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From Mind to Market: A Global, Dynamic Analysis of R&D

Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - Tinbergen Instituut - 2011

This discussion paper resulted in a publication in the Journal of Economic Dynamics and Control (2013), 37(12), 2729-2754. Existing models of R&D are not easily reconciled with four observable aspects of R&D: initial technologies ('ideas') need to be developed further, only a minority of initial...

Persistent link: https://www.econbiz.de/10011256239

Single-Till versus Dual-Till Regulation of Airports

Czerny, Achim I.; Zhang, Anmin - Tinbergen Instituut - 2015

are privately owned and experience little or no ex-ante regulation of airport charges. On the other hand, airports … activities into the regulation of airport infrastructure charges? This question is addressed in this paper. We discuss basic …

Persistent link: https://www.econbiz.de/10011261935

Deterministic versus Random Utility: Implied Patterns of Vertical Product Differentiation in a Multi-Product Monopoly

Behrens, Christiaan; Lijesen, Mark; Pels, Eric; … - Tinbergen Instituut - 2012

In this article we study patterns of vertical product differentiation in a multi-product monopoly using a random …

Persistent link: https://www.econbiz.de/10011256885

Third-degree Price Discrimination in the Presence of Congestion Externality

Czerny, Achim I.; Zhang, Anming - Tinbergen Instituut - 2014

This paper analyzes third-degree price discrimination of a monopoly airline in the presence of congestion externality …

Persistent link: https://www.econbiz.de/10011257630

Can market power be controlled by regulation of core prices alone?: An empirical analysis of airport demand and car rental price

Czerny, Achim I.; Shi, Zijun; Zhang, Anming - Tinbergen Instituut - 2015

a major share in total revenue, monopoly regulation typically concentrates on the control of core-good prices (“core … prices” in short). Whether market power can indeed be effectively controlled by the regulation of core prices alone then … implication of our findings is that for the case of airports, the effective control of market power may require regulation of both …

Persistent link: https://www.econbiz.de/10011256273

Customer Directed Advertising and Product Quality

Esteban, Lola; Hernandez, Jose M.; Moraga-Gonzalez, … - Tinbergen Instituut - 2001

This paper studies the relationship between three key elements of the marketing mix, namely, price, product, and promotion, in a model where a seller employs informative advertising to launch a new product. We propose a fairly general advertising technology for the study of three promotional...

Persistent link: https://www.econbiz.de/10011256530

Platform Intermediation in a Market for Differentiated Products

Galeotti, Andrea; Moraga-Gonzalez, Jose Luis - Tinbergen Instituut - 2008

constraint efficient in the sense that the monopoly platform does not introduce distortions over and above those arising from the …

Persistent link: https://www.econbiz.de/10011256378

Loss Modification Incentives for Insurers under Expected Utility and Loss Aversion

Soetevent, Adriaan R.; Zhou, Liting - Tinbergen Instituut - 2014

Given the possibility to modify the probability of a loss, will a profit-maximizing insurer engage in loss prevention or is it in his interest to increase the loss probability? This paper investigates this question. First, we calculate the expected profit maximizing loss probability within an...

Persistent link: https://www.econbiz.de/10011256470

A Monopolist in Public Transport: Undersupply or Oversupply?

Karamychev, Vladimir A.; Reeven, Peran van - Tinbergen Instituut - 2009

likely to occur when this distribution is rather flat. In particular, monopoly production results in the oversupply of …

Persistent link: https://www.econbiz.de/10011257060

Starting an R&D Project under Uncertainty

Dobbelaere, Sabien; Luttens, Roland Iwan; Peters, Bettina - Tinbergen Instituut - 2009

We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is modelled as a lottery between a decrease and...

Persistent link: https://www.econbiz.de/10011256227