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Can Subsidies for MARs be Procompetitive?

Krishna, Kala - 2000

In contrast to recent literature, we show that market access requirements (MARs) can be implemented in a procompetitive manner even in the absence of threats in related markets. By focusing on subsidies that are paid only when the requirement is met, we show that a MAR can increase aggregate...

Persistent link: https://www.econbiz.de/10012471147

If at First You Don't Succeed... : Profits, Prices and Market Structure in a Model of Quality with Unknowable Consumer Heterogeneity

Krishna, Kala - 2000

Why are higher quality niches seen as intrinsically more profitable in business circles? Why do high quality products sometimes have a low real price, while it is unusual to see low quality products with high real prices? Can markets have quality differentiation as well as quality bunching? In...

Persistent link: https://www.econbiz.de/10012471282

Reconsidering Contractual Liability and the Incentive to Reveal Information

Bebchuk, Lucian Arye - 1999

In an earlier work, we analyzed how the legal rules governing contractual liability affect the transfer of information between the parties to the contract. In particular, we showed how limitations on contractual liability might lead high valuation buyers to reveal their valuation of performance,...

Persistent link: https://www.econbiz.de/10012471688

Any Non-Individualistic Social Welfare Function Violates the Pareto Principle

Kaplow, Louis - 1999

The public at large, many policymakers, and some economists hold views of social welfare that attach some importance to factors other than individuals' utilities. This note shows that any such non-individualistic notion of social welfare conflicts with the Pareto principle

Persistent link: https://www.econbiz.de/10012471750

The Economic Theory of Public Enforcement of Law

Polinsky, A. Mitchell - 1999

This article surveys the theory of the public enforcement of law -- the use of public agents (inspectors, tax auditors …, police, prosecutors) to detect and to sanction violators of legal rules. We first present the basic elements of the theory … examine a variety of extensions of the central theory, concerning accidental harms, costs of imposing fines, errors, general …

Persistent link: https://www.econbiz.de/10012471807

Economic Analysis of Law

Kaplow, Louis - 1999

This is a survey of the field of economic analysis of law, focusing on the work of economists. The survey covers the three central areas of civil law liability for accidents (tort law), property law, and contracts as well as the litigation process and public enforcement of law

Persistent link: https://www.econbiz.de/10012471847

Rewards versus Intellectual Property Rights

Shavell, Steven - 1999

This paper compares reward systems to intellectual property rights (patents and copyrights). Under a reward system, innovators are paid for innovations directly by government (possibly on the basis of sales), and innovations pass immediately into the public domain. Thus, reward systems engender...

Persistent link: https://www.econbiz.de/10012471851

Content Protection and Oligopolistic Interactions

Krishna, Kala - 1986

In oligopolistic situations content protection can have unexpected effects as it changes the nature of interactions between input suppliers. With a duoply, it does so in a manner that makes the foreign firm wish to match price increases and decreases of the domestic firm. Domestic input...

Persistent link: https://www.econbiz.de/10012477233

Trade Restrictions as Facilitating Practices

Krishna, Kala - 1985

This paper deals with the effect of trade restrictions on competition in oligopolistic markets. Quantitative restrictions, such as VER's (Voluntary Export Restrictions) are shown to affect the extent to which foreign firms can compete in the domestic market, and hence to raise the equilibrium...

Persistent link: https://www.econbiz.de/10012477540

Protection and the Product Line : Monopoly and Product Quality

Krishna, Kala - 1985

Thereare three points made in this paper. The first is that the question concerning choice of a product line by a monopolist is similar in structure to other adverse selection problems -- and can be analyzed in an elementary way by adapting techniques recently developed for such problems. Such...

Persistent link: https://www.econbiz.de/10012477549

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