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Capacity Investment Under Demand Uncertainty - An Empirical Study of the US Cement Industry, 1994-2006
Ponssard, Jean-Pierre - 2010
implications of the theory literature on this topic in an empirical study of the US cement industry between 1994 and 2006. Firms in … these markets via both domestic production and imports. Consistent with the theory, we find a negative relationship between …
Persistent link: https://www.econbiz.de/10013138028
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Net Neutrality and Investment Incentives
Choi, Jay Pil; Kim, Byung-Cheol - 2021
This paper analyzes the effects of net neutrality regulation on investment incentives for Internet service providers …
Persistent link: https://www.econbiz.de/10013316480
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Net Neutrality and Internet Fragmentation : The Role of Online Advertising
D'Annunzio, Anna - 2015
We investigate the relation between Net Neutrality regulation and Internet fragmentation. We model a two-sided market …, where Content Providers (CPs) and consumers interact through Internet Service Providers (ISPs), and CPs sell consumers … identify an important link between termination fees, the online advertising market and Internet fragmentation. We extend the …
Persistent link: https://www.econbiz.de/10013017710
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An Equilibrium Model of the Market for Bitcoin Mining
Prat, Julien - 2018
We propose a model which uses the Bitcoin/US dollar exchange rate to predict the computing power of the Bitcoin network. We show that free entry places an upper-bound on mining revenues and we devise a structural framework to measure its value. Calibrating the model's parameters allows us to...
Persistent link: https://www.econbiz.de/10012924447
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Market Liberalization in the European Natural Gas Market - The Importance of Capacity Constraints and Efficiency Differences
Brakman, Steven; van Marrewijk, Charles; van … - 2021
In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen...
Persistent link: https://www.econbiz.de/10013316347
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Pricing Internet Traffic : Exclusion, Signalling and Screening
Jullien, Bruno - 2014
We consider a network that intermediates traffic between free content providers and consumers. While consumers do not know the traffic cost when deciding on consumption, a content provider knows his cost but may not control the consumption. We study how pricing consumers' and content providers'...
Persistent link: https://www.econbiz.de/10013055385
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Digital Piracy : Theory
Belleflamme, Paul; Peitz, Martin - 2021
This article reviews recent theoretical contributions on digital piracy. It starts by elaborating on the reasons for intellectual property protection, by reporting a few facts about copyright protection, and by examining reasons to become a digital pirate. Next, it provides an exploration of the...
Persistent link: https://www.econbiz.de/10013316143
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Labor Market Pooling, Outsourcing and Labor Contracts
Picard, Pierre M.; Wildasin, David E. - 2014
Economic regions, such as urban agglomerations, face external demand and price shocks that produce income risk. Workers in large and diversified agglomerations may benefit from reduced wage volatility, while firms may outsource the production of intermediate goods and realize benefits from...
Persistent link: https://www.econbiz.de/10014204210
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The Economics of a Multilateral Investment Agreement
Che, Jiahua - 2012
This paper models a multilateral agreement on investment (MAI) as a coordination device. Multinational enterprises can invest in any number of countries. Without a multilateral investment agreement, expropriation triggers an investment stop by the single MNE. Under a multilateral agreement,...
Persistent link: https://www.econbiz.de/10012754890
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Cross-Country Income Differences and Technology Diffusion in a Competitive World
Irmen, Andreas - 2012
This paper develops a new open-economy endogenous growth model where technology diffusion allows for a stable and non-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the social infrastructure, the degree of openness,...
Persistent link: https://www.econbiz.de/10012754962