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Financialisation and the financial and economic crises: The case of Germany

Detzer, Daniel; Hein, Eckhard - Fachbereich Wirtschaftswissenschaften, Hochschule für … - 2014

examines the effects of an increasing dominance of finance since the early/mid 1990s on income distribution, investment in …

Persistent link: https://www.econbiz.de/10011085013

"Finance-dominated Capitalism and Redistribution of Income: A Kaleckian Perspective"

Hein, Eckhard - Levy Economics Institute - 2013

macroeconomic performance: the distribution channel. Empirical data for the following dimensions of redistribution in the period of … finance-dominated capitalism since the early 1980s is provided for 15 advanced capitalist economies: functional distribution …, personal/household distribution, and the share and composition of top incomes. Based on the Kaleckian approach to the …

Persistent link: https://www.econbiz.de/10010602864

Finance-dominated capitalism and income distribution: a Kaleckian perspective on the case of Germany

Hein, Eckhard; Detzer, Daniel - Financialisation, Economy, Society & Sustainable … - 2014

We present an investigation into the long-run effects of financialisation on income distribution before the financial … approach towards the examination of the effects of financialisation on income distribution, as suggested by Hein (2014a). First …, we show that Germany saw considerable re-distribution of income starting in early 1980s, which accelerated in the early …

Persistent link: https://www.econbiz.de/10010933428

Finance-dominated capitalism and income distribution: A Kaleckian perspective on the case of Germany

Hein, Eckhard; Detzer, Daniel - Fachbereich Wirtschaftswissenschaften, Hochschule für … - 2014

Persistent link: https://www.econbiz.de/10010955090

On Mergers in Consumer Search Markets

Janssen, Maarten C.W.; Moraga-Gonzalez, Jose Luis - Tinbergen Instituut - 2007

We study mergers in a market where N firms sell a homogeneous good and consumers search sequentially to discover prices. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search environment, the search behavior of consumers. Endogenous...

Persistent link: https://www.econbiz.de/10011255485

Two Firms is enough for Competition, but Three or More is better

Janssen, Maarten C.W.; Moraga, Jose Luis - Tinbergen Instituut - 2001

We present an oligopoly model where a certain fraction of consumers engage in costly non-sequential search to discover prices. There are three distinct price dispersed equilibria characterized by low, moderate and high search intensity, respectively. We show that the effects of an increase in...

Persistent link: https://www.econbiz.de/10011255756

A Note on Costly Sequential Search and Oligopoly Pricing

Janssen, Maarten C.W.; Moraga-Gonzalez, Jose Luis; … - Tinbergen Instituut - 2004

We modify the paper of Stahl (1989) [Stahl, D.O., 1989. Oligopolistic pricing with sequential consumer search. American Economic Review 79, 700–12] by relaxing the assumption that consumers obtain the first price quotation for free. When all price quotations are costly to obtain, the unique...

Persistent link: https://www.econbiz.de/10011256195

Microfoundations

Janssen, Maarten C.W. - Tinbergen Instituut - 2006

This paper gives an overview and evaluates the literature on Microfoundations.<P> See also 'Microfoundations: A Critical Inquiry', Routledge, London, 1993 Reviewed in Economic Journal, 1994; De Economist, 1995; Journal of Economic Methodology, 1996; Economics and Philosophy, 1996).

Persistent link: https://www.econbiz.de/10011256223

Consumer Search and Oligopolistic Pricing: An Empirical Investigation

Janssen, Maarten C.W.; Moraga-Gonzalez, Jose Luis; … - Tinbergen Instituut - 2004

This paper presents an empirical examination of oligopoly pricingand consumer search. The theoretical model allows for sequential andnon-sequential search and using the theoretical restrictions firm andconsumer behavior impose on the data we study the empirical validity of themodels. Two...

Persistent link: https://www.econbiz.de/10011256993

Pricing, Consumer Search and the Size of Internet Markets

Janssen, Maarten C.W.; Moraga, Jose Luis - Tinbergen Instituut - 2000

Despite the mixed empirical evidence, many economists stillhold to the view that Internet will promote competition betweenfirms,thereby lowering prices and increasing economic welfare. This paperpresents a search model that provides a different view. We analyzethemarket for a homogeneous good...

Persistent link: https://www.econbiz.de/10011257322