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We develop a model in which novelty and conformity motivate fashion behavior.Fashion cycles occur if conformity is not too high. The duration of fashion cycles depends on individual-specific conformity, novelty, and the number of available styles. The use of individual-specific novelty and...
Persistent link: https://www.econbiz.de/10010641480
The paper seeks to integrate the theoretical developments in the field of imperfect competition and monopoly, and …
Persistent link: https://www.econbiz.de/10011114400
In this essay, I examine the connection between pricing, profit mark ups, competition, and economic activity from a …-based mark up pricing model; the conclusion reached is that market structure and competition have no fundamental role in … competition does play an important role in the economy. This theme is discussed in conjunction with the going business enterprise. …
Persistent link: https://www.econbiz.de/10009004038
a Vickrey-Salop model of GP price and quality competition and test its predictions using a dataset with individual GP … characteristics of the GPs, their practices and their local areas. We measure the competition to which the GP is exposed by the …
Persistent link: https://www.econbiz.de/10010858796
. Many empirical studies suggest that financial reform promoted bank competition in most mature and emerging economies …. However, some earlier studies that adopted conventional approaches to measure competition concluded that bank competition in … Panzar- Rosse H-statistic fail to measure competition in Chinese loan markets properly due to the system of interest rate …
Persistent link: https://www.econbiz.de/10010862252
This paper examines whether or not hospital competition in a market with fixed reimbursement prices can prompt …. This paper assesses whether this aim has been achieved and competition led to improvements in quality. For our estimation … improved) for patients living in more competitive markets after the introduction of hospital competition in January 2006. Our …
Persistent link: https://www.econbiz.de/10010884675
sector regulators in network industries and the powers of the Competition Authority can still be enhanced, as the reform …
Persistent link: https://www.econbiz.de/10011276785
The Internet has become an integral part of the everyday life of households, firms and governments. Its proper functioning over the long run is therefore crucial for economic growth and people’s wellbeing more generally. The success of the Internet depends on its openness and the confidence of...
Persistent link: https://www.econbiz.de/10011276839
The debate on competition and innovation has produced a wide range of theoretical and empirical findings. Recently …, corporate governance quality has emerged as an additional factor that may complement or substitute for competition’s effect on … innovation. We aim to contribute to the debate by investigating whether product-market competition and corporate governance …
Persistent link: https://www.econbiz.de/10011258940
coverage exists. Moreover, it is found that a second entrant in this market strongly increases competition, while further entry … competition in this market. It is shown that this is not the case in some other retail markets, where entry by a third firm may … significantly affect competition. Finally, using the estimation results, it is show that the public policy, which consisted of …
Persistent link: https://www.econbiz.de/10011259798