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An Experimental Study of Price Dispersion in a Search Model with Advertising
Datta, Shakun; Cason, Timothy N. - Econometric Society - 2004
either charge a high unadvertised price or randomize in an interval of lower advertised prices. Theory predicts that … of the human buyers, this advertising leads to strongly competitive pricing that is inconsistent with the theory …
Persistent link: https://www.econbiz.de/10005063675
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Antidumping Policy Under Imperfect Competition: Theory and Evidence
Crowley, Meredith A. - Econometric Society - 2004
In this paper, I develop and test a model of dumping among imperfectly competitive firms in different countries that face stochastic demand. In the theoretical model, I show that foreign firms dump when they face weak demand in their own markets. I then show that an antidumping duty can improve...
Persistent link: https://www.econbiz.de/10005342255
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Neckties in the Tropics: a Model of International Trade and Cultural Diversity
Rauch, James E.; Trindade, Vitor - Econometric Society - 2004
Some cultural goods, like clothes and films, are consumed socially and are thus characterized by the same consumption network externalities as languages. At the same time, producers of new cultural goods in any one country draw on the stock of ideas generated by previous cultural production in...
Persistent link: https://www.econbiz.de/10005170375
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Scale Economies, Country Size, and Tariff Wars
Lovely, Mary E.; Djeredjian, Daron O. - Econometric Society - 2004
Johnson (1953-54) offered a powerful explanation for the existence of equilibrium tariffs when he showed that governments face incentives to deviate from free trade even in the face of retaliation by their trading partners. Subsequent analyses by Kennan and Riezman (1988) and Syropoulos (2002)...
Persistent link: https://www.econbiz.de/10005702601
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Commercial policy under cross-border ownership
Ishikawa, Jota; Sugita, Yoichi - Econometric Society - 2004
It is often observed that in order to serve the domestic market, foreign firms not only export but also control domestic firms through foreign direct investment (FDI). This paper examines the effects of tariffs, production subsidies, and foreign ownership regulation on prices, outputs, profits,...
Persistent link: https://www.econbiz.de/10005702755
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Optimal Pollution Tax in Cournot Oligopsonistic Oligopoly
Okuguchi, Koji - Econometric Society - 2004
Cournot oligopoly has been studied almost exclusively under the implicit assumption of perfectly competitive factor …,2000) has analyzed Cournot oligopoly under the condition of imperfectly competitive factor markets,i.e.Cournot oligopsonistic … oligopoly. Some economists have analyzed the optimal pollution tax rate which maximizes the net total social surplus for Cournot …
Persistent link: https://www.econbiz.de/10005342168
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Market Power in Mixed Hydro-Thermal Electric Systems
Arellano, M. Soledad - Econometric Society - 2004
This paper shows that, unlike what has been found in other papers, a hydro reservoir is an effective tool to exercise market power. Its appealing as a tool is enhanced by the fact that there is no need to constrain total hydro production - a practice too easy to detect -; it suffices to distort...
Persistent link: https://www.econbiz.de/10005129764
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Estimating Switching Costs for Heterogeneous Consumers: An Application to Wireless Number Portability
Viard, Brian; Seim, Katja - Econometric Society - 2004
This paper uses household-level data of cellular usage to provide estimates of the implied switching costs that preclude consumers from switching providers in the face of competing offers. Our estimation differs from previous switching costs studies in that we are able to observe individual...
Persistent link: https://www.econbiz.de/10005063573
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Price Adjustment with Price Conjectures
Olive, Michael - Econometric Society - 2004
We derive a measure of firm speed of price adjustment that is directly inversely related to market power and compare this to the measure derived by Martin (1993). However, both measures are incorrect when firms have price conjectural variations. This is because Taylor expansions of the demand...
Persistent link: https://www.econbiz.de/10005170373
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Why is on-net traffic cheaper than off-net traffic? Access markup as a collusive device and a barrier to entry.
Vagstad, Steinar; Gabrielsen, Tommy Staahl - Econometric Society - 2004
Received literature have shown that if competing networks are restricted to linear and uniform pricing, high access charges can facilitate collusion; a result that breaks down if we allow for non-linear and discriminatory pricing, however. We show that by adding unbalanced calling pattern to the...
Persistent link: https://www.econbiz.de/10005702527