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Propagation Through Endogenous Investment-Specific Technological Change

Huffman, Gregory W. - Vanderbilt University Department of Economics - 2002

Many real business cycle models lack a significant propagation mechanism. Consequently most of the serial correlation … in output is inherited from the serial correlation in the exogenous shocks. A simple model is presented to show there … need not be any relationship between the serial correlation of the exogenous shocks, and that of output. This is …

Persistent link: https://www.econbiz.de/10005585315

Equilibrium Parallel Import Policies and International Market Structure

Saggi, Kamal; Roy, Santanu - Vanderbilt University Department of Economics - 2011

In a North-South vertically differentiated duopoly, we derive equilibrium government policies towards parallel imports (PIs). By incorporating strategic interaction at the policy-setting stage and the product market, the model sheds new light on (i) the effects of PI policies on pricing behavior...

Persistent link: https://www.econbiz.de/10009320357

Strategic Competition and Optimal Parallel Import Policy

Saggi, Kamal; Roy, Santanu - Vanderbilt University Department of Economics - 2011

This paper shows that parallel import policy can act as an instrument of strategic trade policy. We demonstrate this result in two-country international duopoly where a domestic monopolist competes with a rival firm in the foreign market if it chooses to incur the fixed investment cost of...

Persistent link: https://www.econbiz.de/10009320358

Cournot Competition

Daughety, Andrew F. - Vanderbilt University Department of Economics - 2006

Cournot's 1838 model of strategic interaction between competing firms has become the primary workhorse for the analysis of imperfect competition, and shows up in a variety of fields, notably industrial organization and international trade. This entry begins with a tour of the basic Cournot model...

Persistent link: https://www.econbiz.de/10005595929

Markets, Torts and Social Inefficiency

Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2003

In this paper we examine the nexus between product markets and the legal system. We examine a model wherein oligopolists produce differentiated products that also have a safety attribute. Consumption of these products may lead to harm (to consumers and/or third parties), lawsuits, and...

Persistent link: https://www.econbiz.de/10005595932

Imperfect Competition and Quality Signaling

Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2005

We examine the interplay of imperfect competition and incomplete information in the context of price competition among firms producing horizontally- and vertically-differentiated substitute products. We find that incomplete information about vertical quality (e.g., consumer satisfaction) that is...

Persistent link: https://www.econbiz.de/10005459269