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Pricing, Consumer Search and the Size of Internet Markets
Janssen, Maarten C.W.; Moraga, Jose Luis - 2000
betweenfirms,thereby lowering prices and increasing economic welfare. This paperpresents a search model that provides a different …, but reduce prices when consumers search intensityis high. These different comparative statics results may explain themixed …
Persistent link: https://www.econbiz.de/10010324437
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Consumer Search Costs and the Incentives to merge under Bertrand Competition
Moraga-Gonzalez, Jose Luis; Petrikaite, Vaiva - 2011
consumers search the marketfor satisfactory deals. In the pre-merger market equilibrium, all firms lookalike and so the … merger,insiders raise their prices more than the outsiders so consumers search forgood deals first at the non-merging stores … and then, if they do not find anyproduct satisfactory enough, they continue searching at the merging stores.When search …
Persistent link: https://www.econbiz.de/10010326454
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Panel Data Estimates of the Production Function and Product and Labor Market Imperfections
Dobbelaere, Sabien; Mairesse, Jacques - 2009
Embedding the efficient bargaining model into the R. Hall (1988) approach for estimating price-cost margins shows that both imperfections in the product and labor markets generate a wedge between factor elasticities in the production function and their corresponding shares in revenue. This...
Persistent link: https://www.econbiz.de/10010325978
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Product and Labor Market Imperfections and Scale Economies: Micro-Evidence on France, Japan and the Netherlands
Dobbelaere, Sabien; Kiyota, Kozo; Mairesse, Jacques - 2013
Allowing for three labor market settings (perfect competition or right-to-manage bargaining, efficient bargaining and monopsony), this paper relies on an extension of Hall's econometric framework for estimating simultaneously price-cost margins and scale economies. Using an unbalanced panel of...
Persistent link: https://www.econbiz.de/10010326464
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Costly Location in Hotelling Duopoly
Hinloopen, Jeroen; Martin, Stephen - 2013
We introduce a cost of location into Hotelling’s (1929) spatial duopoly. We derive the general conditions on the cost-of-location function under which a pure strategy price-location Nash equilibrium exists. With linear transportation cost and a suitably specified cost of location that rises...
Persistent link: https://www.econbiz.de/10010326482
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Insuring product markets
Hinloopen, Jeroen; Zhou, Lting - 2018
We formally link insurance markets with product markets and identify a demand effect of insurance: if risk-averse consumers can buy insurance against possible product failure, there will be some additional consumers that buy the product because they can also purchase protection. The concomitant...
Persistent link: https://www.econbiz.de/10012114742
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International Environmental Agreements for River Sharing Problems
Houba, Harold; van der Laan, Gerard; Zeng, Yuyu - 2013
We study coalition formation and the strategic timing of membership of an IEA for environmental issues in the Coalitional Bargaining Game (CBG) of Gomes 2005, Econometrica). For the general CBG, we derive the necessary and sufficient condition for immediate formation of the grand coalition. We...
Persistent link: https://www.econbiz.de/10010326196
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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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The Relationship between Firm Births and Job Creation
van Stel, André; Storey, David - 2002
This paper examines the relationship between firm births and job creation in Great Britain. We use a new data set for 60 British regions, covering the whole of Great Britain, between 1980 and 1998. The central theme of the paper is that, with the exception of a recent paper by Audretsch and...
Persistent link: https://www.econbiz.de/10010324987
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Quantifying the Scope for Efficiency Defense in Merger Control: The Werden-Froeb-Index
Goppelsroeder, Marie; Schinkel, Maarten Pieter; … - 2006
This paper introduces the Werden-Froeb Index (WFI) to assist in evaluating merger-specific efficiencies in horizontal mergers. The index measures the weighted average reduction in marginal costs required to restore pre-merger equilibrium prices and quantities after the (full or partial) merger...
Persistent link: https://www.econbiz.de/10010325327