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A new interest in the role of services in world transactions has been generated by the current efforts of the U. S …. Government to reduce barriers to international trade in services.The paper distinguishes four different classifications of … economic activities between services and corrmodities. Service industries -- those producing non-storable outputs -- have been …
Persistent link: https://www.econbiz.de/10012477978
This paper investigates the role of product upgrades and consumer switching costs in the tying of complementary products. Previous analyses of tying have found that a monopolist of one product cannot increase its profits and reduce social welfare by tying and monopolizing a complementary product...
Persistent link: https://www.econbiz.de/10012467274
This paper investigates how the tying of complementary products can be used to preserve and extend monopoly positions. We first show how a firm that is a monopolist of a product in the current period can use tying to preserve its monopoly position in future periods. We then show using related...
Persistent link: https://www.econbiz.de/10012471980
perform in developed countries. We present a dynamic theory of commercial broadcasting where the media trade utility …-raising goods (programs, information, and services) with audiences in exchange for their exposure to advertisements (utility …
Persistent link: https://www.econbiz.de/10012455686
Consider two heterogenous populations of agents who, when matched, jointly produce an output, `Y`. For example, teachers and classrooms of students together produce achievement, parents raise children, whose life outcomes vary in adulthood, assembly plant managers and workers produce a certain...
Persistent link: https://www.econbiz.de/10012456576
We empirically test an information economics based theory of social preferences in which ego utility and self … a large price discount for the good. The combined evidence supports the self-signaling theory whereby price discounts …
Persistent link: https://www.econbiz.de/10012457193
) by adding newly traded goods and services and that much of this new trade is in intermediates. I provide an extension of …
Persistent link: https://www.econbiz.de/10012462725
lobbying (internal organization vs. trade association) by firms in administrative agencies. It explores the power and limitations of the collective action theories and transaction cost theories in explaining lobbying. It introduces a dataset of over 900 lobbying contacts cover 101 issues at the...
Persistent link: https://www.econbiz.de/10012471024
trade. One simple taxonomy separates the theory into vertical' models in which firms geographically separate activities by …
Persistent link: https://www.econbiz.de/10012471623
This is an invited chapter for the forthcoming Volume 4 of the Handbook of Industrial Organization. We focus on markets with frictions, such as transaction costs, asymmetric information, search and matching frictions. We discuss how such frictions affect allocations, favor the emergence of...
Persistent link: https://www.econbiz.de/10012629479