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Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to … Bertrand competition if the upstream firm subsidises the quantity setting downstream firm’s production via negative wholesale …
Persistent link: https://www.econbiz.de/10011584921
We investigate whether the field of study influences university students’ political attitudes. To disentangle self-selection from learning effects, we first investigate whether the fields of study chosen by the incoming students correlate with their political attitudes. In a second step we...
Persistent link: https://www.econbiz.de/10011388219
Regression analysis using panel data for 42 colleges and universities over 14 years suggests that the economics faculty size of universities offering a Ph.D. in economics is determined primarily by the long-run average number of Ph.D. degrees awarded annually; the number of full-time faculty...
Persistent link: https://www.econbiz.de/10010270507
This article shows how to use the publicy-available firm-level surveys produced by the World Bank Enterprise Surveys (WBES) to reproduce the stylized facts that characterize firm heterogeneity and its relationship with global engagement, as established by Bernard et al. (2007) for manufacturing...
Persistent link: https://www.econbiz.de/10014469855
literature. In this note, I trace back the origin of the idea to Chapter IX, on complementary goods monopolies, of Cournot (1838 …). Through the years Cournot's contribution remained a reference but ended being viewed as a special case of the bilateral … of Cournot for the simultaneous game and extend it to the sequential game. I also show that prices are usually higher in …
Persistent link: https://www.econbiz.de/10013177565
In this paper, unlike the conventional wisdom, we demonstrate that the relationship between the size of the market and number of firms would be non-monotonic. While moderate rise in the size would force the local firms to exit and only the foreign firm rules, substantial rise in the size would...
Persistent link: https://www.econbiz.de/10013427720
is à la Cournot between firms with constant asymmetric marginal costs. The main result is that such a vertical merger can …
Persistent link: https://www.econbiz.de/10010315374