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The entrepreneurial adjustment process in disequilibrium
Burke, Andrew; Stel, Adriaan J. van - 2009
The main contribution of entrepreneurship theory to economics is to provide an account of market performance in …
Persistent link: https://www.econbiz.de/10011377541
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On the benefits of being alone : scheduling changes, intensity of competition and dynamic airline pricing
Kerkemezos, Yannis; Karreman, Bas - 2020
also suggest that airline price dispersion increases with the intensity of competition. …
Persistent link: https://www.econbiz.de/10012251366
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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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Oligopolistic competition in price and quality
Dubovik, Andrei; Janssen, Maarten C. W. - 2008
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 …
Persistent link: https://www.econbiz.de/10011376636
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Going through the roof : on prices for drugs sold through insurance
Kamphorst, Jurjen; Karamychev, Vladimir A. - 2021 - This version: January 11, 2021
We offer a theory of how the combination of budget constraints and insurance drives up prices. A natural context for … our theory is the health care market, where drug prices can be very high. Our model predicts that monopoly prices for … orphan drugs are inversely related to the prevalence up until a maximum price. This is supported by empirical evidence in the …
Persistent link: https://www.econbiz.de/10012416335
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Marketmaking middlemen
Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016
This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode by which an intermediary holds inventories...
Persistent link: https://www.econbiz.de/10011520869
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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
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Strategic versus financial investors : the role of strategic objectives in financial contracting
Arping, Stefan; Falconieri, Sonia - 2009
penalize poorly performing entrepreneurs by terminating their projects. Based on this tradeoff we develop a theory of financing …
Persistent link: https://www.econbiz.de/10011378146
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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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Middlemen : a directed search equilibrium approach
Watanabe, Makoto - 2012
Persistent link: https://www.econbiz.de/10010190985