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This discussion paper resulted in a publication in the <I>Journal of Economic Dynamics and Control</I> (2013), 37(12), 2729-2754.<P> 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...</p></i>
Persistent link: https://www.econbiz.de/10011256239
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
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
This paper analyzes third-degree price discrimination of a monopoly airline in the presence of congestion externality …
Persistent link: https://www.econbiz.de/10011257630
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
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
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
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
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
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