Showing 1 - 10 of 238
I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate these complementarities, which in these markets arise due...
Persistent link: https://www.econbiz.de/10013052093
The price-setting behaviour of manufacturing plants is examined using a large panel of monthly surveyed plant- and product-specific prices. The sample shows a high frequency of zero changes, relatively small price changes, and a strong seasonal price-change pattern. The intermittent feature of...
Persistent link: https://www.econbiz.de/10012912424
Competition among physicians is widespread, but compelling empirical evidence on the impact on service provision is … limited, mainly due to lack of exogenous variation in the degree of competition. In this paper we exploit that many GPs, in … observe the same GP in two different competitive environments; with competition (own practice) and without competition …
Persistent link: https://www.econbiz.de/10012944981
We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … to the steady state. While fiercer competition (lower transportation costs or less sluggish demand) leads to higher … quality in both solutions, the quality response to increased competition is weaker when players use feedback strategies …
Persistent link: https://www.econbiz.de/10013148292
voluntarily under PWYW. Furthermore, to see how competition affects the viability of PWYW, we implement markets in which a PWYW …
Persistent link: https://www.econbiz.de/10013043182
In many markets, sellers advertise their good with an asking price. This is a price at which the seller will take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the seller...
Persistent link: https://www.econbiz.de/10012986936
competition between the TV channels, since they take into account the fact that a lower viewer price at one channel will harm …
Persistent link: https://www.econbiz.de/10013144903
to competition between ISPs and to competition between contents. We also show that when (competitive) content providers …
Persistent link: https://www.econbiz.de/10013055385
-Nash equilibria in a duopoly. Comparing equilibrium prices to the prices set by a multiproduct monopolist, we show that competition … drives prices up and may lead to price dispersion. Competition reduces total surplus in the short run but provides higher …
Persistent link: https://www.econbiz.de/10013318833
This paper studies the causes of price dispersion in the euro area emerging in response to a shock that hits all member countries symmetrically. We use a panel VAR model which is estimated over the period 1996–2007 to generate impulse responses of a range of price and wage variables to an oil...
Persistent link: https://www.econbiz.de/10013095772