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Entry barriers and growth : the role of endogenous market structure
Jiang, Helu; Zheng, Yu; Zhu, Lijun - 2023
We use China's growth experience as a laboratory to study how reductions in entry barrier contribute to economic growth by inducing a more competitive market structure. The removal of entry restrictions on private firms in the late 1990s and early 2000s made the Chinese economy more competitive...
Persistent link: https://www.econbiz.de/10014314301
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Market power and wage inequality
Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, … - 2022
We propose a theory of how market power affects wage inequality. We ask how goods and labor market power jointly affect …
Persistent link: https://www.econbiz.de/10013466168
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Procurement with unenforceable contract time and the law of liquidated damages
Dosi, Cesare; Moretto, Michele - 2012
. By exploiting the real-option approach, we examine how the inability to force sellers to meet the contract time … when the contract does not provide for any compensation for late-delivery. -- Public Procurement ; Fixed-Price Contracts …
Persistent link: https://www.econbiz.de/10009565538
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Taking the lab to the field : experimental tests of alternative mechanisms to procure multiple contracts
Lunander, Anders; Nilsson, Jan-Eric - 2003
winning more than one contract, whereas other bidders have increasing average cost functions. The combinatorial bidding …
Persistent link: https://www.econbiz.de/10011591112
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Termination fees and contract design in public-private partnerships
Buso, Marco; Dosi, Cesare; Moretto, Michele - 2018
We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be loss-making. In a continuous time setting with hidden information about stochastic operating profits, we show that a revenue-maximizing government can optimally...
Persistent link: https://www.econbiz.de/10011925624
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Supply contracting under dynamic asymmetric cost informationl
Di Corato, Luca; Moretto, Michele - 2024
We consider a long-term contractual relationship in which a buyer procures a fixed quantity of a product from a supplier and then sells it on the market. The production cost is private information and evolves randomly over time. The solution to this dynamic principal-agent problem involves a...
Persistent link: https://www.econbiz.de/10014478916
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Multisided media markets : applying the theory of multisided markets to media markets
Lindstädt-Dreusicke, Nadine - 2009
Media markets recently have been identified as multisided markets. The application of the theory of multisided markets … theory of multisided markets and subsequently applies it to media markets. Finally the paper draws attention to the new … perspectives and insights the theory provides but also brings open research questions to light. -- media economics ; two …
Persistent link: https://www.econbiz.de/10003911979
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Collective reputation, entry and minimum quality standard
Rouvière, Elodie (contributor);  … - 2008
This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality standard. Second, we argue that a minimum quality standard can...
Persistent link: https://www.econbiz.de/10003659949
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Vertical differentiation and collusion : cannibalization or proliferation?
Gabszewicz, Jean Jaskold; Marini, Marco A.; Tarola, Ornella - 2016
In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...
Persistent link: https://www.econbiz.de/10011451580
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Switching costs, firm size, and market structure
Loertscher, Simon (contributor); Schneider, Yves (contributor) - 2005
In many markets, homogenous goods and services are sold both by large global frms and small local frms. Surprisingly, the large frms charge, often substantially, higher prices. Examples include hotels, airlines, and coffee shops. This paper provides a parsimonious model that can account for...
Persistent link: https://www.econbiz.de/10003082673