Showing 1 - 10 of 6,279
In a dynamic environment where underlying competition is "for the market," this paper examines what happens when … entrants and incumbents can instead negotiate for the market. For instance, this might arise when an entrant innovator can …
Persistent link: https://www.econbiz.de/10013046155
utility context. Individuals start by choosing their investments in education anticipating returns in the marriage market and … the labor market. They then match based on the economic value of marriage and on preferences. Equilibrium in the marriage … market determines intrahousehold allocation of resources. Following marriage households (married or single) save, supply …
Persistent link: https://www.econbiz.de/10013024492
behavior in the car market. We show that a social planner can use leasing contracts to improve welfare but they are imperfect … tools; they cannot generally achieve first best while other mechanisms can. We also show that a producer with market power … can benefit from leasing contracts for two reasons: better pricing of the option of keeping the used good, and market …
Persistent link: https://www.econbiz.de/10012774893
Safe assets are demanded to smooth consumption across states (both intertemporally and in cross-section). Some of these assets are supplied publicly (government bonds) and some are created and supplied privately (such as mortgagebacked securities and asset-backed securities). Private assets are...
Persistent link: https://www.econbiz.de/10013087882
We consider nonparametric identification in models of differentiated products markets, using only market level … models widely used in applied work. We allow for product/market-specific unobservables, endogenous product characteristics (e …
Persistent link: https://www.econbiz.de/10013149294
This paper develops an approach to measuring the intensity of competition in international markets. The method measures the degree of 'outside' competition faced by exporters located in one source country from firms located outside the source country. We use the elasticity of price and quantity...
Persistent link: https://www.econbiz.de/10013233435
This paper aims to refine and enrich the empirical literature dealing with the sensitivity of alcohol consumption and excessive consumption to differences in the prices of alcoholic beverages. The main refinement pertains to the incorporation of insights provided by a model of rational addictive...
Persistent link: https://www.econbiz.de/10013239357
the demand and suppoly for labor-intensive care. Many economists have argued that aging will raise the market demand for … long-term care, and hence price and quantity through classic market effects. We argue that the direct effect of aging is to … lower the demand for market care by incresing the supply of home production. By influencing the length of frail lifetimes …
Persistent link: https://www.econbiz.de/10013313648
approximates Harris' (1954) market-potential function. The estimation results show how far demand linkages extend across space and …
Persistent link: https://www.econbiz.de/10013218094
introduce a model of the market for advertising on news media outlets whereby news outlets are modeled as competing two … equilibrium outcomes in the advertising market. One consequence is that multi-homing on the part of advertisers is heterogeneous …
Persistent link: https://www.econbiz.de/10013062922