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Carlton, Dennis W. - 2007

This paper provides a new explanation for tying that is not based on any of the standard explanations -- efficiency, price discrimination, and exclusion. Our analysis shows how a monopolist sometimes has an incentive to tie a complementary good to its monopolized good in order to transfer...

Persistent link: https://www.econbiz.de/10012465313

Strategic Information Disclosure : The Case of Multi-Attribute Products with Heterogeneous Consumers

Hotz, V. Joseph - 2006

We examine the incentives for firms to voluntarily disclose otherwise private information about the quality attributes of their products. In particular, we focus on the case of differentiated products with multiple attributes and heterogeneous consumers. We show that there exist certain...

Persistent link: https://www.econbiz.de/10012466734

Executive Compensation, Strategic Competition, and Relative Performance Evaluation : Theory and Evidence

Aggarwal, Rajesh - 1996

We argue that strategic interactions between firms in an oligopoly can explain the puzzling lack of high-powered incentives in executive compensation contracts written by shareholders whose objective is to maximize the value of their shares. We derive the optimal compensation contracts for...

Persistent link: https://www.econbiz.de/10012473194

Pricing Strategy and Financial Policy

Dasgupta, Sudipto - 1996

Recent empirical evidence indicates that capital structure changes affect pricing strategies. In most cases, prices increase following the implementation of a leveraged buyout of a major firm in an industry, with the more levered firm charging higher prices on average. Notable exceptions exist...

Persistent link: https://www.econbiz.de/10012473361

Strategic Trade Policy When Domestic Firms Compete Against Vertically Integrated Rivals

Rodrik, Dani - 1989

This paper models the international competition between a domestic firm and its vertically integrated foreign rival. The domestic firm has the choice of developing its own production capability for an intermediate input, or of importing it from the foreign firm at a price set by the latter. In...

Persistent link: https://www.econbiz.de/10012476137

Market Segmentation and the Sources of Rents from Innovation : Personal Computers in the Late 1980's

Bresnahan, Timothy F. - 1996

This paper evaluates the sources of transitory market power in the market for personal computers (PCs) during the late 1980's. Our analysis is motivated by the coexistence of low entry barriers into the PC industry and high rates of innovative investment by a small number of PC manufacturers. We...

Persistent link: https://www.econbiz.de/10012473112

The Theory of Allocation and Its Implications for Marketing and Industrial Structure

Carlton, Dennis W. - 1991

This paper identifies a cost of using the price system and from that develops a general theory of allocation. The … theory explains why a buyer's stochastic purchasing behavior matters to a seller. This leads to a theory of optimal customer … mix much akin to the theory of optimal portfolio composition. It is the job of a firm's marketing department to put …

Persistent link: https://www.econbiz.de/10012475214

A Tale of Two Networks : Common Ownership and Product Market Rivalry

Ederer, Florian; Pellegrino, Bruno - National Bureau of Economic Research - 2022

We study the welfare implications of the rise of common ownership in the United States from 1994 to 2018. We build a general equilibrium model with a hedonic demand system in which firms compete in a network game of oligopoly. Firms are connected through two large networks: the first reflects...

Persistent link: https://www.econbiz.de/10013191098

The Balance of Payments Adjustment Mechanism in a Rational Expectations Equilibrium

Clarida, Richard H. - 1986

partial-adjustment-to-target behavior typically postulated in the monetary approach literature. The existence of a rational expectations equilibrium in which the distribution of international reserves among central banks is stationary is established

Persistent link: https://www.econbiz.de/10012477127

A Disaggregate Equilibrium Model of the Tax Distortions Among Assets, Sectors, and Industries

Fullerton, Don - 1986

This paper encompasses multiple sources of inefficiency introduced by the U.S. tax system into a single general equilibrium model. Using disaggregate calculations of user cost, we measure interasset distortions from the differential taxation of many types of assets. Simultaneously, we model the...

Persistent link: https://www.econbiz.de/10012477170

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