Narrow search
Showing 1 - 10 of 86
Cover Image
Forward trading and collusion in supply functions
Wölfing, Nikolas - 2019
This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply … functions on the spot market. A forward market can increase the range of discount factors which allow to sustain collusion. On … the contrary, collusion is destabilised when a potential deviator sells a significant amount forward. Results do not …
Persistent link: https://www.econbiz.de/10011968922
Cover Image
Cournot meets Bayes-Nash : a discontinuity in behavior in finitely repeated duopoly games
Argenton, Cédric; Ivanova-Stenzel, Radosveta; Müller, … - 2023
information, our data confirm the well-known result that duopoly players achieve, on average, partial collusion. However, as soon …
Persistent link: https://www.econbiz.de/10014487322
Cover Image
Static Costs vs. Dynamic Benefits of a Minimum Quality Standard under Cournot Competition
Napel, Stefan; Oldehaver, Gunnar - 2007
, however, ignores dynamic effects. We show that an MQS can hinder collusion, resulting in dynamic welfare gains that reduce and …
Persistent link: https://www.econbiz.de/10012502977
Cover Image
More than joints : multi-substance use, choice limitations, and policy implications
Sovinsky, Michelle; Jacobi, Liana; Allocca, Alessandra; … - 2023
As illicit substances move into the legal product space, substitution patterns with legal products become more salient. In particular, marijuana legalization may have implications for the use of other legal “sin” goods. We estimate a structural model of multi-product use of illegal and legal...
Persistent link: https://www.econbiz.de/10014476791
Cover Image
Signalling rivalry and quality uncertainty in a duopoly
Bester, Helmut; Demuth, Juri - 2011
This paper considers a market in which only the incumbent's quality is publicly known. The entrant's quality is observed by the incumbent and some fraction of informed consumers. This leads to price signalling rivalry between the duopolists, because the incumbent gains and the entrant loses when...
Persistent link: https://www.econbiz.de/10009404774
Cover Image
Spin doctors : an experiment on vague disclosure
Deversi, Marvin; Ispano, Alessandro; Schwardmann, Peter - 2021
Unfavorable news are often delivered under the disguise of vagueness. Our theory-driven laboratory experiment investigates this strategic use of vagueness in voluntary disclosure and asks whether there is scope for policy to improve information transmission. We find that vagueness is profitably...
Persistent link: https://www.econbiz.de/10013191455
Cover Image
Certification and market transparency
Stahl, Konrad; Strausz, Roland - 2017
In markets with quality unobservable to buyers, third-party certification is often the only instrument to increase transparency. While both sellers and buyers have a demand for certification, its role differs fundamentally: sellers use it for signaling, buyers use it for inspection. Seller...
Persistent link: https://www.econbiz.de/10011590937
Cover Image
Testing
Bergbauer, Annika Barbara; Hanushek, Eric Alan; … - 2018
We investigate the achievement impact of alternative uses of student assessments. Our dataset covers over 2 million students in 59 countries observed over 6 waves in the international PISA test 2000-2015. Our empirical model exploits the country panel dimension to investigate assessment reforms...
Persistent link: https://www.econbiz.de/10011930457
Cover Image
Signals sell : product lines when consumers differ both in taste for quality and image concern
Friedrichsen, Jana - 2018
This paper analyzes optimal product lines when consumers differ both in their taste for quality and in their desire for social image. The market outcome features partial pooling and product differentiation that is not driven by heterogeneous valuations for quality but by image concerns. A...
Persistent link: https://www.econbiz.de/10011899163
Cover Image
Demand and supply side linkages in exporting multiproduct firms
Eckel, Carsten; Flach, Lisandra; Meng, Ning - 2023
Products produced by a multiproduct firm can be linked through demand linkages or supply linkages. On the demand side, changes in the price of one product can affect the demand for a firm's other products through shifts in consumer expenditures. This is commonly referred to as the...
Persistent link: https://www.econbiz.de/10014492127