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Limiting Limited Liability
Dari-Mattiacci, Guiseppe - 2006
Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is … externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability …
Persistent link: https://www.econbiz.de/10010325584
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Contests with Rank-Order Spillovers
Baye, Michael R.; Kovenock, Dan; de Vries, Casper G. - 2009
This paper presents a unified framework for characterizing symmetric equilibrium in simultaneous move, two-player, rank-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that depend on the rank-order of her decision...
Persistent link: https://www.econbiz.de/10010325768
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Market power in California's water market
Tomori, Françeska; Ansink, Erik; Houba, Harold; … - 2021
We estimate market power in California's thin water market. Market frictions may distort the potential welfare gains from water marketing. We use a Nash-Cournot model and derive a closed-form solution for the extent of market power in a typical water market setting. We then use this solution to...
Persistent link: https://www.econbiz.de/10012427197
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Investment, Expectations and Uncertainty: Empirical Evidence on the Relevance of Firm Size
Koetse, Mark J.; van der Vlist, Arno J.; de Groot, … - 2003
This paper analyses the effect of uncertainty on investment spending. We analyse twotypes of investment, i.e. aggregate … investment and investment in energy saving technologies,using subjective evaluations of expectations and uncertainty of Dutch … general investment spending. Furthermore, expectationsand uncertainty have important although different effects on investment …
Persistent link: https://www.econbiz.de/10010324949
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Biodiversity Prospecting over Time and under Uncertainty: A Theory of Sorts
Batabyal, Amitrajeet A.; Nijkamp, Peter - 2013
Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...
Persistent link: https://www.econbiz.de/10010326306
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Uncertain Technological Change under Capital Mobility
de Hek, Paul A. - 2005
is, the growth-uncertainty relationship depends on whether returns to scale in knowledge creation are increasing or non …
Persistent link: https://www.econbiz.de/10010325453
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Measuring Competition Intensity; An Application to Air/HSR Transport Markets
Behrens, Christiaan; Leijsen, Mark - 2015
We develop a method to measure the intensity of competition between firms. Our method, which we call the Best Response Measure (BRM), is related to the conduct parameter method, but avoids the main problems associated with that method. The BRM relies on a very general framework and limited data...
Persistent link: https://www.econbiz.de/10011288424
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Adoption of Superior Technology in Markets with Heterogeneous Network Externalities and Price Competition
Janssen, Maarten C.W.; Mendys, Ewa - 2000
In this paper we investigate whether markets with heterogeneous network externalities can belocked-in by old technologies even if superior technologies are available. Heterogeneous networkexternalities are present when some consumers care more about the size of the market share of agood than...
Persistent link: https://www.econbiz.de/10010324596
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R&D Networks
Goyal, Sanjeev; Moraga, Jose Luis - 2000
We develop a model of strategic networks that captures two distinctive features of interfirm collaboration: bilateral agreements and nonexclusive relationships. Our analysis highlights the relationship between market competition, firms' incentives to invest in R&D, and the architecture of...
Persistent link: https://www.econbiz.de/10010324725
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Electronic Commerce and Retail Channel Substitution
Janssen, Maarten C.W.; van der Noll, Rob - 2002
uncertainty. Furthermore, searching consumers do notalways buy. They drop out when the uncertainty associated with buying online … magnitude of the online purchase uncertainty. …
Persistent link: https://www.econbiz.de/10010324893