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Possajennikov, Alex - University <Nottingham> / Department of Economics - 2008

The paper proves that in two-player logit form symmetric contestswith concave success function, commitment to a particular strategydoes not increase a player's payo, while in contests with more thantwo players it does. The paper also provides a contest-like game inwhich commitment does not...

Persistent link: https://www.econbiz.de/10005868568

BERTRAND AND COURNOT COMPETITIONS IN ADYNAMIC GAME

Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2003

-tournament R&D competition. We consider thatsuccess in R&D is uncertain. We show that whether firms invest more under … Cournotcompetition or Bertrand competition is ambiguous and depends on the probability ofsuccess in R&D but does not depend on the degree … of product differentiation. While‘static’ welfare is higher under Bertrand competition, we find that ‘dynamic’ welfare …

Persistent link: https://www.econbiz.de/10005868906

PRIVATISATION IN A REGULATED MARKET, OPENTO FOREIGN COMPETITION

Sepahvand, Mehrdad - University <Nottingham> / Department of Economics - 2002

The emerging literature on interaction between strategic trade theoryand privatisation uses a simple example to argue that the irrelevanceresult is invalidated if the domestic market is open to foreigncompetition.This paper uses a fairly general framework to show that anythinga regulated...

Persistent link: https://www.econbiz.de/10005868944

GROWING THROUGH SUBSIDIES

Aloi, Marta; Lasselle, Laurence - University <Nottingham> / Department of Economics - 2001

...We rely on Matsuyama (1996, 1999) to study the effects on growth and welfareof non distortive tax/subsidy policies. In particular, we are interested ininvestigating the stabilising/destabilising effects of policies aimed at eliminatingeconomic fluctuations. The focus on stabilisation...

Persistent link: https://www.econbiz.de/10005868961

RENTSEEKING BY PLAYERS WITH CONSTANTABSOLUTE RISK AVERSION

Cornes, Richard; Hartley, Roger E. - University <Nottingham> / Department of Economics; … - 2000

The rent-seeking model of Tullock (1980) has stimulated a large literature on rent-seekingcontests, of which Hillman (1989) and Nitzan (1994) provide useful surveys. AlthoughTullock's 'winner take all' model has been adapted and extended in numerous ways, thereremain fundamental modeling issues,...

Persistent link: https://www.econbiz.de/10005869062

PRICE TRANSMISSION: THE INTERACTIONBETWEEN FIRM BEHAVIOUR AND RETURNS TOSCALE

McCorriston, Steve; Morgan, C. W.; Rayner, Anthony J. - University <Nottingham> / Department of Economics - 2000

Much of the recent literature on price transmission focuses on whether price changesoccurring at one stage of the food sector are fully transmitted in changes to retail prices. Therole of market structure in determining the degree of price transmission is often emphasised,the presumption being...

Persistent link: https://www.econbiz.de/10005869104

EU WHEAT PRICES AND ITS RELATION WITHOTHER MAJOR WHEAT EXPORT PRICES

Ghoshray, Atanu; Lloyd, Tim; Rayner, Anthony J. - University <Nottingham> / Department of Economics - 2000

Cointegration analysis is used to investigate the short and long run dynamics of therelationship between the export prices of the EU wheat and of other major exporters inthe world wheat market. The aim of this study is to determine whether long runrelationships existed between EU prices and its...

Persistent link: https://www.econbiz.de/10005869182

Environmental Protection and Free Trade: IndirectCompetition for Political Inuence

Zhihao Yu - University <Nottingham> / Department of Economics - 1999

This paper shows that although small or nancially constrained environmentalistgroups may be in a weak position, relative to polluting industries, in the directcompetition for political inuence, they can compete indirectly through changingpublic preferences over environmental quality. However, in...

Persistent link: https://www.econbiz.de/10005869307