Showing 1 - 10 of 146
into an entry barrier, protecting the position of an inefficient incumbent; or that, conversely, they can make it possible …
Persistent link: https://www.econbiz.de/10010948884
This paper explores an equilibrium model for industry entry dynamics and technological change. We focus on the share …
Persistent link: https://www.econbiz.de/10005181568
This paper examines the role of both cost-sharing schemes in health insurance systems and entry regulation for … coinsurance rate and stricter price regulations adversely affect R&D spending in the pharmaceutical sector. In contrast, entry …-sharing and entry barriers in the pharmaceutical sector also affect aggregate productivity and wage rates …
Persistent link: https://www.econbiz.de/10013125326
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
This paper introduces a model of limited consumer attention into an otherwise standard new trade theory model with love-of-variety preferences and heterogeneous firms. In this setting, we show that trade liberalization needs not be welfare enhancing if the consumers' capacity to gather and...
Persistent link: https://www.econbiz.de/10013083880
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … are shown to be solved by verification through entry for sale …
Persistent link: https://www.econbiz.de/10013087725
This paper investigates strategic interaction among airlines in product-quality choices. Using an instrumental variables approach, the paper estimates flight-frequency reaction functions, which relate an airline's frequency on a route to its own characteristics and to the frequencies of...
Persistent link: https://www.econbiz.de/10013088139
We study the dual relationship between market structure and prices and between market structure and investment in mobile telecommunications. Using a uniquely constructed panel of mobile operators' prices and accounting information across 33 OECD countries between 2002 and 2014, we document that...
Persistent link: https://www.econbiz.de/10012953486
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
Persistent link: https://www.econbiz.de/10012955279
Merger value is frequently evaluated in single market contexts without considering possible gains stemming from firms' multimarket presence. This study concentrates on the question through which channels, and of which magnitude, mergers among multimarket firms create incremental value. We...
Persistent link: https://www.econbiz.de/10012978496