We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …

We consider the efficiency of Cournot and Bertrand equilibria in a duopoly with substitutable goods where firms invest …

) leading to efficiency gains in the banking market. Our findings suggest that the more frequent bank failures occurring in a …

-binding price requests has a positive effect on efficiency in that it helps trading partners close marginal deals both in bilateral …-binding price requests. Using a laboratory experiment, we examine how competition moderates the way such cheap-talk communication … affects trade between buyers and sellers. For bilateral trade, the literature has identified efficiency, anchoring, and …

association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly … efficiency of these two evolutions. In particular, we adapt Free Disposal Hull (FDH) to estimate robust and conditional non …-oriented efficiency estimates. Parametric COLS (Fourier) tests show the robustness of the model with respect to the specification and its …

-based and frequency-based pricing systems are preferred. Second, dividing the cost effects between price and quantity effects … more important from a cost-minimizing point of view than the institutional mode of waste collection. In particular, the bag …, we illustrate that lower administrative costs and a smaller waste quantity are the most important drivers of cost …

frictions and show that partial reimbursement of commuting cost will in general be an element of the recruitment policy. The …

We study a consumer non-sequential search oligopoly model with search cost heterogeneity. We first prove that an … search. We find that the sequence of points on the support of the search cost distribution that can be identified is … convergent to zero as the number of firms increases. As a result, when the econometrician has price data from only one market …