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's vehicle market under ABS and conduct counterfactual simulations to evaluate the welfare impacts of various subsidy designs … subsidy redistribution through product-level subsidies, as suggested by our theoretical model, further enhances welfare gains … by an additional 34% to 62%. Among the ABS designs, China's notched subsidy design based on driving range leads to …
Persistent link: https://www.econbiz.de/10014512118
retaliatory measures from other countries, leading to a wasteful "subsidy race." However, subsidies for sectors with inherent … of a ``subsidy race'' in the semiconductor industry …
Persistent link: https://www.econbiz.de/10014635614
Manufacturers of durable goods can encourage consumers facing transaction costs to upgrade by accepting used units as trade-ins. These "buyback schemes" increase demand for new units, but increase the supply of used units if trade-ins are resold. In this paper, I investigate the equilibrium...
Persistent link: https://www.econbiz.de/10013388853
We study changes in markups across 72 product markets from 2006 to 2018. A growing literature has documented a rise in markups over time using a production function approach; we instead employ the standard microeconomic method, which is to estimate demand and then invert firms' first-order...
Persistent link: https://www.econbiz.de/10014287331
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...
Persistent link: https://www.econbiz.de/10013362001
The network of economists who publish in leading journals is generally perceived as small, exclusive, and tightly knit …. We study how author-editor and author-reviewer network connectivity and "match" influences editor decisions and reviewer …
Persistent link: https://www.econbiz.de/10012814406
estimable formulae for the effects of fiscal policies on aggregate GDP, or fiscal multipliers, and show how network structures …
Persistent link: https://www.econbiz.de/10012794646
assumption that the process starts with every node in the network having a signal. We study a natural extension of the DeGroot … agent. This characterization result then allows us to relate network geometry to information aggregation. We identify an … example of a network structure where essentially only the signal of a single agent is aggregated, which helps us pinpoint a …
Persistent link: https://www.econbiz.de/10012479453
organising its national road systems. I then construct a novel dataset of local network inefficiency and I find that colonial …
Persistent link: https://www.econbiz.de/10012479901
for their legislative activity. We propose a novel equilibrium concept for the network formation game that allows for a …
Persistent link: https://www.econbiz.de/10012479937