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The nature, and normative properties, of competition in health care markets has long been the subject of much debate. In this paper we consider what the optimal benchmark is in the presence of moral hazard effects on consumption due to health insurance. Intuitively, it seems that imperfect...
Persistent link: https://www.econbiz.de/10014149528
Poland’s productivity has grown strongly over the past decade, and efforts to reduce the regulatory burden have been …
Persistent link: https://www.econbiz.de/10010375394
This paper discusses the current state of product market competition in Iceland, including the legal and regulatory framework, and suggests directions for further improvement. Given the size of the economy, efficiency considerations dictate high concentration in many markets, and preventing...
Persistent link: https://www.econbiz.de/10012442998
structure on firm conduct and productivity in a rapidly innovating industry. Both industries were competitive in the 1880s, and … formation of the Tobacco Trust in 1890, U.S. productivity growth slowed and the UK assumed the productivity lead. Productivity …-trust action in 1911. This case provides examples of competition leading to more rapid productivity growth through both more rapid …
Persistent link: https://www.econbiz.de/10014129962
Persistent link: https://www.econbiz.de/10003267925
We study platforms competing in commissions on revenues of sellers engaged in monopolistic competition, as the app providers on the app stores of iPhones and Android devices. Free entry of sellers on each platform generates multihoming superstars and a long tail of singlehoming sellers....
Persistent link: https://www.econbiz.de/10013216580
We consider a dynamic platform competition in a market with network externalities. The incumbent platform enjoys a focal position such that consumers expect other consumers to join it, while the entrant platform may enjoy a quality advantage. We examine the effect of an antitrust policy that...
Persistent link: https://www.econbiz.de/10013291496
This paper analyzes the effects of tying arrangements on market competition and social welfare in two-sided markets when economic agents can engage in multi-homing; that is, they can participate in multiple platforms in order to reap maximal network benefits. The model shows that tying induces...
Persistent link: https://www.econbiz.de/10013317421
We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We develop a theoretical model and show that average price is a U-shaped function of the measure of searchers: prices are highest when there are no searchers (local monopoly power)...
Persistent link: https://www.econbiz.de/10012007152
Fees for banking services have been a policy concern for over 20 years and the subject of several government agencies studies, which focused on the magnitude, incidence, or disclosure of such fees. Using a sample of single market banks, I study the relationship between market-level consumer...
Persistent link: https://www.econbiz.de/10011709329