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On the benefits of being alone : scheduling changes, intensity of competition and dynamic airline pricing
Kerkemezos, Yannis; Karreman, Bas - 2020
increase with the intensity of competition. We develop a new measure of competition for which we use the proximity (in … departure time) of a given flight to its competitors to infer the intensity of competition and estimate the impact of … competition on advance purchase discounts (APDs) and the dynamic pricing of airlines by exploiting plausibly exogenous changes in …
Persistent link: https://www.econbiz.de/10012251366
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Pluralism in economics : a public good or a public bad?
Dalen, Hendrik P. van - 2004
A pluralist approach to economics is both necessary from anacademic as well a policy point of view. From an academicviewpoint pluralism can be understood as the outcome ofcompetition and specialization in the search for new ideasthat can deal with imperfections of the real world. From apolicy...
Persistent link: https://www.econbiz.de/10011333252
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The entrepreneurial adjustment process in disequilibrium
Burke, Andrew; Stel, Adriaan J. van - 2009
in undershoots a lack of competition between incumbent firms contributes to restoration of equilibrium (creating room for … new-firm entry) while in overshoots competition induced by new firms (in particular strong displacement) helps restore …
Persistent link: https://www.econbiz.de/10011377541
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Strategic versus financial investors : the role of strategic objectives in financial contracting
Arping, Stefan; Falconieri, Sonia - 2009
Strategic investors, such as corporate venture capitalists, engage in the financing of start-up firms to complement their core businesses and to facilitate the internalization of externalities. We argue that while strategic objectives make it more worthwhile for an investor to elicit high...
Persistent link: https://www.econbiz.de/10011378146
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Industry dynamics and entrepreneurship : an equilibrium model
Fok, Dennis; Stel, Adriaan J. van; Burke, Andrew; … - 2010 - This version: October 2010
This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants’ role of performing the entrepreneurial function of creating disequilibrium and the conventional...
Persistent link: https://www.econbiz.de/10011379632
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Unraveling the shift to the entrepreneurial economy
Audretsch, David B.; Thurik, Adriaan R. - 2011 - Current version: April 2011
, ranging from the demise of the communist system, increased globalization, new competition for multinational firms and higher …
Persistent link: https://www.econbiz.de/10011381042
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Estimating firms' demand for agglomeration
Koster, Hans; Ommeren, Jos van; Rietveld, Piet - 2010
The market for commercial properties is characterised by extreme heterogeneity in demand. In this paper, we aim to gain more insight in the heterogeneity in demand for employment agglomeration and size of the rental property using a two-stage hedonic approach following Bajari and Benkard (2005)....
Persistent link: https://www.econbiz.de/10011381817
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Adoption of superior technology in markets with heterogeneous network externalities and price competition
Janssen, Maarten C. W.; Mendys-Kamphorst, Ewa - 2000
between the old andthe new technology and on whether firms compete in prices. Without price competition, a partiallock …-in occurs if (and only if) the quality difference is small. In the presence of price competition,lock-in in the traditional …
Persistent link: https://www.econbiz.de/10011304401
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Illinois walls
Schinkel, Maarten-Pieter; Tuinstra, Jan; Rüggeberg, Jakob - 2005
In its landmark ruling in Illinois Brick Co. v. Illinois in 1977, the U.S. Supreme Court restricted standing to sue for recovery of antitrust damages to direct purchasers. However, antitrust damages are typically (in part) passed on to intermediaries lower in the chain of production and...
Persistent link: https://www.econbiz.de/10011343268
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Comparative advantage, the rank-size rule, and Zipf's law
Hinloopen, Jeroen; Marrewijk, Charles van - 2006
Using a comprehensive international trade data set we investigate empirical regularities (known as Zipf’s Law or the rank-size rule) for the distribution of the interaction between countries as measured by revealed comparative advantage. Using the recently developed estimator by Gabaix and...
Persistent link: https://www.econbiz.de/10011349703