Similar Search Results

Ispano, Alessandro; Schwardmann, Peter - 2018

skeptical about undisclosed quality. We show that neither competition nor the presence of sophisticated consumers necessarily …

Persistent link: https://www.econbiz.de/10011847547

Consumer standards as a strategic device to mitigate ratchet effects in dynamic regulation

Fiocco, Raffaele; Strausz, Roland - 2014

Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by mitigating ratchet effects associated with short term contracting. A pure consumer standard alleviates the regulator's myopic temptation to raise output after learning the firm is...

Persistent link: https://www.econbiz.de/10010345239

Controlling product risks when consumers are heterogeneously overconfident : producer liability vs. minimum quality standard regulation

Baniak, Andrzejj; Grajzl, Peter - 2014

Contributing to the literature on the consequences of behavioral biases for market outcomes and institutional design, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product-related torts when consumers are heterogeneously...

Persistent link: https://www.econbiz.de/10010413791

Competition and innovation in automobile markets

Ghosal, Vivek; Ni, Jiayao - 2015

Using data from the US automobile market, we empirically examine the link between competition and innovation … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon … relationship is reasonably non-linear; (2) higher market-wide competition results in an increase in patenting, and the relationship …

Persistent link: https://www.econbiz.de/10011342391

Team production in competitive labor markets with adverse selection

Siemens, Ferdinand von; Kosfeld, Michael - 2014

Team production is a frequent feature of modern organizations. Combined with team incentives, team production can create externalities among workers, since their utility upon accepting a contract depends on their team's performance and therefore on their colleagues' productivity. We study the...

Persistent link: https://www.econbiz.de/10010245995

Where to look for the morals in markets?

Sutter, Matthias; Huber, Jürgen; Kirchler, Michael; … - 2016

Markets are ubiquitous in our daily life and, despite many imperfections, they are a great source of human welfare. Nevertheless, there is a heated recent debate on whether markets erode social responsibility and moral behavior. In fact, competitive pressure on markets may create strong...

Persistent link: https://www.econbiz.de/10011515418

Salience, competition, and decoy goods

Herweg, Fabian; Müller, Daniel; Weinschenk, Philipp - 2016

competition by a competitive fringe that produces low quality. We show that the brand manufacturer optimally provides a decoy good …

Persistent link: https://www.econbiz.de/10011557863

Does competition justify inequality?

Bartling, Björn; Grieder, Manuel; Zehnder, Christian - 2015

Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...

Persistent link: https://www.econbiz.de/10011405188

The interplay between regulation and competitions : the case of universal service obligations

Hörnig, Steffen; Valletti, Tommaso M. - 2002

Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...

Persistent link: https://www.econbiz.de/10011409371

Competition for promotion can induce household specialization between equally competitive spouses

Bastani, Spencer; Dickmanns, Lisa; Giebe, Thomas; … - 2022

We analyze equally competitive spouses competing for promotion in their respective workplaces and show that an asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare-superior to the symmetric equilibrium are highlighted. By...

Persistent link: https://www.econbiz.de/10013168051

1
2
3
4
5
6
7
8
9
10
Next
Last