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Entry, Exit, and the Determinants of Market Structure
Dunne, Timothy - 2009
Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a dynamic, structural model of entry and exit in...
Persistent link: https://www.econbiz.de/10013156542
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Oligopoly Deregulation in General Equilibrium : A Tax Neutralization Result
Metcalf, Gilbert E.; Norman, George - 2021
We examine the interplay between market structure and the form that commodity taxation should take in a general equilibrium model in which firms produce differentiated products and so are able to exert market power. Our analysis takes account of two important recent developments that affect...
Persistent link: https://www.econbiz.de/10013237237
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Allocative Efficiency, Mark-Ups, and the Welfare Gains from Trade
Holmes, Thomas - 2014
determines how changes in trade frictions affect allocative efficiency in an oligopoly model of international trade, decomposing …
Persistent link: https://www.econbiz.de/10013063359
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Keeping it Fresh : Strategic Product Redesigns and Welfare
Blonigen, Bruce A. - 2014
and exit decisions in a dynamic oligopoly model (a la Bajari et al (2007)) and use it to analyse redesign activity in the …
Persistent link: https://www.econbiz.de/10013064071
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Local Protectionism, Market Structure, and Social Welfare : China's Automobile Market
Barwick, Panle Jia - 2017
While China has made great strides in transforming its centrally-planned economy to a market-oriented economy, there still exist widespread interregional trade barriers, such as policies and practices that protect local firms against competition from non-local firms. This study documents the...
Persistent link: https://www.econbiz.de/10012949439
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Crime and Durable Goods
Galiani, Sebastian - 2016
We develop a theoretical model to study how changes in the durability of the goods affects prices of stolen goods, the incentives to steal and the equilibrium crime rate. When studying the production of durable goods, we find that the presence of crime affects consumer and producer surplus and...
Persistent link: https://www.econbiz.de/10012980184
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State-Owned Enterprise Behaviour Responses to Trade Reforms : Some Analytics and Numerical Simulation Results Using Chinese Data
Whalley, John - 2007
We note the absence of prior literature on analytical structures to be used for China and other economies with extensive SOEs when evaluating behavioural responses of SOEs to trade policy and other changes. This is despite both the large empirical literature discussing the productivity effects...
Persistent link: https://www.econbiz.de/10012778093
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Was Stalin Necessary for Russia's Economic Development?
Cheremukhin, Anton - 2013
This paper studies structural transformation of Soviet Russia in 1928-1940 from an agrarian to an industrial economy … through the lens of a two-sector neoclassical growth model. We construct a large dataset that covers Soviet Russia during 1928 …-1940 and Tsarist Russia during 1885-1913. We use a two-sector growth model to compute sectoral TFPs as well as distortions and …
Persistent link: https://www.econbiz.de/10013076184
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The Equity and Efficiency of Two-Part Tariffs in U.S. Natural Gas Markets
Borenstein, Severin - 2011
Residential natural gas customers in the United States face volumetric charges for natural gas that average about 30% more than marginal cost. The large markup on natural gas - which is used to cover the fixed infrastructure and operating costs of the local distribution companies - is widely...
Persistent link: https://www.econbiz.de/10013131987
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Efficient Contracting and Market Power : Evidence from the U.S. Natural Gas Industry
Hubbard, R. Glenn; Weiner, Robert J. - 2021
It is well recognized by economists that long-term contracting under an array of price and non-price provisions may be an efficient response to small-numbers bargaining problems. Empirical work to distinguish such issues from predictions of models of market power and bargaining has been sparse,...
Persistent link: https://www.econbiz.de/10013217942