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In Defense of Trusts: R&D Cooperation in Global Perspective
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - Tinbergen Instituut - 2013
corresponding increased potential for product market collusion. We consider all trajectories that are candidates for an optimal … collusion could thus yield higher total surplus. …
Persistent link: https://www.econbiz.de/10011256291
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Oligopolistic Competition in Price and Quality
Dubovik, Andrei; Janssen, Maarten C.W. - Tinbergen Instituut - 2008
This discussion paper led to an article in <I>Games and Economic Behavior</I> (2012), pp. 120-138.<P> We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered,...</p></i>
Persistent link: https://www.econbiz.de/10011255624
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Signaling Quality through Prices in an Oligopoly
Janssen, Maarten C.W.; Roy, Santanu - Tinbergen Instituut - 2007
is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is …
Persistent link: https://www.econbiz.de/10011255858
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Nonparametric Estimation of the Costs of Non-Sequential Search
Moraga-Gonzalez, Jose Luis; Sandor, Zsolt; Wildenbeest, … - Tinbergen Instituut - 2008
We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an …
Persistent link: https://www.econbiz.de/10011256013
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Maximum Likelihood Estimation of Search Costs
Moraga-Gonzalez, Jose Luis; Wildenbeest, Matthijs R. - Tinbergen Instituut
oligopoly and present a new maximum likelihood method to estimate search costs. We apply our method to a data set of online …
Persistent link: https://www.econbiz.de/10011256946
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Imports as Product and Labour Market Discipline
Boulhol, Hervé; Dobbelaere, Sabien; Maioli, Sara - Tinbergen Instituut - 2009
This discussion paper resulted in a publication in the <I>British Journal of Industrial Relations</I>, 49(2), 331-361. 10.1111/j.1467-8543.2009.00760.x<P> This paper tests the pro-competitive effect of trade in the product and labour markets of UK manufacturing sectors between 1988 and 2003 using a...</p></i>
Persistent link: https://www.econbiz.de/10011255952
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Panel Data Estimates of the Production Function and Product and Labor Market Imperfections
Dobbelaere, Sabien; Mairesse, Jacques - Tinbergen Instituut - 2009
This discussion paper resulted in a publication in the <I>Journal of Applied Econometrics</I>, 2013, 28(1), 1-46. 10.1002/jae.1256 Embedding the efficient bargaining model into the R. Hall (1988) approach for estimating price-cost margins shows that both imperfections in the product and labor markets...</i>
Persistent link: https://www.econbiz.de/10011257250
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Strategic Targeted Advertising
Galeotti, Andrea; Moraga, Jose Luis - Tinbergen Instituut - 2003
We present a strategic game of pricing and targeted-advertising. Firms cansimultaneously target priceadvertisements to different groups of customers, or to the entiremarket. Pure strategy equilibria do not exist and thus marketsegmentation cannot occur surely. Equilibria exhibit random...
Persistent link: https://www.econbiz.de/10011255542
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Legal Principles in Antitrust Enforcement
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Instituut - 2013
challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly … welfare under these legal principles. The optimal fine schedule remains below the maximum fine and induces collusion on a … lower price by making it more attractive than collusion on higher prices. For a range of low cartel prices, the fine is set …
Persistent link: https://www.econbiz.de/10011255939
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Penalizing Cartels: The Case for Basing Penalties on Price Overcharge
Katsoulacos, Yannis; Motchenkova, Evgenia; Ulph, David - Tinbergen Instituut - 2014
In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a systematic comparison of a penalty based on the cartel overcharge with...
Persistent link: https://www.econbiz.de/10011261929