Showing 1 - 10 of 48
Markets with imperfect competition do not induce a cost-minimizing allocation of production between firms. The market …'s ability to rationalize production is even more limited if costs are private information to firms. Merger in such markets … generate an efficiency gain associated with the pooling of information. Not only may costs be reduced, the price level and …
Persistent link: https://www.econbiz.de/10005670124
The paper shows how prolonged price inertia can arise in a macroeconomic system in which there are temporary price rigidities as well as production lags in the use of intermediate goods. In this context, changes in production demand-generated, say, by changes in the money supply - have...
Persistent link: https://www.econbiz.de/10005486489
No abstract.
Persistent link: https://www.econbiz.de/10010818475
We study the effects of parallel trade in the pharmaceutical industry. We develop a model in which an original manufacturer competes in its home market with parallel-importing firms. The theoretical analysis results in two key hypotheses. First, if the potential for parallel imports is...
Persistent link: https://www.econbiz.de/10005639294
No abstract.
Persistent link: https://www.econbiz.de/10010684480
What is the impact of the increasing dominance of conventional firms in e-commerce? We use a simple model to show that retailers who only sell through Internet have lower on-line prices than retailers who also sell through conventional stores. This proposition is firmly supported by our...
Persistent link: https://www.econbiz.de/10005671121
insured individuals. Thus, the functioning of social norms depends crucially on information, in particular on what norm … enforcers are able to observe about an insured individual’s behavior. Information is also decisive when distinguishing between …
Persistent link: https://www.econbiz.de/10011166099
Persistent link: https://www.econbiz.de/10010818372
information and competence of households, in combination with stiffer competition among firms, will also increase the power of …
Persistent link: https://www.econbiz.de/10005780384
Research Institute of Industrial Economics (IUI). The database covers information about the Swedish parts and the producing …
Persistent link: https://www.econbiz.de/10005780385