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Trade, Development, and the Political Economy of Public Standards
Swinnen, Johan F.M.; Vandemoortele, Thijs - 2009
This paper presents a political economy model of public standards in an open economy model. We use the model to derive the political optimum and to analyze different factors that have an influence on this political equilibrium. The paper discusses how the level of development influences the...
Persistent link: https://www.econbiz.de/10010313360
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Environmental policy under product differentiation and asymmetric costs - Does Leapfrogging occur and is it worth it?
Rothfels, Jacqueline - 2000
This paper studies the influence of environmental policies on environmental quality, domestic firms, and welfare. Point of departure is Porter's hypothesis that unilateral environmental regulation may enhance the competitiveness of domestic firms. This hypothesis has recently received...
Persistent link: https://www.econbiz.de/10010316368
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Privatisations as price reforms: Evaluating consumers' welfare changes in the UK
Brau, Rinaldo; Florio, Massimo - 2002
" theory (Drèze and Stern, 1990). By adopting this perspective, the change in consumers' welfare "with" and "without … welfare measures are subsequently used for the evaluation of the welfare effects related to price variations in seven British …
Persistent link: https://www.econbiz.de/10011335730
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Who should pay for certification?
Stahl, Konrad; Strausz, Roland - 2011
Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...
Persistent link: https://www.econbiz.de/10010306003
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Price Competition with Information Disparities in a Vertically Differentiated Duopoly
Cavaliere, Alberto - 2004
differentiation, informed consumers exert a positive externality on the purchasers of the high quality good as its price decreases … when the share of informed consumers decreases. Considering also that the price of the low quality good increases with the … with pessimistic consumers we can explain demand collapses and insensitivity to price changes due to consumer suspicions …
Persistent link: https://www.econbiz.de/10011324907
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Industry Concentration and Welfare - On the Use of Stock Market Evidence from Horizontal Mergers
Fridolfsson, Sven-Olof; Stennek, Johan - 2006
There is diverging empirical evidence on the competitive effects of horizontal mergers: consumer prices (and thus presumably competitors' profits) often rise while competitors' share prices fall. Our model of endogenous mergers provides a possible reconciliation. It is demonstrated that...
Persistent link: https://www.econbiz.de/10010320063
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Welfare analysis using nonseparable models
Hoderlein, Stefan; Vanhems, Anne - 2010
This paper proposes a framework to model empirically welfare effects that are associated with a price change in a … heterogeneous effect of a chance of gasoline price using US consumer data and find very substantial differences in individual …
Persistent link: https://www.econbiz.de/10010288365
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A welfare comparison between export subsidies and exchange rate depreciation
Gschwandtner, Adelina - 1999
This paper develops a Bertrand Price Competition model with differentiated goods in which export subsidies are compared …
Persistent link: https://www.econbiz.de/10010291912
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Optimal central bank conservatism and monopoly trade unions
Berger, Helge; Hefeker, Carsten; Schöb, Ronnie - 2000
The conservative central banker has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...
Persistent link: https://www.econbiz.de/10010291983
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Public profit sharing
Schöb, Ronnie - 2001
Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited to measures that hurt neither shareholders nor workers. This paper develops a policy proposal, which allows the government to reduce wage costs without changing the income...
Persistent link: https://www.econbiz.de/10010292036