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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/10009736796
This paper introduces a framework to facilitate an interdisciplinary analysis of 'competition'. While such an … interdisciplinary analysis can be justified by referencing the various fields of social and economic life in which 'competition' is … sufficient common elements across different concepts of competition that justify an interdisciplinary approach to study …
Persistent link: https://www.econbiz.de/10012392034
Competition is at the core of economics, being both a central concept of economic reasoning and a main prerequisite for … economic action. Yet, the attempt of a clear definition of competition is challenging as the concept of competition has been … conceptions of competition from economics, sociology and anthropology. Our interdisciplinary review and systematisation show how …
Persistent link: https://www.econbiz.de/10013242647
This paper introduces a framework to facilitate an interdisciplinary analysis of ‘competition’. While such an … interdisciplinary analysis can be justified by referencing the various fields of social and economic life in which ‘competition’ is … sufficient common elements across different concepts of competition that justify an interdisciplinary approach to study …
Persistent link: https://www.econbiz.de/10013245146
This paper surveys the recent literature devoted to the analysis of the interactions between the adoption of voluntary or negotiated agreements as a tool of environmental policy and market structure. The goal of this survey is twofold. On the one hand, we would like to identify the market...
Persistent link: https://www.econbiz.de/10011608517
This paper shows that bank competition has an intrinsically ambiguous effect on capital accumulation and economic … evidence gathered from recent empirical studies of how bank competition affects the real economy. Our results were obtained by … prospective entrepreneur is of low credit quality and where screening would therefore be especially beneficial, less competition …
Persistent link: https://www.econbiz.de/10003864581
The main purpose of this survey paper is to consider the attempts that have been made to apply economic theory and empirical methods to the analysis of electricity markets, and to evaluate them in light of theoretical considerations and empirical evidence. We describe the key features of the...
Persistent link: https://www.econbiz.de/10011519038
patterns for a particular market (diapers) to investigate the inter-format competition (supermarkets vs. discounters vs … sold at drugstores and discounters. This result is important given controversies among competition authorities, firms and …
Persistent link: https://www.econbiz.de/10010434293
Ein Jahr nach Inkrafttreten der deutschen Energierechtsnovelle sind die Konturen der zukünftigen Strommarktregulierung noch zu weiten Teilen ungeklärt. Vor diesem aktuellen wirtschaftspolitischem Hintergrund wird in diesem Papier die Frage nach einer sachgerechten Ausrichtung der...
Persistent link: https://www.econbiz.de/10011475164
competition. For reasonable parameter values product market deregulation fosters growth substantially more in the flexible than in …
Persistent link: https://www.econbiz.de/10011412718