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A Theory of Rent Seeking with Informational Foundations
Lagerlöf, Johan N. M. - C.E.P.R. Discussion Papers - 2006
microfoundations, the welfare consequences of rent seeking can be studied. In particular, I show that competition among rent seekers …
Persistent link: https://www.econbiz.de/10005788985
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Welfare Analysis of Regulating Mobile Termination Rates in the UK (with an Application to the Orange/T-Mobile Merger)
Harbord, David; Hoernig, Steffen - C.E.P.R. Discussion Papers - 2010
This paper presents results from a calibrated welfare model of the UK mobile telephony market which includes many … focuses on the short-run effects of adopting lower mobile termination rates (MTRs) on total welfare, consumer surplus and … rates), increases social welfare, consumer surplus and networks’ profits. Depending on the strength of call externalities …
Persistent link: https://www.econbiz.de/10008468563
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Quality Pricing-to-Market
Auer, Raphael; Chaney, Thomas; Sauré, Philip - C.E.P.R. Discussion Papers - 2014
We examine firm's pricing-to-market decisions in vertically differentiated industries featuring a large number of firms that compete monopolistically in the quality space. Firms sell goods of heterogeneous quality to consumers with non-homothetic preferences that differ in their income and thus...
Persistent link: https://www.econbiz.de/10011083682
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The Political Economy of the (Weak) Enforcement of Sales Tax
Besfamille, Martin; De Donder, Philippe; Lozachmeur, … - C.E.P.R. Discussion Papers - 2009
The objective of this paper is to understand the determinants of the enforcement level of indirect taxation in a positive setting. We build a sequential game where individuals differing in their willingness to pay for a taxed good vote over the enforcement level. Firms then compete à la Cournot...
Persistent link: https://www.econbiz.de/10005666843
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The Marginal Cost of Public Funds in Developing Countries: An Application to 38 African Countries
Auriol, Emmanuelle; Warlters, Michael - C.E.P.R. Discussion Papers - 2006
goods have low MCFs. This suggests that welfare could be improved by increased reliance on VATs and reduced reliance on …
Persistent link: https://www.econbiz.de/10005124022
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Markets and linguistic diversity
Caminal, Ramon - C.E.P.R. Discussion Papers - 2009
Producers of cultural goods and media products can only make their specific contents available to their audiences and readerships through a particular language. The choice of language is a trivial decision if consumers are monolingual. However, the fraction of bilingual consumers is high in some...
Persistent link: https://www.econbiz.de/10008458293
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The design and efficiency of loyalty rewards
Caminal, Ramon - C.E.P.R. Discussion Papers - 2009
The goal of this paper is to reexamine the optimal design and efficiency of loyalty rewards in markets for final consumption goods. While the literature has emphasized the role of loyalty rewards as endogenous switching costs (which distort the efficient allocation of consumers), in this paper I...
Persistent link: https://www.econbiz.de/10008458297
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Monopolistic Competition: Beyond the CES
Kokovin, Sergey; Thisse, Jacques-François; Zhelobodko, … - C.E.P.R. Discussion Papers - 2010
We propose a general model of monopolistic competition and derive a complete characterization of the market equilibrium based on an Arrow-Pratt measure of concavity of the utility, interpreted as the relative love for variety. When the relative love for variety increases with the consumption...
Persistent link: https://www.econbiz.de/10008466345
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Price Competition Between an Expert and a Non-Expert
Bouckaert, Jan; Degryse, Hans - C.E.P.R. Discussion Papers - 1998
This paper characterizes price competition between an expert and a non-expert. In contrast with the expert, the non-expert’s repair technology is not always successful. Consumers visit the expert after experiencing an unsuccessful match at the non-expert. This re-entry affects the behaviour of...
Persistent link: https://www.econbiz.de/10005662068
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Participation Games: Market Entry, Coordination and the Beautiful Blonde
Anderson, Simon P; Engers, Maxim - C.E.P.R. Discussion Papers - 2005
We find the Nash equilibria for monotone n-player symmetric games where each player chooses whether to participate. Examples include market entry games, coordination games, and the bar-room game depicted in the movie 'A Beautiful Mind'. The symmetric Nash equilibrium involves excessive...
Persistent link: https://www.econbiz.de/10005662078