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Integrated versus segmented markets : implications for export pricing and welfare

Becker, Raphael N.; Nigai, Sergey; Seidel, Tobias - 2020

This paper challenges the common assumption of market segmentation in international trade. To analyze export entry and pricing decisions of firms in integrated vs. segmented markets, we develop a novel tractable approach based on stochastic export costs that allows us to compare firm-level and...

Persistent link: https://www.econbiz.de/10012294832

Does marketing widen borders? : cross-country price dispersion in the European car market

Dvir, Eyal; Strasser, Georg - 2017 - This version: May 2017

We study cross-country price differences in the European market for new passenger cars based on detailed pricing and technical data. Car prices in Europe converged until the year 2003, but not thereafter. Within the EU 15 countries the price range of the median model in 2004 was close to 20...

Persistent link: https://www.econbiz.de/10011721533

Prices, schedules, and passenger welfare in multi-service transportation systems

Billette de Villemeur, Étienne; Vinella, Annalisa - 2019

informed. Our analysis offers policy-makers a scientifically founded tool to make sensible decisions, based on the exact … identification of those who would gain and those who would lose from policy changes. The analysis further highlights the potential …

Persistent link: https://www.econbiz.de/10012103986

Radio and the rise of the Nazis in prewar Germany

Adena, Maja; Enikolopov, Ruben; Petrova, Maria; … - 2015

access to radio. This effect was reversed during the campaign for the last competitive election as a result of the pro …-Nazi radio broadcast following Hitler's appointment as German chancellor. During the consolidation of dictatorship, radio … propaganda helped the Nazis to enroll new party members. After the Nazis established their rule, radio propaganda incited anti …

Persistent link: https://www.econbiz.de/10010515431

Using chebyshev polynomials to approximate partial differential equations

Caporale, Guglielmo Maria (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003712503

Production technologies in stochastic continuous time models

Wälde, Klaus - 2009

qualitative analysis. Very precise and intuition-building results are obtained by working with models which provide closed …

Persistent link: https://www.econbiz.de/10003897386

"Itô's Lemma" and the Bellman equation for poisson processes : an applied view

Sennewald, Ken (contributor); Wälde, Klaus (contributor) - 2006

Using the Hamilton-Jacobi-Bellman equation, we derive both a Keynes-Ramsey rule and a closed form solution for an optimal consumption-investment problem with labor income. The utility function is unbounded and uncertainty stems from a Poisson process. Our results can be derived because of the...

Persistent link: https://www.econbiz.de/10003301211

Convexity, differential equations, and games

Flåm, Sjur D. - 2002

Theoretical and experimental studies of noncooperative games increasingly recognize Nash equilibrium as a limiting outcome of players repeated interaction. This note, while sharing that view, illustrates and advocates combined use of convex optimization and differential equations, the purpose...

Persistent link: https://www.econbiz.de/10011408978

Generalized quadratic revenue functions

Chambers, Robert G. (contributor); Färe, Rolf (contributor) - 2008

In this paper we focus on specification of revenue functions in their dual price space. We consider two distance functions, both dual to the revenue function: Shephard output distance function and the directional output distance function, both in price space. The former is multiplicative,...

Persistent link: https://www.econbiz.de/10003751214

On the long-run evolution of technological knowledge

Hakenes, Hendrik (contributor); Irmen, Andreas (contributor) - 2005

This paper revisits the debate about the appropriate differential equation that governs the evolution of knowledge in models of endogenous growth. We argue that the assessment of the appropriateness of an equation of motion should not only be based on its implications for the future, but that it...

Persistent link: https://www.econbiz.de/10003110051