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exporters within narrow product categories. Three, US growth in both import variety and import price dispersion has occurred at …-country differences in income distributions to variation in import variety and price variation. The theoretical predictions are examined …
Persistent link: https://www.econbiz.de/10010335420
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …
Persistent link: https://www.econbiz.de/10010325731
The present note shows that "innocuous" Minimum Quality Standards, namely standards that are below the lowest quality level observed in the market, may have effects on equilibrium outcomes. In particular this is true in a duopoly where one high quality firm invests in R&D to lower its cost of...
Persistent link: https://www.econbiz.de/10011651409
The literature so far has analyzed the effects of Minimum Quality Standards in oligopoly, using models of pure vertical differentiation, with only two firms, and perfect information. We analyze products that are differentiated horizontally and vertically, with imperfect consumers information,...
Persistent link: https://www.econbiz.de/10011651426
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
Persistent link: https://www.econbiz.de/10011475543
and trade in which duopolistic firms face quality-dependent costs and compete in quality and price in two segmented …
Persistent link: https://www.econbiz.de/10010297292
and price in two segmented markets. Minimum quality standards, set according to the principle of Mutual Recognition, can …
Persistent link: https://www.econbiz.de/10010298134
price discriminate while the low-quality entrant sets a uniform price. The incumbent may act as a predator, that is, it may … price below its marginal costs on a subset of consumers to induce the rival's exit. We show that the entrant may adopt an … show that when the incumbent may choose whether to price discriminate or not before the game starts, if the quality cost …
Persistent link: https://www.econbiz.de/10010298606
price discriminate while the low-quality entrant sets a uniform price. The incumbent may act as a predator, that is, it may … price below its marginal costs on a subset of consumers to induce the rival's exit. We show that the entrant may adopt an … show that when the incumbent may choose whether to price discriminate or not before the game starts, if the quality cost …
Persistent link: https://www.econbiz.de/10010298817