sector liberalization per se may not induce quality...

Persistent link: https://www.econbiz.de/10005086434