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Remedies for Price Overcharges : The Deadweight Loss of Coupons and Discounts
Polinsky, A. Mitchell; Rubinfeld, Daniel L. - 2021
This article evaluates two different remedies for consumers who have been injured by a price overcharge on the sale of a good. Under a coupon remedy, injured consumers are awarded coupons that can be used for a limited period of time to purchase the good at a price below that which prevails...
Persistent link: https://www.econbiz.de/10013234387
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A Damage-Revelation Rationale for Coupon Remedies
Polinsky, A. Mitchell; Rubinfeld, Daniel L. - 2021
This article studies optimal remedies in a setting in which damages vary among plaintiffs and are difficult to determine. We show that giving plaintiffs a choice between cash and coupons to purchase units of the defendant's product at a discount -- a "coupon-cash remedy" -- is superior to cash...
Persistent link: https://www.econbiz.de/10013243445
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Freedom to Trade and the Competitive Process
Edlin, Aaron S. - 2011
. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers …
Persistent link: https://www.econbiz.de/10013129134
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Bailouts and the Preservation of Competition
Roberts, James W. - 2011
Governments rescue private companies partly to prevent other firms from gaining excessive market power. However, if failing firms exit, new entry may limit remaining firms' market power if there are potential entrants who can be as effective competitors as the firms leaving the market. We...
Persistent link: https://www.econbiz.de/10013131956
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Exclusionary Minimum Resale Price Maintenance
Asker, John - 2010
incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down …- stream competition and the breakdown of RPM. Hence, via RPM, retailers internalize the effect of accommodating entry on the … effect of a retailer cartel. We also consider the effect of imperfect competition. Empirical and policy implications are …
Persistent link: https://www.econbiz.de/10013135407
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Valuing Identity
Fryer, Roland G. - 2010
in a hierarchy. The problem of designing an efficient policy to raise the status in this competition of a disadvantaged …
Persistent link: https://www.econbiz.de/10013135413
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Competition and the Ratchet Effect
Charness, Gary - 2010
robustness to labor market competition both theoretically and experimentally. Consistent with our theoretical model, we observe … substantial ratchet effects in the absence of competition, which is nearly eliminated when competition is introduced; this is true …
Persistent link: https://www.econbiz.de/10013138400
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The Welfare State and Competitiveness
Alesina, Alberto F. - 2010
In all modern industrial countries, redistributive expenditures are a larger component of the government budget than consumption of goods and services. In this paper, we use a general equilibrium, two- country model with exportables, importables and nontradables to study redistribution across...
Persistent link: https://www.econbiz.de/10013138851
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R&D Investments with Competitive Interactions
Miltersen, Kristian R. - 2012
) competition in the development and marketing of the resulting product. The competitive interactions that occur substantially … these interactions. Implementation of the model shows that competition in R&D, in general, not only increases production and …
Persistent link: https://www.econbiz.de/10013115937
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Inefficiencies from Metropolitan Political and Fiscal Decentralization : Failures of Tiebout Competition
Calabrese, Stephen - 2011
We examine the welfare effects of provision of local public goods in an empirically relevant setting using a multi-community model with mobile and heterogeneous households, and with flexible housing supplies. We characterize the first-best allocation and show efficiency can be implemented with...
Persistent link: https://www.econbiz.de/10013121991