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This paper analyses the market transformations in heritage tourism destinations when excessivetourism demand determines the emergence of a class of excursionists among visitors. Building onthe approach of Keane (1997) and Shapiro (1983), our model highlights some importantdimensions of...
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In this paper it is argued that the slowness of the legislativesystem implies pre-commitment of legislation for at least the periodit takes to change a law. A simple model illustrates the benefit ofthis pre-commitment.
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We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10011376636
The literature suggests that competition among schools might increase quality. However, not much empirical evidence is … present as only a few countries allow competition at a large scale. One exception is the Netherlands. Free parental choice is … Netherlands we show that there is a relation between competition and student achievement in upper secondary education, but that it …
Persistent link: https://www.econbiz.de/10011377312
One of the reasons why regulators are hesitant about permitting price competition in healthcare markets is that it may … admissions to Dutch hospitals, we find no evidence that increased exposure to price competition reduces quality measured by …
Persistent link: https://www.econbiz.de/10011823733
This paper shows how price leadership bans imposed, as part of the European Commission's State aid control, on all main mortgage providers but the largest bank shifted the Dutch mortgage market from a competitive to a collusive price leadership equilibrium. In May 2009, mortgage rates in The...
Persistent link: https://www.econbiz.de/10011979609
how the pecking order theory of trading actually functions. …
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