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The use of traditional industry-level profitability indicators for assessing the state of competition is problematic for two reasons. First, short-term variation reflects business cycles more than it does the impact of competition policy. Second, rough industry-level indicators hide different...
Persistent link: https://www.econbiz.de/10005818363
In markets for credence goods sellers are better informed than their customers about the quality that yields the highest surplus from trade. This paper studies second-degree price-discrimination in such markets. It shows that discrimination regards the amount of advice offered to customers and...
Persistent link: https://www.econbiz.de/10010839576
the expected cost needed to generate consumer surplus, the inefficiency occurring at the bottom of the type distribution …
Persistent link: https://www.econbiz.de/10011019115
This essay presents a new theory explaining increased wage inequality. A standard endogenous growth model is augmented with occupational choice of highskill workers. Depending on the occupational choice, high-skill workers earn either a certain or uncertain income. Wage inequality, measured by...
Persistent link: https://www.econbiz.de/10005423959
Kaldor's neo-Pasinetti theorem is examined in an economy where the rate of profit adjusts to higher effective demand through increases in the rate of capacity utilization rather than through increases in the margin of profit. A Tobinian investment function, where investment responds to the...
Persistent link: https://www.econbiz.de/10005466743
integrates the debate theories of growth, income distribution, inequality and differences between the extremes income and income …
Persistent link: https://www.econbiz.de/10011108397
After Hamilton (2001) and Costa (2001) many empirical and analytical studies (Gong and Meng (2007), Barrett and Brzozowski (2008), …) have manipulated and extended Engel's law to estimate CPI bias and regional price differences. However, there is not yet any study on Iran in which the biases...
Persistent link: https://www.econbiz.de/10011113114
integrates the debate theories of growth, income distribution, inequality and differences between the extremes income and income …
Persistent link: https://www.econbiz.de/10011114086
efficiency, and scale economies), and the distribution of the financial benefits of productivity change (consumers of postal …
Persistent link: https://www.econbiz.de/10010851428
This study estimates productivity gains and their distribution among inputs and outputs for American industries over …
Persistent link: https://www.econbiz.de/10010854429