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Over- and under-investment according to different benchmarks

Bolle, Friedel - In: Journal of economics 104 (2011) 3, pp. 219-238

Persistent link: https://www.econbiz.de/10009357377

Over- and under-investment according to different benchmarks

Bolle, Friedel - 2008

In a two-stage oligopoly, with investment in the first stage and quantity or price competition in the second stage …, there is a kind of Folk Theorem: We find (i) over-investment if the goods are substitutes and competition is in strategic … substitutes, (ii) under-investment if we have either complements instead of substitutes or strategic complements instead of …

Persistent link: https://www.econbiz.de/10003842773

Welfare cost of mobile spectrum (mis)allocation

Aimene, Louise; Guiffard, Jean-Baptiste; Ivaldi, Marc; … - 2023

Persistent link: https://www.econbiz.de/10013543104

Inefficiency of competitive equilibrium with hidden action and financial markets

Panaccione, Luca (contributor) - 2006

Persistent link: https://www.econbiz.de/10003386886

Inefficiency of competitive equilibrium with hidden action and financial markets

Panaccione, Luca (contributor) - 2006

Persistent link: https://www.econbiz.de/10003393381

Inefficiency of Competitive Equilibrium with Hidden Action and Financial Markets

Panaccione, Luca - 2007

In this paper, we study a pure exchange economy with idiosyncratic uncertainty, hidden action and multiple consumption goods. We consider two different market structures: contingent markets on the one hand, and financial and spot markets on the other hand. We propose a competitive equilibrium...

Persistent link: https://www.econbiz.de/10014054106