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The multiproduct monopolist under vertical differentiation : An inductive approach

LAMBERTINI, Luca - Institut de Recherche Économique et Sociale (IRES), … - 1997

An inductive procedure is adopted to evaluate the behaviour of a multiproduct profit seeking monopolist vis à vis that of a social planner, in a model where there is a continuum of consumers characterized by different marginal willingness to pay for the quality. When the market is completely...

Persistent link: https://www.econbiz.de/10008505535

Subscription as a price descrimination device

GABSZEWICZ, Jean J.; SONNAC, Nathalie - Institut de Recherche Économique et Sociale (IRES), … - 1999

We propose a model representing a newspaper producer supplying a product which can be acquired by the readers either every day per one unit at a time, or by subscription. The population of potential buyers is differentiated according to the frequency at which they want to read the newspaper....

Persistent link: https://www.econbiz.de/10008505589

Quality improvement and network externalities

Jean J., GABSWEWICZ; Filomena, GARCIA - Institut de Recherche Économique et Sociale (IRES), … - 2005

We analyse the optimal pricing choice of an incumbent firm that sells a good with network externalities and is threatened by the entry of a higher quality variant. In the framework of a vertical differentiation model, we find a necessary and sufficient condition under which quality improvement...

Persistent link: https://www.econbiz.de/10004984708

Foreign Direct Investment in Central and Eastern European Countries : The Role of Institutional Reforms

Vannini, Stefano - Institut de Recherche Économique et Sociale (IRES), … - 1994

Despite increasing flows of foreign direct investment (FDI), an important gap still exists between FDI toward Central and Eastern European countries (CEECs) and their actual needs to support structural adjustment. Using a Cournot duopoly model with a profit-maximizing foreign-based multinational...

Persistent link: https://www.econbiz.de/10004984922

Capacity Choice and Preemption of a Foreign Market

Vannini, Stefano - Institut de Recherche Économique et Sociale (IRES), … - 1993

This paper studies the strategic role of foreign direct investment (FDI) in a framework with early-on capacity investments by a multinational enterprise (MNE) and relevant fixed costs. A three-stage game is considered : (i) MNE chooses internationalisation mode, and output to precommit by...

Persistent link: https://www.econbiz.de/10004985241

Vertical integration, technological choice and foreclosure

AVENEL, Eric - Institut de Recherche Économique et Sociale (IRES), … - 2000

This article examines why, and how, fiscal decentralization could increase the economic growth rate (the hypothesis is predatory, or "corrupt", govemments). Searching for the optimal level of decentralization, the article first investigates the effects of an horizontal partition of the political...

Persistent link: https://www.econbiz.de/10004985419

A paradoxical risk aversion effect on the consumers’ demand for quality

BARDEY, David - Institut de Recherche Économique et Sociale (IRES), … - 2004

In this article, we consider a demand model for a durable good with unknown quality. The quality of the good is uncertain in the sense that the consumer ignores (ex ante) whether the good will break down or not, higher quality implying a higher probability of survival. Taking into account this...

Persistent link: https://www.econbiz.de/10004985440

Efficiency of Competition in Insurance Markets with Adverse Selection

Giuseppe, DE FEO; Jean, HINDRIKS - Institut de Recherche Économique et Sociale (IRES), … - 2005

characterize both the competitive and the monopoly market outcomes. When they are two types of risk, the monopoly dominates … competition is less trivial. In effect monopoly is shown to provide better insurance but at the cost of driving out some agents … from the market. Performing simulation for differnt distributions of risk, we find that monopoly in general performs (much …

Persistent link: https://www.econbiz.de/10004984745

Rent-Seeking Bureaucracies in a Schumpeterian Endogenous Growth Model : Effects on Human Capital Accumulation, Inequality and Growth

Luca, SPINESI - Institut de Recherche Économique et Sociale (IRES), … - 2005

Some empirical works from the nineties have shown the existence of a negative relationship between inequality and growth. In this paper I show that the inefficiency of the Public Sector due to agency problems can be a new element that must e considered to explain the negative empirical...

Persistent link: https://www.econbiz.de/10004984831

Delegation and information revelation

Gautier, Axel; Paolini, Dimitri - Institut de Recherche Économique et Sociale (IRES), … - 2000

This paper addresses the question of delegation in an organization where there is an initial asymmetry of information between the principal and the agent. We assume that the principal cannot use revelation techniques à la Baron Myerson to elicit agent's superior information and in contrast, we...

Persistent link: https://www.econbiz.de/10004984983