Narrow search
Showing 1 - 10 of 3,274
Cover Image
Scale economies can offset the benefits of competition: Evidence from a school consolidation reform in a universal voucher system
de Haan, Monique; Leuven, Edwin; Oosterbeek, Hessel - 2011
context scale economies dominated the effects of choice and competition. This points to an often ignored trade-off between … scale and competition. …
Persistent link: https://www.econbiz.de/10010278683
Cover Image
Benefits and spillovers of greater competition in Europe: A macroeconomic assessment
Bayoumi, Tamim; Laxton, Douglas; Pesenti, Paolo - 2004
We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general …-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets. We draw three conclusions … after calibrating the model to the euro area against the rest of the industrial world. First, greater competition produces …
Persistent link: https://www.econbiz.de/10010283416
Cover Image
The aggregate Le Chatelier Samuelson principle with Cournot competition
Koebel, Bertrand M.; Laisney, François - 2010
importance of imperfect competition for understanding aggregate growth, investment and employment. …
Persistent link: https://www.econbiz.de/10010299963
Cover Image
The Elasticities of Complementarity and Substitution
Broer, Peter - 2004
This paper argues that the conventional definition of the elasticity of complementarity is not well suited to deal with the case of increasing returns. It proposes a slightly different formula, that uses a distance function formulation instead of a production function. The proposed definition...
Persistent link: https://www.econbiz.de/10010325495
Cover Image
Using firm optimization to evaluate and estimate returns to scale
Gorodnichenko, Yuriy - 2008
At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because of these data limitations estimates of returns to scale at the firm level are for the revenue function, not production function. Given this observation, the paper argues that,...
Persistent link: https://www.econbiz.de/10010268849
Cover Image
Returns-to-scale properties in DEA models: The fundmantal role of interior points
Krivonozhko, Vladimir; Førsund, Finn R. - 2009
Attempts can be found in the DEA literature to identify returns to scale at efficient interior points of the production possibility set on the basis of returns to scale at points of the corresponding reference sets. However, an opposite approach is put forward in this paper, advocating that...
Persistent link: https://www.econbiz.de/10010285619
Cover Image
Labor Unions and the Scale and Scope of Multi-Product Firms
Egger, Hartmut; Koch, Michael - 2011
This paper sets up a general oligopolistic equilibrium model with multi-product firms and union wage setting in a subset of industries. By claiming a wage premium, labor unions enforce a decline in firm scale and scope and thus dampen industrial output, with negative feedback effects on the...
Persistent link: https://www.econbiz.de/10010294738
Cover Image
Public expenditure and international specialisation
Brülhart, Marius; Trionfetti, Federico - 2001
It is widely recognised that public-sector purchasers tend to discriminate in favour of domestic suppliers. We study the consequences of home-biased public procurement on international specialisation. In the theoretical analysis we find two effects. First, a country will specialise in the sector...
Persistent link: https://www.econbiz.de/10010295571
Cover Image
Environmental taxation and structural change in an open economy: a CGE analysis with imperfect competition and free entry
Böhringer, Christoph; Welsch, Heinz; Löschel, Andreas - 2001
The economic effects of environmental taxes depend on the market structure. Under imperfect competition with free entry … unilaterally introduced carbon tax under both perfect and imperfect competition. Our key finding is that induced structural change … in favor of the less energy intensive, more labor intensive industries is more pronounced under imperfect competition …
Persistent link: https://www.econbiz.de/10010297742
Cover Image
Existence of Equilibria in Exhaustible Resource Markets with Economies of Scale and Inventories
Bommier, Antoine; Bretschger, Lucas; Le Grand, François - 2014
The paper proves the existence of equilibrium in nonrenewable resource markets when extraction costs are non-convex and resource storage is possible. Inventories flatten the consumption path and eliminate price jumps at the end of the extraction period. Market equilibrium becomes then possible,...
Persistent link: https://www.econbiz.de/10011753267