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Experimental economics methodologies and applications: price competition among gasoline stations

Goodman, Albert - 2006

Experimental economics is the newest tool available to improve the research of economists. The first chapter reviews the methods that experimentation employs. The review is important for understanding the construction and running of experiments as well as the criticisms. The second chapter...

Persistent link: https://www.econbiz.de/10009474962

Variety, Spillovers and Market Structure in a Model of Endogenous Technological Change

Peretto, Pietro F. - 1995

economy where oligopolistic firms establish in-house R&D programs to produce a continuous flow of cost-reducing (incremental) innovations. The scale of firms' R&D operations determines the rate of productivity growth. I first study the role of concentration, firm size, and demand,...

Persistent link: https://www.econbiz.de/10009475554

The Law of One Price? The Impact of IT-Enabled Markets on Consumer Search and Retailer Pricing

Smith, Michael D. - 2001

Recent IT research has analyzed how the performance of IT-enabled markets may differ from conventional markets. This literature has made two unexpected empirical findings. First, ITenabled markets for commodity goods exhibit significant price dispersion. Second, well-known retailers in these...

Persistent link: https://www.econbiz.de/10009441013

Welfare-Improving Collusion in the Japanese Pork Import Market

Fabiosa, Jacinto F. - 2000

structure that allows trade of quota. This collusion is welfare-improving since the safeguard induces more inefficiencies …

Persistent link: https://www.econbiz.de/10009443079

Two-Part Tariffs versus Linear Pricing Between Manufacturers and Retailers: Empirical Tests on Differentiated Products Markets

Bonnet, C.; Dubois, Pierre; Simioni, Michel - 2006

We present a methodology allowing to introduce manufacturers and retailers vertical contracting in their pricing strategies on a differentiated product market. We consider in particular two types of non linear pricing relationships, one where resale price maintenance is used with two part...

Persistent link: https://www.econbiz.de/10009446207

Breaking up is Hard to Do: Determinants of Cartel Duration

Levenstein, Margaret C. - 2010

We estimate the impact of cartel organizational features, as well as macroeconomic fluctuations and industry structure, on cartel duration using a dataset of contemporary international cartels. We estimate a proportional hazards model with competing risks, distinguishing factors which increase...

Persistent link: https://www.econbiz.de/10009476912

Is It More Profitable to Post Prices? - Market Structure with Endogeneous Search Costs

Gong, Binglin - 2006

This dissertation contains three chapters. It analyzes a market where firms can choose whether or not to publicly post their prices. Price posting rewards a firm by reducing search costs for customers and thus attracting more demand, at the risk of triggering more direct price competition.In the...

Persistent link: https://www.econbiz.de/10009450619

Antidumping Effects in the Presence of Collusion in an Upstream Market: the case of U.S. frozen shrimp imports from Thailand

Suchato, Ravissa - 2009

Many studies have shown a relationship between antidumping duty and collusion. These studies, however, only focus on … collusion in output (downstream) market, i.e. collusion between import competing firms and exporters, or among import competing … collusion among the exporters in Thai shrimp market at 1 % significant level. …

Persistent link: https://www.econbiz.de/10009450801

Low-Wage Labor Markets and the Power of Suggestion

Shelkova, Natalya Y. - 2008

is dismissed. However, such behavior is not impossible. This paper investigates the possibility of tacit collusion by low … non-binding minimum wage may serve as a focal point for tacit collusion, proposing a symmetric solution to an infinitely … collusion. CPS monthly data is used for the years 1990-2005, covering the last four federal minimum wage increases. The …

Persistent link: https://www.econbiz.de/10009430180

Medicaid Crowd-Out of Long-Term Care Insurance with Endogenous Medicaid Enrollment

Kim, Geena - 2010

With states facing tightening Medicaid budgets, the high cost of financing long-term care for the elderly through Medicaid has prompted proposals to make private long-term care insurance (LTCI) more affordable through tax incentives. The effectiveness of tax incentives for stimulating LTCI...

Persistent link: https://www.econbiz.de/10009439040