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Consumer Standards as a Strategic Device to Mitigate Ratchet Effects in Dynamic Regulation
Fiocco, Raffaele - 2014
Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by mitigating ratchet effects associated with short term contracting. A pure consumer standard alleviates the regulator's myopic temptation to raise output after learning the firm is...
Persistent link: https://www.econbiz.de/10013054025
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Emotions in Litigation Contests
Baumann, Florian - 2011
This paper introduces the concept of emotions into the standard litigation contest. Positive (negative) emotions emerge when litigants win (lose) at trial and are dependent in particular on the level of defendant fault. Our findings establish that standard results of litigation contests change...
Persistent link: https://www.econbiz.de/10013129864
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A Simple Model of Health Insurance Competition
Kemnitz, Alexander - 2010
This paper investigates competition between health insurance companies under different financing regulations. We … consider two alternatives advanced in recent German health care reform discussions: competition by contribution rates (health … contributions) and by fees (health premia). We find that contribution rate competition yields lower company profits and higher …
Persistent link: https://www.econbiz.de/10013136650
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Competition between Content Distributors in Two-Sided Markets
Bergh, Harald - 2012
We analyze strategic interactions between two competing distributors of an independent TV channel. Consistent with most of the relevant markets, we assume that the distributors set end-user prices while the TV channel sets advertising prices. Within this framework we show that the distributors...
Persistent link: https://www.econbiz.de/10013103607
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Bank Competition and Financial Stability : A General Equilibrium Exposition
De Nicolo, Gianni - 2013
failures. In this model, there is no trade-off between bank competition and financial stability …
Persistent link: https://www.econbiz.de/10013086044
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Intra-Group Heterogeneity in Collective Contests
Nitzan, Shmuel - 2013
Collective contests are examined permitting heterogeneity of stakes within every competing group. Our first concern is whether unequal distribution of stakes in a group can enhance its win probability. Our second concern is whether a large stake in a group can be individually disadvantageous. We...
Persistent link: https://www.econbiz.de/10013086980
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Hospital Competition with Soft Budgets
Brekke, Kurt Richard - 2013
We study the incentives for hospitals to provide quality and expend cost-reducing effort when their budgets are soft, i.e., the payer may cover deficits or confiscate surpluses. The basic set up is a Hotelling model with two hospitals that differ in location and face demand uncertainty, where...
Persistent link: https://www.econbiz.de/10013087727
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Measuring Strategic Firm Interaction in Product-Quality Choices : The Case of Airline Flight Frequency
Brueckner, Jan K. - 2013
multimarket contact generates mutual forbearance in frequency competition, finding no evidence for such an effect …
Persistent link: https://www.econbiz.de/10013088139
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Does Competition Justify Inequality?
Bartling, Björn - 2016
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rule book slowdowns or quality shading. To analyze fairness perceptions associated with...
Persistent link: https://www.econbiz.de/10013000910
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Hospital Competition and Quality with Regulated Prices
Brekke, Kurt Richard - 2010
We analyse the effect of competition on quality in hospital markets with regulated prices, considering both the effect … of (i) introducing competition (monopoly versus competition) and (ii) increasing competition through lower transportation … structure, we show that the relationship between competition and quality is generally ambiguous. In contrast to the received …
Persistent link: https://www.econbiz.de/10013152862