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Existence of free entry equilibrium in aggregative games with asymmetric agents

Okumura, Yasunori - In: Economics Letters 127 (2015) C, pp. 14-16

In this paper, we examine a free entry aggregative game where agents can be asymmetric. We show the existence of a pure …

Persistent link: https://www.econbiz.de/10011189517

Labour union, entry and consumer welfare

Mukherjee, Arijit; Wang, Leonard F.S. - In: Economics Letters 120 (2013) 3, pp. 603-605

for entry and may also make consumers better off compared to the situation with no labour union if the labour productivity … of the entrant is sufficiently higher to that of the incumbent. …

Persistent link: https://www.econbiz.de/10010681771

Technology licensing and innovation

Mukherjee, Arijit; Mukherjee, Soma - In: Economics Letters 120 (2013) 3, pp. 499-502

We show that under a fixed-fee licensing contract if the licenser and the licensee bargain over the licensing fee …, licensing decreases (increases) innovation by decreasing (increasing) the strategic (non-strategic) benefit from innovation …. However, licensing increases innovation under a two-part tariff licensing contract. Licensing does not reduce social welfare. …

Persistent link: https://www.econbiz.de/10010681747

Application compatibility and affiliation in two-sided markets

Maruyama, Masayoshi; Zennyo, Yusuke - In: Economics Letters 130 (2015) C, pp. 39-42

This paper analyzes the unilateral choices of application compatibility by platforms and the endogenous affiliations of two different groups (content providers and users). We find a novel result that for both platforms to unilaterally choose application compatibility is not an equilibrium unless...

Persistent link: https://www.econbiz.de/10011263393

Introducing consumer heterogeneity in dynamic games with multi-product firms and differentiated product demand

Macieira, João - In: Economics Letters 129 (2015) C, pp. 62-65

This paper extends a discrete-choice model of differentiated product demand to consider consumer heterogeneity in dynamic games. Our approach applies to games involving both multi-product firms and static price competition.

Persistent link: https://www.econbiz.de/10011263409

Leading merger in a Stackelberg oligopoly: Profitability and consumer welfare

Liu, Chih-Chen; Wang, Leonard F.S. - In: Economics Letters 129 (2015) C, pp. 1-3

This paper examines the effects of obtaining a strategic advantage of becoming the leader in the market on insiders’ incentives to merge and consumer welfare. We show that being the market leader is privately profitable for the merging insiders. We also show that the leading merger would...

Persistent link: https://www.econbiz.de/10011263415

Strategic environmental corporate social responsibility in a differentiated duopoly market

Liu, Chih-Chen; Wang, Leonard F.S.; Lee, Sang-Ho - In: Economics Letters 129 (2015) C, pp. 108-111

This paper investigates the impacts of competition structures on firms’ incentives for adopting strategic environmental corporate social responsibility (ECSR) certified by a Non-Governmental Organization. We show that, to induce firms to adopt certified ECSR, the certifier will set a standard...

Persistent link: https://www.econbiz.de/10011263444

Why are losses from trade unlikely?

Bykadorov, Igor; Gorn, Alexey; Kokovin, Sergey; … - In: Economics Letters 129 (2015) C, pp. 35-38

Examining a standard monopolistic competition model with unspecified utility/cost functions, we find necessary and sufficient conditions on their elasticities for welfare losses to arise from trade or market expansion. Two numerical examples explain the losses (under unrealistic elasticities).

Persistent link: https://www.econbiz.de/10011263454

Farsighted R&D networks

Mauleon, Ana; Sempere-Monerris, Jose J.; Vannetelbosch, … - In: Economics Letters 125 (2014) 3, pp. 340-342

We analyze the formation of bilateral R&D collaborations in an oligopoly when each firm benefits from the research done by other firms it is connected to. In contrast to myopic stability, farsighted stability leads to R&D networks consisting of two minimally connected components, with the...

Persistent link: https://www.econbiz.de/10011116200

A note on optimal airline networks under airport congestion

Fageda, Xavier; Flores-Fillol, Ricardo - In: Economics Letters 128 (2015) C, pp. 90-94

We extend the monopoly case without congestion in Brueckner (2004) by examining network choice in a duopoly where airport congestion can occur. Airlines prefer hub-and-spoke configurations, even if this implies higher congestion costs. Airlines may be inefficiently biased towards hub-and-spoke...

Persistent link: https://www.econbiz.de/10011208466