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The last couple of decades have seen an increased retail concentration around the world, particularly in Europe. Views on the welfare implications of this severe change are controversial. Consumers might benefit because larger stores (owned by larger retailer chains) offer more product choices....
Persistent link: https://www.econbiz.de/10010297135
This paper aims to provide understanding of the relative trade performances and technological competitiveness, with particular emphasis on product quality, innovation and skills. The firm-level case studies support the conclusions arising from the aggregate analysis. Germany spends more on...
Persistent link: https://www.econbiz.de/10010260708
(QHFT) model, we classify export goods (at the HS 6-digit level of disaggregation) by quality and price competition. We find …
Persistent link: https://www.econbiz.de/10010316749
The authors examine the timing and quality of product introduction in an R&D stopping game, where they allow for horizontal and vertical differentiation in the product market. They observe that discontinuous changes in introduction dates can occur as firms' abilities as researchers change....
Persistent link: https://www.econbiz.de/10010298821
We examine the timing and quality of product introduction in an R&D stopping game, where we allow for horizontal and vertical differentiation in the product market. We observe that discontinuous changes in introduction dates can occur as firms' abilities as researchers change. Further, when the...
Persistent link: https://www.econbiz.de/10010300296
Hospital markets are often characterised by price regulation and the existence of different ownership types. Using a …, profits, and overall welfare in a price regulated duopoly with exogenous symmetric locations. In contrast to other studies on … driving force is the single regulated price which induces under-(over-)provision of quality of the more (less) efficient …
Persistent link: https://www.econbiz.de/10010302580
This paper examines the competition of nonprofit sickness funds in the market for supplementary health insurance. We investigate product quality strategies when quality is costly and the sickness funds are competing for customers. As long as the sickness funds choose the qualities for...
Persistent link: https://www.econbiz.de/10010327598
Persistent link: https://www.econbiz.de/10011558754
In this paper we study the impact of the income distribution on innovation through the demand for quality goods. For simplicity, we assume that there are two types of consumers, rich and poor. The income distribution is measured by the population share of the poor and the relative income of the...
Persistent link: https://www.econbiz.de/10010263108
We formulate a model that explicitly separates two functions in the innovation process: The introduction of new goods and the quality improvement of existing goods. While the latter is performed by the corporate R&D sector, the first is performed by entrepreneurs. We show that in a three sector...
Persistent link: https://www.econbiz.de/10010263851