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Hotelling framework, this paper analyses the effect of different objectives of the hospitals on quality, profits, and overall … welfare in a price regulated duopoly with symmetric locations. In contrast to other studies on mixed oligopolies, this paper … shows that in a duopoly with regulated prices privatisation of the public hospital may increase overall welfare depending on …
Persistent link: https://www.econbiz.de/10010299760
costs and quality-dependent costs of production and compete in quality and price in the domestic market. Quality …-dependent costs are quadratic in qualities, but independent of the quantities produced. The domestic government may impose a minimum … quality standard binding for both foreign and domestic firms. In the present of an initial cost advantage of the domestic firm …
Persistent link: https://www.econbiz.de/10010301198
Firms signal high quality through high prices even if the market structure is highly competitive and price competition … is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is … increasing in quality and the quality of each firm’s product is private information (not known to consumers or to other firms …
Persistent link: https://www.econbiz.de/10010325591
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in … knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …
Persistent link: https://www.econbiz.de/10010325731
Firms signal high quality through high prices even if the market structure is highly competitive and price competition … is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is … increasing in quality and the quality of each firm’s product is private information (not known to consumers or to other firms …
Persistent link: https://www.econbiz.de/10011372971
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in … knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …
Persistent link: https://www.econbiz.de/10011376636
as quality simultaneously. In conclusion, our results show that equilibrium solutions of RPM and APM are distinct. We …
Persistent link: https://www.econbiz.de/10011337030
holds true, we construct a model of unionized duopoly and examine welfare implications of outward FDI by paying special … attention to the role of domestic competition. We find that the welfare effect of FDI is largely non-monotonic, and there are … indeed such things as 'excessive FDI.' We also show that, when FDI reduces welfare, this negative effect arises more at the …
Persistent link: https://www.econbiz.de/10010332316
entrants increases. Depending on the fixed entry costs and R&D technologies, both insufficient and excess entry can appear. …
Persistent link: https://www.econbiz.de/10010332451
, countrywide profits, and welfare. Firms face resource constraints and wages are simultaneously determined. Relative to free trade … technology. Domestic welfare is unambiguously penalized. Hence, the general-equilibrium cross-sector perspective goes against the …
Persistent link: https://www.econbiz.de/10011374297