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According to the literature, well known tariff reform rules that are guaranteed to increase welfare will not necessarily increase market access, while rules that are guaranteed to increase market access will not necessarily increase welfare. Such conflict between welfare and market access...
Persistent link: https://www.econbiz.de/10013030243
We study the dynamics of competition in a model with network effects, an incumbent and entry. We propose a new way of …
Persistent link: https://www.econbiz.de/10012994193
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
that funding competition does not rectify the investment inefficiency nor will it improve pooling of individual income … competition and restricted participation yields the highest level of social welfare …
Persistent link: https://www.econbiz.de/10013113974
experience entry and other do not. In all pre-entry markets competition is more intense. Post-entry behavior in all markets is …
Persistent link: https://www.econbiz.de/10012993023
This paper examines the strategic effects of case preparation in litigation. Specifically, it shows how the pretrial efforts incurred by one party may alter its adversary's incentives to settle. We build a sequential game with one-sided asymmetric information where the informed party first...
Persistent link: https://www.econbiz.de/10013316509
We analyze a divisible good uniform-price auction that features two groups each with a finite number of identical bidders and present conditions under which a unique privately revealing equilibrium exists. We derive novel comparative static results highlighting that increases in transaction...
Persistent link: https://www.econbiz.de/10012854716
increases competition between the contestants, leading to higher total contest effort, unless the ex-post bargaining strength of … stronger competition …
Persistent link: https://www.econbiz.de/10012780560
, the licensee's entry into the final products market, although increases the competition and the cost that the licensor …
Persistent link: https://www.econbiz.de/10012962608
If an additional competitor reduces output per firm in a homogenous Cournot-oligopoly, market entry will be excessive. Taxes can correct the so-called business stealing externality. We investigate how evading a tax on operating profits affects the excessive entry prediction. Tax evasion raises...
Persistent link: https://www.econbiz.de/10012964693