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Complementarity between Product and Process innovation in a Monopoly Setting
Mantovani, Andrea - 2005
We study complementarity between product and process innovation in a monopoly setting. First we consider the … product innovation. Then we allow the firm to invest simultaneously in both activities, showing that both investment levels as …
Persistent link: https://www.econbiz.de/10011651427
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Process and Product Innovation by a Multiproduct Monopolist: A Dynamic Approach
Lambertini, Luca; Mantovani, Andrea - 2005
We model the optimal behaviour of a multiproduct monopolist investing both in process and in product innovation in a … dynamic setting. Product innovation reduces the degree of substitutability between any two varieties. First, we find that R …
Persistent link: https://www.econbiz.de/10011651445
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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10010262477
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Persistence of monopoly and research specialization
Weinschenk, Philipp - 2009
We examine the persistence of monopolies in markets with innovations when the outcome of research is uncertain. We show that for low success probabilities of research, the incumbent can seldom preempt the potential entrant. Then the efficiency effect outweighs the replacement effect. It is vice...
Persistent link: https://www.econbiz.de/10010266990
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Monopoly innovation and welfare effects
Yao, Shuntian; Gan, Lydia - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-27, pp. 1-21
In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out … technical innovation carried out by a monopolist could significantly increase the social welfare. We conclude that, in general …, the criticism against monopoly innovation based on its increased deadweight loss is less accurate than previously …
Persistent link: https://www.econbiz.de/10010302705
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Wettbewerb schafft Monopole: Fünf Fragen an Claudia Kemfert
Wittenberg, Erich; Kemfert, Claudia - In: DIW Wochenbericht 75 (2008) 15, pp. 179
Persistent link: https://www.econbiz.de/10011601801
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Ramsey monetary policy with labour market frictions
Faia, Ester - 2007
This paper studies the design of optimal monetary policy (in terms of unconstrained Ramsey allocation) in a framework with sticky prices and matching frictions. Furthermore I consider the role of real wage rigidities. Optimal policy features significant deviations from price stability in...
Persistent link: https://www.econbiz.de/10011604753
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Credit card interchange fees
Rochet, Jean-Charles; Wright, Julian - 2009
We build a model of credit card pricing that explicitly takes into account credit functionality. We show that a monopoly card network always selects an interchange fee that exceeds the level that maximizes consumer surplus. If regulators only care about consumer surplus, a conservative...
Persistent link: https://www.econbiz.de/10011605184
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Does government precommitment promote environmental innovation?
Petrakis, Emmanuel; Xepapadeas, Anastasios P. - 1998
This paper investigates the effect of credibility of environmental policies on environmental innovation and welfare …
Persistent link: https://www.econbiz.de/10011608456
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Tailored regulation: Will voluntary site-specific environmental performance standards improve welfare?
Blackman, Allen; Boyd, James - 2000
Increasingly popular tailored regulation (TR) initiatives like EPA's Project XL allow plants to voluntarily substitute site-specific environmental performance standards for command-and-control regulations that dictate pollution abatement strategies. TR can significantly reduce participants'...
Persistent link: https://www.econbiz.de/10011608639