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Industrial organization is mainly concerned with the behavior of large firms. Experimental industrial organization therefore faces a problem: How can firms be brought into the laboratory? The main approach relies on framing: Call individuals firms! This experimental approach is not in line with...
Persistent link: https://www.econbiz.de/10010294406
Models of consumer behavior play a key role in modern empirical Industrial Organization. In this paper, I survey some of the models used in this literature. In particular, I discuss two commonly used demand systems: multi-stage budgeting approaches and discrete choice models. I motivate their...
Persistent link: https://www.econbiz.de/10010332107
This paper considers procurement auctions with costly bidding when the auctioneer is unable to commit himself to restrict the number of bidders. The auctioneer can, however, offer a financial reward to be paid to every short-listed bidders as an indirect commitment device. Rewards for...
Persistent link: https://www.econbiz.de/10010333722
We revisit the concept of Diversified Quality Production (DQP), which we introduced about thirty years ago. Our purpose is to examine the extent to which the concept can still be considered tenable for describing and explaining the development of the interaction between the political economy and...
Persistent link: https://www.econbiz.de/10011575712
A structural model of entry and fiscal policy is presented. It shows that taxation of variable production costs can increase product prices, lower competition, and reduce the availability of new products in small markets. The model?s test is based on a unique nationwide fiscal experiment. We...
Persistent link: https://www.econbiz.de/10010274360
In this paper, we analyze the equilibrium amount of entertainment in news coverage of newspapers and television stations. We find that a shift in the inclination to read, expressed by a shift in the (psychological) distance costs, induces both media outlets to incorporate more entertaining...
Persistent link: https://www.econbiz.de/10010427580
Industrial organization is mainly concerned with the behavior of large firms, especially when it comes to oligopoly theory. Experimental industrial organization, therefore, faces a problem: How can firms be brought into the laboratory? The main approach relies on framing: Call individuals...
Persistent link: https://www.econbiz.de/10010312013
Theories of industrial organization (IO) are tested in the laboratory more and more often. The example we consider throughout the paper is oligopoly theory, specifically, the Cournot and the Stackelberg model of duopolistic quantity competition with homogeneous products. These models have often...
Persistent link: https://www.econbiz.de/10010281470
This paper examines the motives behind foreign direct investment (FDI) in a group of four CIS countries (Ukraine …
Persistent link: https://www.econbiz.de/10011430812
methods. The presentation will showcase “Economics - The Open-Access, Open-Assessment E-Journal” as one prime example …. “Economics”, as the name indicates, covers papers from all parts of Economic Research. These papers, if accepted, are first … Bank or the London School of Economics (LSE). After a slow start more and more comments and reviews are added to new papers …
Persistent link: https://www.econbiz.de/10010306290