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Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10010282162
Context effects can have a major influence on brand choice behavior after the introduction of a new product. Based on … behavioral literature, several hypotheses about the effects of a new brand on perception, preferences and choice behavior can be …
Persistent link: https://www.econbiz.de/10010263745
Persistent link: https://www.econbiz.de/10011695727
comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in …
Persistent link: https://www.econbiz.de/10010297660
We develop and estimate a stylized micro-founded model of the US economy. Next we compute the parameters of a simple interest rate policy rule that maximizes the unconditional mean of utility. We show that such a welfare-based rule lies close to the Taylor efficiency frontier. A counterfactual...
Persistent link: https://www.econbiz.de/10011604659
This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …
Persistent link: https://www.econbiz.de/10011604814
, it is important to maintain competition among payment service providers but data available to gauge the degree of … competition are quite limited. We propose and implement a frontierbased method to assess relative competition in bank …
Persistent link: https://www.econbiz.de/10011605584
the international comparisons, the price formation of the food chain, degree of concentration, competition, and the …, competition works in Finland just as well in agriculture, the foodstuffs industry and the wholesale and retail trade as it does in … from the standpoint of competition and consumer choice; the position of small producers can best be improved by fostering …
Persistent link: https://www.econbiz.de/10010273052
competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …
Persistent link: https://www.econbiz.de/10010397677
fundraising - depend on the intensity of competition among NGOs and on the degree to which they are refinanced by governments. We … fiercer competition is associated with more efficient foreign aid activities of NGOs, rather than leading to 'excessive …
Persistent link: https://www.econbiz.de/10010271416