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arm’s length. The model further implies that firms are more likely to offshore when frictions in the provision of services …
Persistent link: https://www.econbiz.de/10012534705
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Partly motivated by the recent antitrust investigations concerning Google, we develop a leverage theory of tying in two …
Persistent link: https://www.econbiz.de/10011536190
Tying arrangements recently have been a major and contentious issue in many high profile antitrust cases in the US and Europe. Examples include the Microsoft case, the Visa and MasterCard case, and the proposed GE/Honeywell merger to name a few. This paper conducts a selective review of the...
Persistent link: https://www.econbiz.de/10002521689
We apply and extend the cost-based approach to bundling and tying under competition developed in Evans and Salinger (2004) to over-the-counter pain relievers and cold medicines. We document that consumers pay much less for tablets with multiple ingredients than they would if they bought tablets...
Persistent link: https://www.econbiz.de/10003113334
Blockchains, the technology underlying cryptocurrencies, face large fluctuations in user demand and marginal costs. These fluctuations make effective fee policies necessary to manage transaction service allocation. This paper models the conflict between the blockchain designer and validators...
Persistent link: https://www.econbiz.de/10015046289
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In this paper we model the demand for immigrants as a trade-off native voters face between having services, produced by … services. Assimilated immigrants take on skilled jobs. At the political level natives choose the number of immigrants that can … be allowed, given some fixed price for services. We show that, at the assumed price, it is never optimal for natives to …
Persistent link: https://www.econbiz.de/10011450666
both crucial for the emergence of outsourcing. The supplier purposefully avoids industry pro.t maximization to enlarge its …
Persistent link: https://www.econbiz.de/10014340231