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EXPECTED UTILITY AND THE ENDOWMENTEFFECT: SOME EXPERIMENTAL RESULTS

Morrison, Gwendolyn C. - University <Nottingham> / Department of Economics - 2000

Internal inconsistencies are so commonplace in studies using the contingent valuation method(CVM) that it has been argued that that method should be abandoned as a means of preferenceelicitation in favour of other methods such as standard gambles (SG). The experiment described inthis paper finds...

Persistent link: https://www.econbiz.de/10005869086

Commitment in Symmetric Contests

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

Strategic bi-sourcing

Beladi, Hamid; Mukherjee, Arijit - University of Texas <San Antonio, Tex.>; University … - 2008

profitable strategyunder both monopoly and product market competition. The incentive for bi-sourcingdepends on the product market … and outside input market competition... …

Persistent link: https://www.econbiz.de/10005868579

FINANCIAL PREDATION BY THE WEAK

Bougheas, Spiros; Saksit Thananittayaudom - University <Nottingham> / Department of Economics - 2005

We examine a Stackelberg game where a financially constrainedleader faces competition from a ‘deep pocket’ follower. We …

Persistent link: https://www.econbiz.de/10005868761

COMPETITION, INNOVATION AND WELFARE

Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2005

We show the effects of Bertrand and Cournot competition on R&D investmentand social welfare in a duopoly with R …&D competition where success in R&D isprobabilistic. We show that R&D investments are higher under Bertrand (Cournot)competition when … Cournot competition can generate highersocial welfare in absence of knowledge spillover and this happens if R&D is drastic …

Persistent link: https://www.econbiz.de/10005868763

ENTRY IN A STACKELBERG PERFECTEQUILIBRIUM

Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2005

This paper considers welfare effects of entry when the incumbent firmbehaves like a Stackelberg leader in the product market. In contrast to previous work(Klemperer, 1988, Journal of Industrial Economics), we show that entry may alwaysincrease welfare. Using general demand function, we show the...

Persistent link: https://www.econbiz.de/10005868767

IMPERFECTLY COMPETITIVE FINANCE, SENIORITY WAGES AND ECONOMIC GROWTH

Roberts, Mark A. - University <Nottingham> / Department of Economics - 2005

interest rates. A three-period OLG model is presented with monopolistic competition in the finance sector to endogenise the …

Persistent link: https://www.econbiz.de/10005868770

ENTRY, LICENSING AND WELFARE

Mukherjee, Arijit; Mukherjee, Soma - University <Nottingham> / Department of Economics - 2005

We show the welfare effects of entry in presence of technology licensingunder Cournot competition. If the entrant is …

Persistent link: https://www.econbiz.de/10005868772

BANKING COMPETITION AND CAPITAL ACCUMULATION: THE IMPORTANCE OF HOW PROFITS ARE RETURNED

Roberts, Mark A. - University <Nottingham> / Department of Economics - 2005

We consider the effects of an imperfectly competitive banking sector on the capital stock in a version of the two-period Diamond OLG model, focusing on how profits are returned. There are two broad alternatives: profits may be taxed and returned to households exogenously as fiscal transfers or...

Persistent link: https://www.econbiz.de/10005868774

Entry in a vertically separated industry:price vs. quantity competition

Mukherjee, Arijit; Broll, Udo; Mukherjee, Soma - University <Nottingham> / Department of Economics - 2004

This paper considers the effects of entry in the final goods market when the input market is imperfectly competitive. We show that entry of a new firm may increase profit of the incumbent if the technology of the entrant is sufficiently inferior to that of the incumbent...

Persistent link: https://www.econbiz.de/10005868787