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Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10013118774
This paper presents a novel method for estimating the likely welfare effects of competition reforms for both current … consumers are more likely to reap the benefits of greater competition. This method represents a powerful tool for supporting the … analysis of competition reforms in developing countries, particularly in sectors known for excluding significant segments of …
Persistent link: https://www.econbiz.de/10013250766
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10013087422
This paper offers an eclectic survey of the political economy of labor regulation in the United States at federal and … review, and interjurisdictional competition as well as the implications of union decline. Our analysis should help dispel any …
Persistent link: https://www.econbiz.de/10012779168
the countries' authorities, openness, and transparency, consistently with the theory …
Persistent link: https://www.econbiz.de/10012750944
Human communication in organizations often involves a large amount of gossiping about others. Here we study in an …
Persistent link: https://www.econbiz.de/10012999032
It has traditionally been argued that the development of telecommunications infrastructure is dependent on the quality … telecommunications services and find it to be much smaller in cellular telephony than in the others. By evaluating the importance of … offer policy implications for alleviating differences between countries in international telecommunications development …
Persistent link: https://www.econbiz.de/10013317235
The debate about the impact of routine-biased technical change on wages revolves around the question whether occupational or overall wage distributions polarized. This paper instead argues that routine task prices should decline compared to abstract and manual task prices. I propose a new...
Persistent link: https://www.econbiz.de/10012940837
, firms are price-makers and wage-setters. Our setting combines monopolistic and monopsonistic competition, thus encapsulating …
Persistent link: https://www.econbiz.de/10013139040
This paper assesses the impact of product market competition on job instability as proxied by the use of fixed … Strategies Survey, I show that job instability rises with competition. In particular, a one standard deviation increase in … competition in an economic sector decreases the probability that a fixed-term worker gets an open-ended contract within that …
Persistent link: https://www.econbiz.de/10013125476