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THIRD-DEGREE PRICE DISCRIMINATION ANDCONSUMER SURPLUS
Cowan, Simon - University <Oxford> / Department of Economics - 2009
This paper presents simple conditions for monopoly third-degree price discrimination to have negative or positive e¤ectson aggregate consumer surplus. Consumer surplus is often re-duced by discrimination, for example when total welfare (con-sumer surplus and pro…ts) falls. Surplus increases...
Persistent link: https://www.econbiz.de/10005870117
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Competition on Common Value Markets with Naive Traders– A Theoretical and Experimental Analysis
Chlaß, Nadine; Güth, Werner - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007
allowing for competition ofboth, buyers and sellers. Naivety of both is related to the idea that higherprices exclude worse … qualities. While competition of naive buyers increasesprices, competition of naive sellers promotes e±ciency enhancing trade …
Persistent link: https://www.econbiz.de/10005866465
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On investment decisions in liberalized electricitymarkets: the impact of price caps at the spot market
Zoettl, Gregor - Center for Operations Research and Econometrics … - 2008
appropriately chosenprice caps do always increase firms investment incentives under imperfect competition. Wefurthermore …
Persistent link: https://www.econbiz.de/10005868686
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Incentive to Reduce Crop Trait Durability
Ambec, Stefan; Langinier, Corinne; Lemarié, Stéphane - Iowa State University of Science and Technology <Ames, … - 2006
To reduce the competition from farmers who self-produce seed, an inbred line seed producercan switch to nondurable …
Persistent link: https://www.econbiz.de/10009360869
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Hotelling Games with Three, Four, and More Players
Brenner, Steffen - 2001
This paper extends the standard Hotelling model with quadratic transport costs to the multi-firm case. Considering locational equilibria we show that neither holds the Principle of Maximum Differentiation - as in the duopoly model - nor does the Principle of Minimum Differentiation - as in the...
Persistent link: https://www.econbiz.de/10005841039
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The effects of technological asymmetries on strategic foreign direct investment location
Guariglia, Alessandra; Mukherje, Arijit; Suetrong, Kullapat - chool of Economics <Nottingham> - 2006
We consider the plant location decision of a multinational, which has the option to invest in a more or aless technologically advanced country. We find that in the absence of exporting by the local firms, themultinational will invest in the country lagging behind, unless the firms in that...
Persistent link: https://www.econbiz.de/10005862613
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Quantity Competition under Asymmetric Information withoutCommon Priors: An Indirect Evolutionary Approach
Güth, Werner; Llorente Erviti, Loreto; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
The common prior assumption asserts that the beliefs of agents in different states of theworld are their posteriors based on a common prior and possibly some private signal. Commonpriors are pervasive in most economic models of incomplete information, oligopoly models withasymmetrically informed...
Persistent link: https://www.econbiz.de/10005866870
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Strategic bi-sourcing
Beladi, Hamid; Mukherjee, Arijit - University of Texas <San Antonio, Tex.>; University … - 2008
profitable strategyunder both monopoly and product market competition. The incentive for bi-sourcingdepends on the product market … and outside input market competition... …
Persistent link: https://www.econbiz.de/10005868579
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COMPETITION, INNOVATION AND WELFARE
Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2005
We show the effects of Bertrand and Cournot competition on R&D investmentand social welfare in a duopoly with R …&D competition where success in R&D isprobabilistic. We show that R&D investments are higher under Bertrand (Cournot)competition when … Cournot competition can generate highersocial welfare in absence of knowledge spillover and this happens if R&D is drastic …
Persistent link: https://www.econbiz.de/10005868763
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ENTRY IN A STACKELBERG PERFECTEQUILIBRIUM
Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2005
This paper considers welfare effects of entry when the incumbent firmbehaves like a Stackelberg leader in the product market. In contrast to previous work(Klemperer, 1988, Journal of Industrial Economics), we show that entry may alwaysincrease welfare. Using general demand function, we show the...
Persistent link: https://www.econbiz.de/10005868767