Showing 1 - 10 of 93
The paper presents the differences between the design of a closed and an open team sports league. Then it compares the theoretical models of a closed league with profit maximizing clubs and an open league with win maximizing clubs. Both models are now outdated by a Nash equilibrium model which...
Persistent link: https://www.econbiz.de/10010635114
between competition as an ideal and the feasibility of competition in the railroad sector; this distinction is implicit in … Dupuit's work, but it helps us to grasp that, in his opinion, unlimited competition is not possible in the railroads and that …
Persistent link: https://www.econbiz.de/10010575558
, all cotton sector stakeholders do recognize that there is a big issue of excessive competition from a great number of … nevertheless will remain a short term one if no regulation is provided to prevent the market development from excessive and unfair … competition. The case analysed is a good illustration of the shortfalls of unregulated competition. It is however ineffective to …
Persistent link: https://www.econbiz.de/10008791670
Current EU policy exempts horizontal R&D agreements from antitrust con- cerns when the combined market shares of participants are low enough. This paper argues that existing theory does not support limiting the exemption to low market shares. This is done by introducing a set of non-innovating...
Persistent link: https://www.econbiz.de/10008791808
In this paper, we study the inflation dynamics in an industrial inflation-targeting country (New Zealand). Our objective is to check if the inflation targeting policy has a transition period or not. Loosely speaking, we try to give some response to the famous debate: if the inflation targeting...
Persistent link: https://www.econbiz.de/10008790618
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 … supports the public intervention better. Under certain circumstances, the environmental regulation can increase both profit and …
Persistent link: https://www.econbiz.de/10010605341