Showing 1 - 10 of 6,989
This paper examines the strategic trade policy incentives for investment policies towards quality improvements in a vertically differentiated exporting industry. Firms first compete in qualities and then export to a third country market based on Bertrand or Cournot competition. Optimal policies...
Persistent link: https://www.econbiz.de/10012471239
Japanese and US firms in their markets. The duopoly model is used to determine export prices and volumes in response to the …
Persistent link: https://www.econbiz.de/10012471508
New Keynesian models of price setting under monopolistic competition involve two kinds of inefficiency: the price level is too high because firms ignore an aggregate demand externality, and when there are costs of changing prices, price stickiness may be an equilibrium response to changes in...
Persistent link: https://www.econbiz.de/10012471622
provide two examples to illustrate this point. In the context of a Cournot duopoly, we show that an implementation scheme in …
Persistent link: https://www.econbiz.de/10012472630
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
study a two-period model of duopoly competition in markets that have this feature and where firms can price discriminate …
Persistent link: https://www.econbiz.de/10012496138
This paper investigates the effect of endogenous horizontal product differentiation on trade patterns and the gains from trade under Bertrand and Cournot oligopoly. Firms differentiate their products to mitigate competition, but only if the investment required is not too high. Investment in...
Persistent link: https://www.econbiz.de/10012457660
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
This paper examines the optimal allocation of risk in an overlapping-generations economy. It compares the allocation of … risk the economy reaches naturally to the allocation that would be reached if generations behind a Rawlsian 'veil of …
Persistent link: https://www.econbiz.de/10012470454
with analysing the allocation of resources among productive uses and the distribution of the resulting product. But, this … effective property rights that inform allocation and distribution are themselves an alternative use of scarce resources ….This paper develops two canonical general-equilibrium models of resource allocation and income distribution that allow for the …
Persistent link: https://www.econbiz.de/10012470840