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Cross-Border Mergers and National Champions in an Integrating Economy
Suedekum, Jens - 2006
We introduce a simple oligopolistic trade model with international transportation costs, and analyze the profitability and the social desirability of national vs. international mergers in relation to three different issues, (i) the level of trade freeness, (ii) the possibility of rent...
Persistent link: https://www.econbiz.de/10012779641
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National Champion versus Foreign Takeover
Suedekum, Jens - 2021
We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may not be prone to "economic patriotism". A...
Persistent link: https://www.econbiz.de/10013316871
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Efficiency Wages in Cournot-Oligopoly
de Pinto, Marco - 2019
In a Cournot-oligopoly with free but costly entry and business stealing, output per firm is too low and the number of … distortions occurring in oligopoly. Specifically, excessive entry is aggravated and the welfare loss due to market power rises …
Persistent link: https://www.econbiz.de/10012868832
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When the Baby Cries at Night : Inelastic Buyers in Non-Competitive Markets
Calzolari, Giacomo - 2014
We investigate empirically how sellers react to changes in the population of their consumers, identifying the effects of demand composition and demand size with limited information on costs. We show how pharmacists in Italy selectively increase the price of some products when they observe in...
Persistent link: https://www.econbiz.de/10013046241
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Oligopoly and Outsourcing
Bandyopadhyay, Subhayu - 2006
oligopolistic export sector and a competitive import-competing sector. When there is a minimum wage, an outsourcing tax might be … desirable and the usual profit-shifting objectives of an export subsidy are mitigated, perhaps completely, because it might lead … outsourcing. Further, if export subsidies are not possible due to WTO regulations, it is optimal to subsidize rather than to tax …
Persistent link: https://www.econbiz.de/10012783501
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Holdup in Oligopsonistic Labour Markets : A New Role for the Minimum Wage
Kaas, Leo; Madden, Paul - 2021
We consider a labour market model of oligopsonistic wage competition and show that there is a holdup problem although workers do not have any bargaining power. When a firm invests more, it pays a higher wage in order to attract workers from competitors. Because workers participate in the returns...
Persistent link: https://www.econbiz.de/10013317644
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Water Tariffs and Consumers' Inaction
Ornaghi, Carmine - 2018
We study adoption by more than 150,000 households of an optional transitional water tariff implemented in the South-East of England in conjunction with an universal metering programme. We document how inertia leads customers to relinquish substantial financial gains, with less than a third of...
Persistent link: https://www.econbiz.de/10012920460
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Information and Learning in Oligopoly : An Experiment
Bigoni, Maria - 2013
choices with data on the information acquisition process they follow. Subjects play a repeated Cournot oligopoly, with limited …
Persistent link: https://www.econbiz.de/10013088340
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Trust, Values and False Consensus
Butler, Jeffrey V. - 2012
Trust beliefs are heterogeneous across individuals and, at the same time, persistent across generations. We investigate one mechanism yielding these dual patterns: false consensus. In the context of a trust game experiment, we show that individuals extrapolate from their own type when forming...
Persistent link: https://www.econbiz.de/10013099101
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Heterogeneous Firms, Trade, and Economic Policy:Insights from a Simple Two-Sector Model
Pflüger, Michael; Russek, Stephan - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
The robust empirical finding that exporting firms are systematically different from firms thatmerely serve domestic consumers has inspired the development of a new brand of tradetheory, the theory of heterogeneous firms and trade. The establishment of a canonical modeldue to Melitz (2003) has...
Persistent link: https://www.econbiz.de/10009522197