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This paper explores the implications of price-dependent demand in spatial models of product differentiation. We introduce consumers with a quasi-linear utility function in the framework of the Salop (1979) model. We show that the so-called excess entry theorem relies critically on the assumption...
Persistent link: https://www.econbiz.de/10010299762
Die Repräsentationsbeziehung zwischen Wählern und Parteien ist entscheidend für das Funktionieren repräsentativer Demokratien. Der Grad der gefühlten Repräsentation hat Einfluss auf den Delegationsmechanismus und die Demokratiezufriedenheit. Daher untersucht dieser Artikel das...
Persistent link: https://www.econbiz.de/10011687939
The paper focuses on the importance of the assumptions made about market structure andfirm behaviors in empirical trade policy analysis. It addresses this issue with reference torecent changes in the EU import regime for bananas, namely the Economic PartnershipAgreements and the December 2009...
Persistent link: https://www.econbiz.de/10009483596
In this paper, we discuss estimation procedure and various inferential methods for varying coefficient panel data models that include spatially correlated error components. Our estimation procedure is an extension of the quasi-maximum likelihood method for spatial panel data regression to the...
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The recent history of Europe is characterized by a dual picture showing the Old and New countries in sharp contrast with respect to their industrial specialisation and economic performance. We aim at analyzing the intertwined performance of regions and industries in New and Old European...
Persistent link: https://www.econbiz.de/10011550848