Similar Search Results

Travel Demand Model with Heterogeneous Users and Endogenous Congestion: An application to optimal pricing of bus services

Batarce, Marco; Ivaldi, Marc - C.E.P.R. Discussion Papers - 2011

We formulate and estimate a structural model for travel demand, in which users have heterogeneous preferences and make their transport decisions considering the network congestion. A key component in the model is that users have incomplete information about the preferences of other users in the...

Persistent link: https://www.econbiz.de/10009493565

Coarse Matching and Price Discrimination

Hoppe, Heidrun C.; Moldovanu, Benny; Ozdenoren, Emre - C.E.P.R. Discussion Papers - 2007

We study two-sided markets with heterogeneous, privately informed agents who gain from being matched with better partners from the other side. Agents are matched through an intermediary. Our main results quantify the relative attractiveness of a coarse matching scheme consisting of two classes...

Persistent link: https://www.econbiz.de/10005792482

Screening with an Approximate Type Space

Madarász, Kristóf; Prat, Andrea - C.E.P.R. Discussion Papers - 2010

We re-visit the single-agent mechanism design problem with quasilinear preferences, but we assume that the principal knowingly operates on the basis of only an approximate type space rather than the (potentially complex) truth. We propose a two-step scheme, the profit-participation mechanism,...

Persistent link: https://www.econbiz.de/10008550321

The Doubtful Profitability of Foggy Pricing

Miravete, Eugenio J - C.E.P.R. Discussion Papers - 2007

A particular tariff option is said to be foggy when another option or a combination of other tariff options offered by the same firm is always less expensive regardless of the usage profile of any customer. Alternatively, tariff fogginess may refer to the whole set of tariff options and it is...

Persistent link: https://www.econbiz.de/10005123743

Sales, Quantity Surcharge, and Consumer Inattention

Clerides, Sofronis; Courty, Pascal - C.E.P.R. Discussion Papers - 2010

Quantity surcharges occur when firms market a product in two sizes and offer a promotion on the small size: the large size then costs more per unit than the small one. When quantity surcharges occur the sales of the large size decrease only slightly despite the fact that the small size is a...

Persistent link: https://www.econbiz.de/10008784714

Corporate Efficiency in Europe

Hanousek, Jan; Kocenda, Evzen; Shamshur, Anastasiya - C.E.P.R. Discussion Papers - 2015

Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in … efficiency, and (iii) high competition is less conductive to efficiency than moderate or low competition. In terms of ownership …, we find that (iv) efficiency increases when a majority owner must deal with minority shareholders and that (v) domestic …

Persistent link: https://www.econbiz.de/10011213309

Simultaneous Search and Network Efficiency

Gautier, Pieter A; Holzner, Christian - C.E.P.R. Discussion Papers - 2011

When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects network clearing). We show that those frictions and the...

Persistent link: https://www.econbiz.de/10009246606

Inattention to Rare Events

Mackowiak, Bartosz Adam; Wiederholt, Mirko - C.E.P.R. Discussion Papers - 2011

Why were people so unprepared for the global financial crisis, the European debt crisis, and the Fukushima nuclear accident? To address this question, we study a model in which agents make state-contingent plans - think about actions in different contingencies - subject to the constraint that...

Persistent link: https://www.econbiz.de/10009351517

Assessing the impact of Mali’s water privatization across stakeholders

Estache, Antonio; Grifell-Tatjé, Emili - C.E.P.R. Discussion Papers - 2011

shows that taxpayers are the main losers as subsidies are still needed. There are also serious efficiency-equity trade …

Persistent link: https://www.econbiz.de/10009399719

Flat Tax Reforms in the US: A Boon for the Income Poor

Díaz-Giménez, Javier; Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2006

In this article we quantify the aggregate, distributional and welfare consequences of two revenue neutral flat-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We find that the less progressive reform brings about a 2.4%...

Persistent link: https://www.econbiz.de/10005662104