Showing 1 - 10 of 26,069
We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....
Persistent link: https://www.econbiz.de/10012926563
We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....
Persistent link: https://www.econbiz.de/10011781965
This paper studies the impact of market power on international commodity prices. I use a standard oligopoly model and …
Persistent link: https://www.econbiz.de/10013039191
This paper presents an industry equilibrium model where firms have a choice to engage in corporate social responsibility (CSR) activities. We model CSR as an investment to increase product differentiation that allows firms to benefit from higher profit margins. The model predicts that CSR...
Persistent link: https://www.econbiz.de/10012897379
This paper presents an industry equilibrium model where firms have a choice to engage in corporate social responsibility (CSR) activities. We model CSR as an investment to increase product differentiation that allows firms to benefit from higher profit margins. The model predicts that CSR...
Persistent link: https://www.econbiz.de/10012940360
This paper investigates the effect of different patent regimes on R&D investment and social welfare in a duopoly market with uncertain R&D process. We find that strong patent protection increases R&D investment of at least one firm but whether both firms' R&D investment will be more under strong...
Persistent link: https://www.econbiz.de/10014114477
I study the simultaneous ownership of equity of competing companies by the same investor, i.e., common ownership, in 39,867 publicly listed corporations in 125 countries between 2000-2020. I construct a global data set to document the prevalence of common ownership in multiple forms, including...
Persistent link: https://www.econbiz.de/10014351160
In supply networks, path diversity is an important determinant of demand, entry, and firms’ market power. We … the internet. We specify a model of inter-regional bandwidth demand and cable operators’ dynamic entry and supply choices … analysis reveals that preferences for path diversity account for a large share of entry rates and surplus created between 2005 …
Persistent link: https://www.econbiz.de/10014347550
From the angle of competition policy, Voice over IP looks like a panacea. It not only brings better service, but it also increases competitive pressure on former telecommunications monopolists. This paper points to the largely overlooked downside. In a pure world of Internet telephony, there...
Persistent link: https://www.econbiz.de/10010264805
We analyze the dynamic effect of prices and price volatility on current oil production, both on the level of country groups and the major individual producer countries. A comprehensive dataset at monthly frequency allows us to include a rich lag structure while controlling for key global and...
Persistent link: https://www.econbiz.de/10010285735