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conditions on this function to guarantee the existence and uniqueness of a free-entry equilibrium. Our model is able to mimic …
Persistent link: https://www.econbiz.de/10011488249
competition eff_x001B_ect. Firms' profi_x001C_ts increase (decrease) with the entry of local competitors when the former (latter …
Persistent link: https://www.econbiz.de/10011488298
We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique,...
Persistent link: https://www.econbiz.de/10011398409
the competitive outcome, the high-productive workers are overpaid under free entry, whereas the low-productive workers are …
Persistent link: https://www.econbiz.de/10008810540
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The recent availability of trade data at a firm-product-country level calls for a new generation of models able to exploit the large variability detected across observations. By developing a model of monopolistic competition in which varieties enter preferences non-symmetrically, we show how...
Persistent link: https://www.econbiz.de/10011596292
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We study how the supply of environmentalism, which is defined by psychic benefits (costs) associated with the purchase of high-environmental (low-environmental) qualities, affects the way firms choose their products and the ensuing consequences for the global level of pollution. Contrary to...
Persistent link: https://www.econbiz.de/10012389897
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