Showing 1 - 10 of 41
valuation of DSL connection speeds in the range between 1 and 8 Mbps. Moreover, in January 2014, the valuation of FttH … quickly over time. The small initial difference in the valuation of DSL and FttH connections may be because consumers' basic … tariff plans, which are substantially higher when switching from DSL to FttH technology. According to counterfactual …
Persistent link: https://www.econbiz.de/10011954456
nevertheless improve welfare if it involves a downstream firm whose cost is low enough . This is because by raising the input price …
Persistent link: https://www.econbiz.de/10011410253
We examine a setting in which property rights are initially ambiguously defined. Whether the parties go to court to remove the ambiguity or bargain and settle privately, they incur enforcement costs. When the parties bargain, a version of the Coase theorem holds. Despite the additional costs of...
Persistent link: https://www.econbiz.de/10011410656
The data indicate that non-wage labour costs in Germany have reached a record high in recent years. From 1972 to 2001, the ratio of non-wage labour costs to direct compensation in West German manufacturing industry rose from 55.6 per cent to 81.2 per cent. The topic of non-wage labour costs is...
Persistent link: https://www.econbiz.de/10011507925
This paper develops a quality-ladder model of endogenous growth to study the interplay between in-house R&D and marketing expenditure. Although promotional activity is modelled as purely wasteful competition among firms for attention, it unambiguously fosters innovation activity of firms, and...
Persistent link: https://www.econbiz.de/10011509334
In the context of supply function competition with private information, we test in the laboratory whether - as predicted in Bayesian equilibrium - costs that are positively correlated lead to steeper supply functions and less competitive outcomes than do uncorrelated costs. We find that the...
Persistent link: https://www.econbiz.de/10011509449
governments. The purpose of the analysis is to answer the following questions: (i) To what extent is a higher unit cost passed on … to consumers in terms of a higher user charge? (ii) Does user charge financing lead to higher or lower unit cost? The … econometric analysis indicates that around 40 per cent of a cost increase is passed on to consumers in terms of higher user charge …
Persistent link: https://www.econbiz.de/10011509458
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
We study the effects of employment protection taking into account that firms can invest in R&D or buy new technologies in order to restore their productivity. To do so we develop an equilibrium matching model with an imperfect labor and innovation market. If employment protection is introduced,...
Persistent link: https://www.econbiz.de/10010496891
the defense effort. The cost of participation is determined in the spirit of the median voter theorem. The alliance …
Persistent link: https://www.econbiz.de/10011280825