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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
(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
Persistent link: https://www.econbiz.de/10011558758
This paper gives a survey of often used techniques to determine hedonic price indices. The hedonic function analyses … the relationship between certain aspects of a product's quality and its price by applying regression techniques. Thus it … is possible to distinguish between the effects of changes in quality and pure price effects, providing a method to …
Persistent link: https://www.econbiz.de/10010296488
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
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model that combines aspects of non-cooperative R&D with the theory of differentiated oligopolies: In stage one, firms …
Persistent link: https://www.econbiz.de/10010273866
We present a theory of how advertising can break a lock-in by distorting beliefs about market shares in markets with …
Persistent link: https://www.econbiz.de/10010284390
This paper investigates strategic interaction among airlines in product-quality choices. Using an instrumental variables approach, the paper estimates flight-frequency reaction functions, which relate an airline's frequency on a route to its own characteristics and to the frequencies of...
Persistent link: https://www.econbiz.de/10010291565