Showing 1 - 10 of 160
It is usually believed that higher competition, implying more active firms, benefits consumers. We show that this may … consumers worse-off in the presence of a welfare maximizing tax/subsidy policy. A rise in the number of more cost inefficient …
Persistent link: https://www.econbiz.de/10011271692
We study the implications of credit constraints for the sustainability of product market collusion in a bank … degree of collusion, but a substantial increase keeps it unaffected relative to the no-constraint case. A permanent adverse … demand shock in this setup does not affect the possibility of collusion, but may aggravate financing constraints and …
Persistent link: https://www.econbiz.de/10011587934
We consider social efficiency of firm-entry in the presence of foreign competition. If the labour markets are … be justified in an industry facing foreign competition, and it may depend on the transportation cost, the marginal cost …
Persistent link: https://www.econbiz.de/10010664409
It is usually believed that the presence of a labour union makes firms as well as consumers worse off by increasing … for entry and may also make consumers better off compared to the situation with no labour union if the labour productivity …
Persistent link: https://www.econbiz.de/10010681771
In a bilateral oligopoly, Ghosh and Morita (‘Social desirability of freeentry: a bilateral oligopoly analysis, 2007, IJIO) show that entry is always sociallyinsufficient if the upstream agents have sufficiently strong bargaining power. Weshow that this conclusion is very much dependent on the...
Persistent link: https://www.econbiz.de/10005868595
We show the welfare effects of international trade cost reduction under endogenous domestic market structure. If the domestic labour market is competitive, there is no integer constraint and the trade cost represents transportation cost, a reduction in the transportation cost does not affect...
Persistent link: https://www.econbiz.de/10014189096
This paper compares profits and consumer surplus under non-cooperation and collusion in the product market when the …-cooperation or product market collusion depends on the R\&D productivity. If the market size is sufficiently small then firms are … always better off under product market collusion. If the market size is moderate (relatively large) then the firms are better …
Persistent link: https://www.econbiz.de/10005412980
This paper compares profits and consumer surplus under non-cooperation and collusion in the product market when the … product market collusion depends on the R&D productivity. If the market size is sufficiently small then firms are always … better off under product market collusion. If the market size is moderate (relatively large) then the firms are better off …
Persistent link: https://www.econbiz.de/10005636076
product market competition, industry profit isalways higher under product market cooperation. Whether R&D investments …&D issufficiently small, cooperation makes both producers and consumers better off. …
Persistent link: https://www.econbiz.de/10005868776
This discussion paper led to a publication in the <A href="http://www.sciencedirect.com/science/article/pii/S0167718710000913">'International Journal of Industrial Organization'</A>, 29(2), 232-41.<P>Taking technological differences between firms as given, we show that the technologically advanced firm has a stronger incentive for technology licensing under a decentralized...</p></a>
Persistent link: https://www.econbiz.de/10011256278