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Market structure, technology spillovers, and persistence in productivity differentials
Cheung, Yin-Wong; Pascual, Antonio I. Garcia - 2001
Using data from 11 main manufacturing industries in 17 OECD countries, this paper empirically investigates the determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of product market structure and technology diffusion. It...
Persistent link: https://www.econbiz.de/10011399314
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The impact of entry regulation on total welfare : a policy experiment
Liu, An-Hsiang; Siebert, Ralph; Zulehner, Christine - 2013
This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...
Persistent link: https://www.econbiz.de/10009764443
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Optimal tariffs and subsidies and changes in markets structure
Egli, Dominik Anton; Westermann, Frank - 2000
We present a unified treatment of optimal trade policy for a small country. The well-known results for duopoly and competitive markets emerge as benchmark cases of our model. In addition, we show that changes in market structure have non-monotonic effects on optimal tariffs. Our results suggest...
Persistent link: https://www.econbiz.de/10009781650
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The competitive effects of declining entry costs over time : evidence from the static random access memory market
Liu, An-Hsiang; Siebert, Ralph - 2020
We focus on the estimation of market entry costs that are declining over time and evaluate their impact on competition and market performance. We employ a dynamic oligopoly model in which firms make entry, exit, and production decisions in the presence of declining entry costs and learning by...
Persistent link: https://www.econbiz.de/10012287789
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Active courts and menu contracts
Anderlini, Luca (contributor); Felli, Leonardo (contributor) - 2006
Persistent link: https://www.econbiz.de/10003456217
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Information markets, elections and contracts
Gersbach, Hans; Müller, Markus - 2011
Politicians may pander to public opinion and may renounce undertaking beneficial long-term projects. To alleviate this problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and democratic elections. An information market is used to...
Persistent link: https://www.econbiz.de/10009009663
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A game-theoretic foundation for the Wilson equilibrium in competitive insurance markets with adverse selection
Mimra, Wanda; Wambach, Achim - 2011
can be withdrawn after observation of competitors' contract offers. We show that an equilibrium always exists where … consumers obtain their respective Wilson-Miyazaki-Spence (WMS) contract. Jointly profit-making contracts can also be sustained … entry. -- casymmetric information ; competitive insurance market ; contract withdrawal …
Persistent link: https://www.econbiz.de/10009011830
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News sources and media bias
Garcia-Pires, Armando J.; Kind, Hans Jarle; Sørgard, Lars - 2012
relationship as an informal contract based on trust and punishment, where a news source decides if and how much information to …
Persistent link: https://www.econbiz.de/10009580771
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United but (un)equal : human capital, probability of divorce and the marriage contract
Cremer, Helmuth; Pestieau, Pierre; Roeder, Kerstin - 2012
) use of marriage is affected by the possibility of divorce. -- post-marital education ; marriage contract ; divorce …
Persistent link: https://www.econbiz.de/10009683129
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General training by firms, apprentice contracts, and public policy
Malcomson, James M.; Maw, James W.; McCormick, Barry - 2002
Workers will not pay for general on-the-job training if contracts are not enforceable. Firms may if there are mobility frictions. Private information about worker productivities, however, prevents workers who quit receiving their marginal products elsewhere. Their new employers then receive...
Persistent link: https://www.econbiz.de/10011409458