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Exit and power in general equilibrium
Gersbach, Hans; Haller, Hans - 2008
We integrate individual power in groups into general equilibrium models. The relationship between group formation, resource allocation, and the power of specific individuals or particular sociological groups is investigated. We introduce, via an illustrative example, three appealing concepts of...
Persistent link: https://www.econbiz.de/10010484493
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Product differentiation and oligopoly : a network approach
Pellegrino, Bruno - 2023
extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in …
Persistent link: https://www.econbiz.de/10013503368
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Why do prices differ across stores? : differential competition environments and their price impacts
Klein, Gordon Jochem; Siebert, Ralph Bernd - 2024
competition environments affect product prices. Using big data, we find that price variations are caused mainly by differential … competitive environments. More specifically, we find that Brand Competition Within Stores exerts the largest downward pressure on … prices. A 10 percent increase in the number of brands reduces prices by about 10 percent. Product Competition Within Stores …
Persistent link: https://www.econbiz.de/10015065342
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The renaissance of ordoliberalism in the 1970s and 1980s
Krieger, Tim; Nientiedt, Daniel - 2023
, social security reform, competition policy, the provision of public goods, and European integration. There was, however, no …
Persistent link: https://www.econbiz.de/10014304519
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The Duverger-Demsetz perspective on electoral competitiveness and fragmentation : with application to the Canadian parliamentary system, 1867-2011
Ferris, John Stephen; Winer, Stanley L.; Grofman, Bernard - 2016
We combine Duverger's Law (1954) with Demsetz's (1968) theory of natural monopoly to provide a novel perspective on electoral competitiveness in a single member district, plurality rule system. In the framework we develop, competitiveness depends on the contestability of elections, which...
Persistent link: https://www.econbiz.de/10011428344
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Apparent competition in two-sided platforms
Guven, Gokhan; Inci, Eren; Russo, Antonio - 2017
prices and features of goods without incurring search costs. The platform alleviates sellers' competition by charging them …
Persistent link: https://www.econbiz.de/10011721758
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Competition in higher education : a survey
Kaganovič, Michail I.; Sarpça, Sinan; Su, Xuejuan - 2020
The structure and functioning of the market of higher education in the United States possess distinctive if not puzzling features such as the wide spectrum of institutional arrangements and sources of funding, stark segmentation in levels of selectivity and instructional resources, and high...
Persistent link: https://www.econbiz.de/10012200301
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Vertical market power in interconnected natural gas and electricity markets
Marks, Levi; Mason, Charles F.; Mohlin, Kristina; … - 2017
New England is at the leading edge of an energy transition in which natural gas is playing an increasingly important role in the US electricity generation mix. In recent years, the region’s wholesale natural gas and electricity markets have experienced severe, simultaneous price spikes. While...
Persistent link: https://www.econbiz.de/10011735963
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Competitive rational expectations equilibria without apology
Kovalenkov, Alexander (contributor);  … - 2008
In a standard financial market model with asymmetric information with a finite number N of risk-averse informed traders, competitive rational expectations equilibria provide a good approximation to strategic equilibria as long as N is not too small: equilibrium prices in each situation converge...
Persistent link: https://www.econbiz.de/10003790559
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International antitrust enforcement and multi-market contact
Choi, Jay Pil; Gerlach, Heiko A. - 2009
This paper analyzes international antitrust enforcement when multinational firms operate in several markets with antitrust authorities in each market. We are concerned with how the sustainability of collusion in one local market is affected by the existence of collusion in other markets when...
Persistent link: https://www.econbiz.de/10003824697