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Microeconomic Uncertainty and Macroeconomic Indeterminacy

Fagnart, Jean-François; Sneessens, Henri - Institut de Recherche Économique et Sociale (IRES), … - 2001

and microeconomic uncertainty can generate coordination problems and indeterminacy of the macroeconomic equilibrium. With …

Persistent link: https://www.econbiz.de/10004985129

Le problème de la coordination dans la controverse Hayek-Keynes

ZOUACHE, Abdallah - Institut de Recherche Économique et Sociale (IRES), … - 2004

Notre analyse de la coordination inter-individuelle dans la controverse Hayek-Keynes nous permet de distinguer deux … types de problème de coordination. Le problème de coordination au sens de Hayek est temporaire. Il est la conséquence de …. Le problème de coordination au sens de Keynes est permanent. Il est le résultat endogène des interactions entre les …

Persistent link: https://www.econbiz.de/10004985453

Oligopoly Equilibria “à la Stackelberg” in Pure Exchange Economies

Julien, Ludovic A.; Tricou, Fabrice - Institut de Recherche Économique et Sociale (IRES), … - 2010

This paper introduces two equilibrium concepts which extend the notion of Stackelberg competition to cover a general equilibrium framework. From the benchmarks of Cournot-Walras economies and the strategic market games, the introduction of an active leader modifies the working of market power...

Persistent link: https://www.econbiz.de/10011074936

Endogenous trade restrictions and exporters’ pricing

ROVEGNO, Laura - Institut de Recherche Économique et Sociale (IRES), … - 2013

This paper analyses the effect of antidumping (AD) duties on the pricing behaviour of exporters targeted with these measures. Using product and firm-level data for South Korea, the study provides evidence of increased export unit values and firms’ markups following the imposition of AD ad...

Persistent link: https://www.econbiz.de/10010741941

Efficiency gains and mergres

Giuseppe, DE FEO - Institut de Recherche Économique et Sociale (IRES), … - 2008

In the theoretical literature, strong arguments have been provided in support of the efficiency defense in antitrust merger policy. One of the most often cited results is due to Williamson (1968) that shows how relatively small reduction in cost could offset the deadweight loss of a large price...

Persistent link: https://www.econbiz.de/10004984702

Successive oligopolies and decreasing returns

Jean J., GABSZEWICZ; Skerdilajda, ZANAJ - Institut de Recherche Économique et Sociale (IRES), … - 2008

In this paper we propose an example of successive oligopolies where the downstream firms share the same decreasing returns technology of the Cobb-Douglas type. We stress the differences between the conclusions obtained under this assumption and those resulting from the traditional example...

Persistent link: https://www.econbiz.de/10004984736

The media and advertising : a table of two-sided markets

Simon P., ANDERSON; Jean J., GABSZEWICZ - Institut de Recherche Économique et Sociale (IRES), … - 2005

Media industries are important drivers of popular culture. A large fraction of leisure time is devoted to radio, magazines, newspapers, the Internet, and television (the illustrative example henceforth). Most advertising expenditures are incurred for these media. They are also mainly supported...

Persistent link: https://www.econbiz.de/10004984747

Optimal ownership in joint ventures with contributions of asymmetric partners

Marco, MARINUCCI - Institut de Recherche Économique et Sociale (IRES), … - 2008

This paper faces two questions concerning Joint Ventures (JV) agreements. First, we study how the partners contribution affect the creation and the profit sharing of a JV when partners’ effort is not obervable. Then, we see whether such agreements are easier to enforce when the decision on JV...

Persistent link: https://www.econbiz.de/10004984786

Competitive in successive markets : entry and mergers

GABSWEWICZ, Jean J.; ZANAJ, Skerkilajda; Skerdilajda, ZANAJ - Institut de Recherche Économique et Sociale (IRES), … - 2006

This paper analyses successive markets where the intra-market linkage depends on the technology used to produce the final output. We investigate entry of new firms, when entry obtains by expanding the economy as well as collusive agreements between firms. We highlight the differentiated effects...

Persistent link: https://www.econbiz.de/10004984794

A note on successive oligopolies and vertical mergers

Jean J., GABSZEWICZ; Skerdilajda, ZANAJ - Institut de Recherche Économique et Sociale (IRES), … - 2007

In this paper we analyze how the technology used by downstream firms can influence input and output market prices. We show via an example that both these prices increase under a decreasing returns technology while the countrary holds when the technology is constant.

Persistent link: https://www.econbiz.de/10004984800