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readers, if we consider newspapers), or by both. We show that the scope for raising revenues from consumer payment is …
Persistent link: https://www.econbiz.de/10003861802
This paper models payment evasion as a source of profit by letting the firm choose the purchase price and the fine imposed on detected payment evaders. For a given price and fine, the consumers purchase, evade payment, or choose the outside option. We show that payment evasion leads to a form of...
Persistent link: https://www.econbiz.de/10010518819
In our model, an agent produces an outcome by a costly effort and then distributes it among heterogeneous users. The agents̕ payoff is the weighted sum of the users ̕shares and the coefficient reflecting their heterogeneity. When the agent neglects users ̕heterogeneity the game leads to an...
Persistent link: https://www.econbiz.de/10002520792
This paper assumes that groups of consumers in network markets can coordinate their choices when it is in their best interest to do so, and when coordination does not require communication. It is shown that multiple asymmetric networks can coexist in equilibrium if consumers have heterogeneous...
Persistent link: https://www.econbiz.de/10002521214
traditional permit systems which neglect consumer preferences by solely distributing emission permits to producers/polluters. In … change in environmental policy would mark a return to the traditional principles of consumer sovereignty by involving …
Persistent link: https://www.econbiz.de/10009781607
Persistent link: https://www.econbiz.de/10003635266
vindicating the position that the legal system had a marginal role in mitigating agency problems in long-distance trade in this … historical era.** Edwards and Ogilvie constantly present legal actions in non-trade related legal cases as evidence for a … reliance on the legal system for matters pertaining to long-distance trade. Their criticism of Greif's documentary analysis …
Persistent link: https://www.econbiz.de/10003730316
market power. Two main results are shown. First, in the presence of buyer power trade liberalization may lead to retail … market concentration. Due to this concentration retail prices may be higher and welfare may be lower in free trade than in … autarky, thus reversing the standard effects of trade liberalization. Second, the pro-competitive effects of trade …
Persistent link: https://www.econbiz.de/10003872802
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