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Measuring the Intensity of Competition in Export Markets
Goldberg, Pinelopi K. - 1995
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/10012473651
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Intermedia Substitutability and Market Demand by National Advertisers
Silk, Alvin J. - 2001
We assess substitutable and complementary relationships among eight national advertising media classes, as well as the magnitude of their own-price elasticities. We use a translog demand model, whose parameters we estimate by three-stage least squares, based on 1960-94 annual U.S. data.We find...
Persistent link: https://www.econbiz.de/10012470092
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The Role of Leasing under Adverse Selection
Hendel, Igal - 1998
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/10012472232
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Market Potential, Increasing Returns, and Geographic Concentration
Hanson, Gordon H. - 1998
approximates Harris' (1954) market-potential function. The estimation results show how far demand linkages extend across space and …
Persistent link: https://www.econbiz.de/10012472379
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Smuggling, Camouflaging, and Market Structure
Jensen, Richard A. - 1988
We examine how market structure and enforcement affect smuggling and welfare in a model where smuggling is camouflaged … by legal sales. Conditions are given for when some, but not necessarily all, firms smuggle. With camouflaging, the market …
Persistent link: https://www.econbiz.de/10012476442
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Identification in Differentiated Products Markets Using Market Level Data
Berry, Steven T. - 2010
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/10012463009
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Incentives in Markets, Firms and Governments
Acemoglu, Daron - 2003
Most government expenditure is on goods that yield primarily private benefits, such as education, pensions, and healthcare. We argue that markets are most advantageous in areas where high-powered incentives are desirable, but in areas where high-powered incentives stimulate unproductive...
Persistent link: https://www.econbiz.de/10012468896
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Contracting and the Division of the Gains from Trade
Bernard, Andrew B. - 2015
This paper examines the microstructure of import markets and the division of the gains from trade among consumers, importers and exporters. When exporters and importers transact through anonymous markets, double marginalization and business stealing among competing importers lead to lower...
Persistent link: https://www.econbiz.de/10012456979
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The Supply and Demand for Safe Assets
Gorton, Gary B. - 2013
There is a demand for safe assets, either government bonds or private substitutes, for use as collateral. Government bonds are safe assets, given the government's power to tax, but their supply is driven by fiscal considerations, and does not necessarily meet the private demand for safe assets....
Persistent link: https://www.econbiz.de/10012459930
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The Production of and Market for New Physicians' Skill
Epstein, Andrew J. - 2013
Our understanding of the determinants of physician skill and the extent to which skill is valued in the marketplace is superficial. Using a large, detailed panel of new obstetricians, we find that, even though physicians' maternal complication rates improve steadily with years of practice,...
Persistent link: https://www.econbiz.de/10012459985