Similar Search Results

Price Competition with Information Disparities in a Vertically Differentiated Duopoly

Cavaliere, Alberto - Fondazione ENI Enrico Mattei (FEEM) - 2004

In this paper we extend the model of vertical product differentiation to also consider information disparities about the extent of quality differences. Equilibrium prices turn out to depend not only on the share of informed consumers but also on uninformed consumers beliefs about quality...

Persistent link: https://www.econbiz.de/10005385350

Why do Firms Hold Oil Stockpiles?

Mason, Charles F. - Fondazione ENI Enrico Mattei (FEEM) - 2011

Persistent and significant privately-held stockpiles of crude oil have long been an important empirical regularity in the United States. Such stockpiles would not rationally be held in a traditional Hotelling-style model. How then can the existence of these inventories be explained? In the...

Persistent link: https://www.econbiz.de/10009421250

Investments in Quality, Collective Reputation and Information Acquisition

Fontini, Fulvio; Millock, Katrin; Moretto, Michele - Fondazione ENI Enrico Mattei (FEEM) - 2013

In many cases consumers cannot observe firms’ investment in quality or safety, but have only beliefs on the average quality of the industry. In addition, the outcome of the collective investment game of the firms may be stochastic since firms cannot control perfectly the technology or external...

Persistent link: https://www.econbiz.de/10010833913

A Theory of Strategic Diffusion

Goyal, Sanjeev; Galeotti, Andrea - Fondazione ENI Enrico Mattei (FEEM) - 2007

The important role of friends, neighbors and colleagues in shaping individual choices has been brought out in a number of studies over the years. The presence of significant ‘local’ influence in shaping individual behavior suggests that firms, governments and developmental agencies should...

Persistent link: https://www.econbiz.de/10005423135

Contracting for Impure Public Goods: Carbon Offsets and Additionality

Mason, Charles F.; Plantinga, Andrew J. - Fondazione ENI Enrico Mattei (FEEM) - 2011

Governments contracting with private agents for the provision of an impure public good must contend with agents who would potentially supply the good absent any payments. This additionality problem is centrally important in the use of carbon offsets as part of climate change mitigation....

Persistent link: https://www.econbiz.de/10008853073

Platform Competition with Endogenous Multihoming

Roson, Roberto - Fondazione ENI Enrico Mattei (FEEM) - 2005

A model of two-sided market (for credit cards) is introduced and discussed. In this model, agents can join none, one, or more than one platform (multihoming), depending on access prices and the choices made by agents on the opposite market side. Although emerging multihoming patterns are,...

Persistent link: https://www.econbiz.de/10005570366

Civic Capital and the Size Distribution of Plants: Short-Run Dynamics and Long-Run Equilibrium

Bürker, Matthias; Minerva, G. Alfredo - Fondazione ENI Enrico Mattei (FEEM) - 2012

We characterize how the size distribution of plants, within narrowly defined industries, changed in Italy over a ten-year time span, and relate this to the stock of civic capital at the provincial level. Data on plant size come from the 1991 and 2001 Italian censuses. Civic capital turns out to...

Persistent link: https://www.econbiz.de/10010904924

Does Social Capital Create Trust? Evidence from a Community of Entrepreneurs

Sabatini, Fabio - Fondazione ENI Enrico Mattei (FEEM) - 2009

Which kind of social capital fosters the diffusion of development-oriented trust? This paper carries out an empirical …), and different forms of trust (knowledge-based trust, social trust, trust towards public services and political … the main factors fostering the diffusion of social trust among entrepreneurs are the perception that the local community …

Persistent link: https://www.econbiz.de/10005008020

The Future of Securities Regulation

Zingales, Luigi - Fondazione ENI Enrico Mattei (FEEM) - 2009

The U.S. system of security law was designed more than 70 years ago to regain investors’ trust after a major financial …

Persistent link: https://www.econbiz.de/10005012131

Does Diversity Drive Down Trust?

Uslaner, Eric M. - Fondazione ENI Enrico Mattei (FEEM) - 2006

Some researchers claim that diverse populations lead to less trust. Generalized trust is a core value that leads to …. Generalized trust fundamentally rests upon a foundation of respect for diversity, but at the same time arguing that societies have … a common culture. It is the idea that people have a shared fate. Generalized trust rests upon a foundation of economic …

Persistent link: https://www.econbiz.de/10005423119