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Value Added and Productivity Linkages Across Countries
de Soyres, François - 2016
What is the relationship between international trade and business cycle synchronization? Using data from OECD countries, I find that trade in intermediate inputs plays a significant role in synchronizing GDP fluctuations across countries while trade in final goods is found insignificant....
Persistent link: https://www.econbiz.de/10013370126
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Infrastructure quality in deregulated industries: Is there an underinvestment problem
Buehler, Stefan; Schmutzler, Armin; Benz, Men-Andri - 2002
We investigate how various institutional settings affect a network provider's incentives to invest in infrastructure quality. Under reasonable assumptions on demand, investment incentives turn out to be smaller under vertical separation than under vertical integration, though we also provide...
Persistent link: https://www.econbiz.de/10010315603
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Network formation with local complements and global substitutes: The case of R&D networks
Hsieh, Chih-sheng; König, Michael D.; Liu, Xiaodong - 2017
networks are consistent with empirically observed networks. We then use our equilibrium characterization to show that the model … can be conveniently estimated even for large networks. The policy relevance is demonstrated with examples of firm exit …, mergers and acquisitions and subsidies in the context of R&D collaboration networks. …
Persistent link: https://www.econbiz.de/10011663176
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Dynamic R&D networks
König, Michael D. - 2013
In this paper we analyze R&D collaboration networks in industries where firms are competitors in the product market … network structure. We provide a general characterization of both equilibrium networks and endogenous production choices, and …
Persistent link: https://www.econbiz.de/10010316852
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Nonlinear pricing with self-control preferences
Esteban, Susanna; Miyagawa, Eiichi; Shum, Matthew - 2003
This paper studies optimal nonlinear pricing for a monopolist when consumers' preferences exhibit temptation and self-control as in Gul and Pesendorfer (2001a). Consumers are subject to temptation inside the store but exercise self-control, and those foreseeing large self-control costs do not...
Persistent link: https://www.econbiz.de/10010293447
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Experts vs. discounters: consumer free riding and experts withholding advice in markets for credence goods
Dulleck, Uwe; Kerschbamer, Rudolf - 2005
This paper studies price competition between experts and discounters in a market for credence goods. While experts can identify a consumer’s problem by exerting costly but unobservable diagnosis effort, discounters just sell treatments without giving any advice. The unobservability of...
Persistent link: https://www.econbiz.de/10010294501
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Price discrimination via the choice of distribution channels
Dulleck, Uwe; Kerschbamer, Rudolf - 2005
This article studies the use of different distribution channels as an instrument of price discrimination in credence goods markets. In credence goods markets, where consumers do not know which quality of the good or service they need, price discrimination proceeds along the dimension of quality...
Persistent link: https://www.econbiz.de/10010294597
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Reputation and Certification in Online Shops
Hackl, Franz; Kügler, Agnes; Winter-Ebmer, Rudolf - 2011
We investigate the impact of self-organized reputation versus certification by an independent institution on demand for online shops. Using data from a large Austrian price comparison site, we show that quality seals issued by a credible and independent institution increase demand more than...
Persistent link: https://www.econbiz.de/10010294857
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Information presentation and consumer choice: Evidence from Assisted Reproductive Technology (ART) success rates reports
Wu, Bingxiao - 2014
Prior literature on quality disclosure focuses on whether information provision affects consumer choice. This paper extends this research and explores whether information presentation affects consumer responsiveness in the context of Assisted Reproductive Technology (ART) reports. I find that...
Persistent link: https://www.econbiz.de/10011396834
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The welfare effects of endogenous quality choice in cable television markets
Crawford, Gregory S.; Shcherbakov, Oleksandr; Shum, Matthew - 2015
We measure the welfare consequences of endogenous quality choice in imperfectly competitive markets. We introduce the concept of a "quality markup" and measure the relative welfare consequences of market power over price and quality. For U.S. paid-television markets during 1997-2006, we find...
Persistent link: https://www.econbiz.de/10011420559