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Technological change, entry and stock market dynamics : an analysis of transition in a monopolistic economy

Datta, Bipasa; Dixon, Huw - 2002

This paper explores an equilibrium model for industry entry dynamics and technological change. We focus on the share …

Persistent link: https://www.econbiz.de/10011408812

Beyond the dogma of the fixed book price agreement

Ploeg, Frederick van der - 2003

-stocked bookshops than the diversity of published titles and that debutantes do not face big barriers to entry. One should be even more …

Persistent link: https://www.econbiz.de/10011507914

Regulation and internet access in Germany

Reutter, Michael - 2001

selectiion. We show why market entry for flatrate firms is difficult under a linear wholesale tariff. With both a linear and a …

Persistent link: https://www.econbiz.de/10011398800

Entry dynamics, capacity utilisation and productivity in a dynamic open economy

Aloi, Marta; Dixon, Huw - 2002

defines an optimal firm size. Changes to the number of firms is subject to adjustment costs, so that the entry dynamics is …

Persistent link: https://www.econbiz.de/10011409812

Vertical product differentiation when quality is unobservable to buyers : presented at CESifo Area Conference on Industrial Organisation, March 2003

Orosel, Gerhard O.; Zauner, Klaus G. - 2004

We analyze vertical product differentiation in a model where a good's quality is unobservable to buyers before purchase …, a continuum of quality levels is technologically feasible, and minimum quality is supplied under competitive conditions …. After purchase the true quality of the good is revealed with positive probability. To provide firms with incentives to …

Persistent link: https://www.econbiz.de/10011450700

Time, risk, precommitment, and adverse selection in competitive insurance markets

Pauly, Mark V. - 2003

This informal paper explores models of competitive insurance market equilibrium when individuals of initially similar apparent risk experience divergence in risk levels over time. The information structure is modeled in three alternative ways: all insurers and insureds know risk at any point in...

Persistent link: https://www.econbiz.de/10011511061

Risk taking, limited liability and the competition of bank regulators

Sinn, Hans-Werner - 2001

Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank to undercapitalise and finance overly risky business projects. To counter this market failure, national governments have imposed solvency constraints on banks. However, these...

Persistent link: https://www.econbiz.de/10011400902

Market transparency, adverse selection, and moral hazard

Klein, Tobias J.; Lambertz, Christian; Stahl, Konrad - 2013

We study the effects of improvements in market transparency on eBay on seller exit and continuing sellers' behavior. An improvement in market transparency by reducing strategic bias in buyer ratings led to a significant increase in buyer valuation especially of sellers rated poorly prior to the...

Persistent link: https://www.econbiz.de/10010227243

How to share it out : the value of information in teams

Gershkov, Alex; Li, Jianpei; Schweinzer, Paul - 2014

We study the role of information exchange, leadership and coordination in team or partnership structures. For this purpose, we view individuals jointly engaging in productive processes-a "team"-as endowed with individual and privately held information on the joint production process. Once...

Persistent link: https://www.econbiz.de/10010405163

Contractual externalities and common agency equilibria

Martimort, David; Stole, Lars A. - 2001

This paper characterizes the equilibrium sets of an intrinsic common agency game with direct exter-nalities between principals both under complete and asymmetric information. Direct externalities arise when the contracting variable of one principal affects directly the other principal s payoff....

Persistent link: https://www.econbiz.de/10011400799