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Competititon and Efficiency in Congested Markets

Acemoglu, Daron - 2007

We study the efficiency of oligopoly equilibria in congested markets. The motivating examples are the allocation of …

Persistent link: https://www.econbiz.de/10012731802

Acemoglu, Daron - 2006

We study the efficiency of oligopoly equilibria in a model where firms compete over capacities and prices. The … demands across the firms. We first establish the existence of pure strategy subgame perfect equilibria (oligopoly equilibria … oligopoly equilibria of this game can be arbitrarily low. However, if the best oligopoly equilibrium is selected (among multiple …

Persistent link: https://www.econbiz.de/10012732430

Price Competition in Communication Networks

Acemoglu, Daron; Ozdaglar, Asuman E. - 2006

We study the efficiency properties of oligopoly equilibria in congested networks. Our measure of efficiency is the … oligopoly equilibria can be bounded by 1/2, where strong oligopoly equilibria are equilibria in which each provider plays a … strict best response and all of the traffic is transmitted. However, even with strong oligopoly equilibria, inefficiency can …

Persistent link: https://www.econbiz.de/10014058354

Privacy-constrained network formation

Acemoglu, Daron; Makhdoumi, Ali; Malekian, Azarakhsh; … - 2015

With the increasing ease with which information can be shared in social media, the issue of privacy has become central for the functioning of various online platforms. In this paper, we consider how privacy concerns affect individual choices in the context of a network formation game (where...

Persistent link: https://www.econbiz.de/10011491734

Competition and Efficiency in Congested Markets

Acemoglu, Daron - 2006

We study the efficiency of oligopoly equilibria in congested markets. The motivating examples are the allocation of …

Persistent link: https://www.econbiz.de/10012735297

Aggregate Comparative Statics

Acemoglu, Daron - 2009

In aggregative games, each player's payoff depends on her own actions and an aggregate of the actions of all the players (for example, sum, product or some moment of the distribution of actions). Many common games in industrial organization, political economy, public economics, and...

Persistent link: https://www.econbiz.de/10012718139

Innovation, reallocation and growth

Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - 2013

Persistent link: https://www.econbiz.de/10009742009

Innovation by Entrants and Incumbents

Acemoglu, Daron - 2010

framework for the analysis of growth driven by both entry of new firms and productivity improvements by continuing firms. Unlike … productivity improvements by incumbents in response to reduced entry, which may outweigh the positive effect of greater creative … destruction. As the model features entry of new firms and expansion and exit of existing firms, it also generates a non …

Persistent link: https://www.econbiz.de/10013137809

Innovation, Reallocation and Growth

Acemoglu, Daron - 2015

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A … provides a good fit to the dynamics of firm entry and exit, output and R&D, and its implied elasticities are in the ballpark of ….5% because it deters entry of new high-type firms. On the contrary, substantial improvements (of the order of 5% improvement in …

Persistent link: https://www.econbiz.de/10013035706

The emergence of weak, despotic, and inclusive states

Acemoglu, Daron; Robinson, James A. - 2017

Societies under similar geographic and economic conditions and subject to similar external influences nonetheless develop very different types of states. At one extreme are weak states with little capacity and ability to regulate economic or social relations. At the other are despotic states...

Persistent link: https://www.econbiz.de/10011786762