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Endogenous Horizontal Product Differentiation under Bertrand and Cournot Competition : Revisiting the Bertrand Paradox

Brander, James A. - 2015

This paper provides a new and simple model of endogenous horizontal product differentiation based on a standard demand structure derived from quadratic utility. One objective of the paper is to explain the "empirical Bertrand paradox" - the failure to observe homogeneous product Bertrand...

Persistent link: https://www.econbiz.de/10012457700

The Simple Economics of Salience and Taxation

Chetty, Raj - 2009

specification of a positive theory for why agents fail to optimize with respect to tax policies …

Persistent link: https://www.econbiz.de/10012463403

Dynamic Merger Review

Nocke, Volker - 2008

We analyze the optimal dynamic policy of an antitrust authority towards horizontal mergers when merger proposals are endogenous and occur over time. Approving a currently proposed merger will affect the profitability and welfare effects of potential future mergers, the characteristics of which...

Persistent link: https://www.econbiz.de/10012464121

Evaluating Welfare with Nonlinear Prices

Reiss, Peter C. - 2006

This paper examines how to evaluate consumer welfare when consumers face nonlinear prices. This problem arises in many settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and evaluating the efficiency costs of many transfer...

Persistent link: https://www.econbiz.de/10012466295

Dynamic Price Competition with Capacity Constraints

Betancourt, Jose M.; Hortaçsu, Ali; Öry, Aniko; … - National Bureau of Economic Research - 2024

We study dynamic price competition between sellers offering differentiated products with limited capacity and a common …

Persistent link: https://www.econbiz.de/10014635636

Intra-Industry Trade with Bertrand and Cournot Oligopoly : The Role of Endogenous Horizontal Product Differentiation

Brander, James A. - 2015

from trade under Bertrand and Cournot oligopoly. Firms differentiate their products to mitigate competition, but only if … and results in a greater difference between products under Bertrand than Cournot competition. In our model, trade in … homogeneous products never takes place under Bertrand competition: Bertrand firms export only if they differentiate their products …

Persistent link: https://www.econbiz.de/10012457660

Income Distribution, Product Quality, and International Trade

Fajgelbaum, Pablo D. - 2009

We develop a framework for studying trade in vertically and horizontally differentiated products. In our model, consumers with heterogeneous incomes and tastes purchase a homogeneous good as well as making a discrete choice of quality and variety of a differentiated product. The distribution of...

Persistent link: https://www.econbiz.de/10012463321

Varieties and the Transfer Problem : The Extensive Margin of Current Account Adjustment

Corsetti, Giancarlo - 2008

Most analyses of the macroeconomic adjustment required to correct global imbalances ignore net exports of new varieties of goods and services and do not account for firms' entry in the product market. In this paper we revisit the macroeconomics of trade adjustment in the context of the classic...

Persistent link: https://www.econbiz.de/10012464851

Monetary Policy and Business Cycles with Endogenous Entry and Product Variety

Bilbiie, Florin O. - 2007

This paper studies the role of endogenous producer entry and product creation for monetary policy analysis and business cycle dynamics in a general equilibrium model with imperfect price adjustment. Optimal monetary policy stabilizes product prices, but lets the consumer price index vary to...

Persistent link: https://www.econbiz.de/10012465454

Optimal Monetary Policy with Endogenous Entry and Product Variety

Bilbiie, Florin O. - 2011

entry and product variety in a sticky-price model with monopolistic competition in which price stability would be optimal in …

Persistent link: https://www.econbiz.de/10012461168

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