Showing 1 - 10 of 59
This paper proposes that reforms by vote-seeking governments and the existence of reform-adverse voters are logically compatible. This results from a commitment problem on the part of voters. Due to economic voting voters cannot credibly commit to reelect a non-reforming government during a...
Persistent link: https://www.econbiz.de/10011092149
Areeda and Turner (1975) were the first to argue that a price below marginal costs should be considered a sign of predation. Recognizing that marginal cost data were typically unavailable, the authors concluded that a price below average variable cost should be presumed unlawful. This socalled...
Persistent link: https://www.econbiz.de/10011144441
Abstract: Pricing pressure indices have recently been proposed as alternative screening devices for horizontal mergers involving differentiated products. We extend the concept of Upward Pricing Pressure (UPP) proposed by Farrell and Shapiro (2010) to two-sided markets. Examples of such markets...
Persistent link: https://www.econbiz.de/10011090717
Pianists who achieve high scores in the Queen Elizabeth musical competition are rewarded by subsequent success.It is not clear whether this is caused by the score itself or because those who have high scores are better pianists anyway. Since the timing and the order of appearance are good...
Persistent link: https://www.econbiz.de/10011090955
This paper investigates the reading of fiction books by 15-year-olds in 18 OECD countries.It appears that girls fiction books more often than boys, whereas boys read comic books more often than girls.The intensity by which children read fiction books is influenced by parental education, family...
Persistent link: https://www.econbiz.de/10011091054
Abstract: We build a framework linking competition in the media market to political participation, media slant, and … selection of politicians. Media outlets report on the ability of candidates running for office and compete for audience through … entry in the media market can either increase or decrease turnout. We also provide insights about the impact of competition …
Persistent link: https://www.econbiz.de/10011091722
Abstract: We analyse a newspaper market where two editors first choose the political position of their newspaper, then set cover prices and advertising tariffs. We build on the work of Gabszewicz, Laussel and Sonnac (2001, 2002), whose model of competition among newspaper publishers we take as...
Persistent link: https://www.econbiz.de/10011091765
We compare different methods to assess unilateral merger effects in a two-sided market by applying them to a hypothetical merger in the Dutch newspaper industry. For this, we first specify and estimate a structural model of demand for differentiated products on both the readership and the...
Persistent link: https://www.econbiz.de/10011092515
Abstract: When it comes to economic reforms in developing countries, many economists agree on broad objectives (such as fostering outward orientation). Broad objectives, however, can be pursued in many di¤erent ways, and policy experimentation is often indispensable for learning which...
Persistent link: https://www.econbiz.de/10011090351
This paper considers the political economy of the mix of profit, investment and saving taxation in a small open economy where agents generally differ in their shares of profit and other income.In this setting, capital income taxation can have the dual role of financing government spending and of...
Persistent link: https://www.econbiz.de/10011090707