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A dynamic model of predation
Rey, Patrick; Spiegel, Yossi; Stahl, Konrad - 2022
We study the feasibility and profitability of predation in a parsimonious infinite-horizon, complete information setting where an incumbent may face an entrant, in which case it needs to decide whether to accommodate or predate it. If the entrant exits, a new entrant is born with positive...
Persistent link: https://www.econbiz.de/10013284883
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Entry in first-price auctions with signaling
Bos, Olivier; Truyts, Tom - 2022
We study the optimal entry fee in a symmetric private value first-price auction with signaling, in which the participation decisions and the auction outcome are used by an outside observer to infer the bidders' types. We show that this auction has a unique fully separating equilibrium bidding...
Persistent link: https://www.econbiz.de/10013358791
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Optimal cross-licensing arrangements : collusion versus entry deterrence
Choi, Jay Pil; Gerlach, Heiko A. - 2018
This paper analyzes optimal cross-licensing arrangements between incumbent firms in the presence of potential entrants. The optimal cross-licensing royalty rate trades off incentives to sustain a collusive outcome vis-a-vis incentives to deter entry with the threat of patent litigation. We show...
Persistent link: https://www.econbiz.de/10011873750
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From status to contract? : a macrohistory from early-modern English caselaw and print culture
Grajzl, Peter; Murrell, Peter - 2024
Most development models emphasize a growth in the scope of individual choice as the law becomes impartial, relevant to all. An early expression of this conceptualization appeared in the 19th century, when Henry Maine coined his celebrated dictum that progressive societies move from status to...
Persistent link: https://www.econbiz.de/10014636829
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Do corporate environmental contributions justify the public interest defence?
Hashimzade, Nigar; Myles, Gareth D. - 2017
environmental expenditures can justify public interest defence for the operation of a cartel. Using a variant of the Dixit … expenditures and higher welfare. However, allowing the operational firms to form a cartel and raise prices above Nash equilibrium …
Persistent link: https://www.econbiz.de/10011754267
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How communication makes the difference between a cartel and tacit collusion : a machine learning approach
Andres, Maximilian; Bruttel, Lisa Verena; Friedrichsen, Jana - 2022
This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free … cartel formation and indirect attempts to collude tacitly. We document that firms are less likely to communicate explicitly … sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …
Persistent link: https://www.econbiz.de/10013418834
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The efficient side of progressive income taxation
Corneo, Giacomo - 2000
This paper examines the allocative implications of progressive income taxation when individuals care about their relative income. It shows that tax progressivity might improve efficiency, and the more so in egalitarian economies. Introducing a progressive income tax can yield a Pareto...
Persistent link: https://www.econbiz.de/10009781645
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Auctions with signaling concerns
Bos, Olivier; Truyts, Tom - 2020
We study a symmetric private value auction with signaling, in which the auction outcome is used by an outside observer to infer the bidders’ types. We elicit conditions under which an essentially unique D1 equilibrium bidding function exists in the second-price auction and the English auction....
Persistent link: https://www.econbiz.de/10012305849
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Social status in student networks and implications for perceived social climate in schools
Alan, Sule; Bodur, Elif; Kubilay, Elif; Mumcu, Ipek - 2021
We investigate how adolescents’ social status in their peers' eyes shapes the way they view their social climate in secondary schools. Utilizing novel data on over 10,000 students, we construct comprehensive measures of social status and perceived social climate for each student, including a...
Persistent link: https://www.econbiz.de/10012520616
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Dangerous waters : the economic toll of piracy on maritime shipping
Molina, Renato; Villaseñor-Derbez, Juan Carlos; … - 2024
responses that underpin them. Here, we combine theory and a unique geospatial dataset combining more than 25 million shipping … behaviour and aggregate transportation cost, as well as its environmental impact, with major implications for the shipping …
Persistent link: https://www.econbiz.de/10014521173