Showing 1 - 10 of 47
Buyers are typically unaware of the full set of offers when making a purchase. This paper examines how international trade interacts with this problem of market intransparency. Sellers must communicate their offers through costly advertising, but cannot reach all buyers. Consequently, no market...
Persistent link: https://www.econbiz.de/10010635068
interval of values of the spillover parameter such that the relationship between competition and growth is an inverted-U-shape. …
Persistent link: https://www.econbiz.de/10010933868
is high, a single sender never discloses. Competition restores full disclosure only if some of the senders are … symmetric equilibria approach full disclosure as competition increases. …
Persistent link: https://www.econbiz.de/10009652974
This paper shows that dominant firms may wish to encourage competition in vertically-related markets. It shows that …
Persistent link: https://www.econbiz.de/10010535378
number of agents because competition reduces the agents' informational monopoly power. However, this environment also … tendency to choose more 'generous' (and more efficient) contract menus over time. We find that competition leads to a … substantially higher probability of trade, and that, overall, competition between agents generates the most efficient outcomes. …
Persistent link: https://www.econbiz.de/10009220690
secondary market where independent remanufacturers enter the competition. An environmental regulation imposing a minimum level … regulation. However, if an environmental regulation is to be implemented, collusion should be repressed since competition …
Persistent link: https://www.econbiz.de/10010605341
of financing and transport policy : is it possible to encourage intermodality without distorting competition on final …
Persistent link: https://www.econbiz.de/10010898463
We study the impact of local competition on assortments' attractiveness. The first aim of our paper is to provide a … develop a model of retail sales that takes into account competition intensity as well as assortment composition factors …
Persistent link: https://www.econbiz.de/10010898679
suppresses downstream competition but also and more surprisingly dampens upstream competition, leading to higher prices and lower …
Persistent link: https://www.econbiz.de/10010899191
Many studies have attempted to investigate the determinants and implications of competition in the banking industry …. The literature on the measurement of competition can be divided between the structural and non-structural approaches. The … structural approach infers the degree of competition from the structure of the market. The non-structural approach, based on the …
Persistent link: https://www.econbiz.de/10010899551