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Good rankings are bad - Why reliable rankings can hurt consumers

Bouton, Laurent; Kirchsteiger, Georg - C.E.P.R. Discussion Papers - 2011

due to consumption externalities. Finally, with perfectly flexible prices the ranking might increase the market power of …

Persistent link: https://www.econbiz.de/10009385758

Heterogeneity, Stratification and Growth

Bénabou, Roland - C.E.P.R. Discussion Papers - 1993

heterogenous agents interact through local public goods or externalities (school funding, neighbourhood effects) and economy …

Persistent link: https://www.econbiz.de/10005666953

Naked exclusion: Towards a behavioral approach to exclusive dealing

Boone, Jan; Müller, Wieland; Suetens, Sigrid - C.E.P.R. Discussion Papers - 2009

We report experimental results on exclusive dealing inspired by the literature on "naked exclusion.'' Our key findings are: First, exclusion of a more efficient entrant is a widespread phenomenon in lab markets. Second, allowing incumbents to discriminate between buyers increases exclusion rates...

Persistent link: https://www.econbiz.de/10004991543

Contracts, Externalities and Incentives in Shopping Malls

Gould, Eric D; Pashigian, B. Peter; Prendergast, Canice - C.E.P.R. Discussion Papers - 2002

This Paper demonstrates that mall store contracts are written to internalize externalities through both an efficient … allocation and pricing of space and an efficient allocation of incentives across stores. Certain stores generate externalities by …

Persistent link: https://www.econbiz.de/10005791485

Persistent Differences in National Productivity Growth Rates with a Common Technology and Free Capital Mobility

Buiter, Willem H.; Kletzer, Kenneth - C.E.P.R. Discussion Papers - 1991

The paper develops a two-country endogenous growth model to investigate possible causes for the existence and persistence of productivity growth differentials between nations, even though these countries show a common technology, constant returns to scale and perfect international capital...

Persistent link: https://www.econbiz.de/10005792009

Allocative and Informational Externalities in Auctions and Related Mechanisms

Jehiel, Philippe; Moldovanu, Benny - C.E.P.R. Discussion Papers - 2006

We study the effects of allocative and informational externalities in (multi-object) auctions and related mechanisms …. Such externalities naturally arise in models that embed auctions in larger economic contexts. In particular, they appear … driving force behind many new, specific phenomena with allocative externalities: even in complete information settings …

Persistent link: https://www.econbiz.de/10005792072

Dynamic Processes of Social and Economic Interactions: On the Persistence of Inefficiencies

Gomes, Armando R; Jehiel, Philippe - C.E.P.R. Discussion Papers - 2001

This Paper considers the efficiency and convergence properties of dynamic processes of social and economic interactions, such as exchange economies, multilateral negotiations, merger and divestiture transactions, or legislative bargaining. The key general feature of the economy is that agents...

Persistent link: https://www.econbiz.de/10005792299

Multinationals, Technological Incompatibilities, and Spillovers

Carluccio, Juan; Fally, Thibault - C.E.P.R. Discussion Papers - 2010

Empirical studies provide evidence of positive spillovers from multinational firms to upstream suppliers coupled with negative spillovers to firms in the same industry. This paper shows that these empirical regularities can be rationalized in a model with incompatibilities between foreign and...

Persistent link: https://www.econbiz.de/10008530362

Should We Worry About the Fiscal Numerology of Maastricht?

Buiter, Willem H. - C.E.P.R. Discussion Papers - 1992

The paper reviews and evaluates in a non-technical manner the economic and political arguments for and against the two fiscal convergence criteria written into the Treaty of Maastricht and its Protocols. In order to qualify for full membership in Economic and Monetary Union (EMU), net general...

Persistent link: https://www.econbiz.de/10005123517

Foreign Direct Investment and Spillovers through Workers' Mobility

Fosfuri, Andrea; Motta, Massimo; Rønde, Thomas - C.E.P.R. Discussion Papers - 1999

We analyze a model where a multinational firm can use a superior technology in a foreign subsidiary only after training a local worker. Technological spillovers from foreign direct investment arise when this worker is later hired by a local firm. Pecuniary spillovers arise when the foreign...

Persistent link: https://www.econbiz.de/10005124087