Showing 1 - 10 of 353
Although antitrust courts sometimes stress the competitive process, they have not deeply explored what that process is. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers forming improving coalitions. Much of antitrust can be...
Persistent link: https://www.econbiz.de/10014185970
This paper investigates how an increase in competition for workers infuences the impact of social preferences on labor market outcomes. By sorting into firms with homogeneous work forces, workers can alleviate their suffering from social comparisons. Competition promotes choice and thus...
Persistent link: https://www.econbiz.de/10014195100
This analysis introduces a theoretical framework for assessing the empirical discussion of asymmetric information amongst mortgage lenders and adds the idea of lender competition into this framework. Despite this addition, the results are generally consistent with existing empirical findings...
Persistent link: https://www.econbiz.de/10013027213
Persistent link: https://www.econbiz.de/10012908589
"Balancing Cooperation and Competition in Retail Payment Systems: Lessons from Latin America Case Studies" presents the findings of four case studies in Latin America (Argentina, Brazil, Colombia and Mexico) that have explored the issue of cooperation and competition in different retail payments...
Persistent link: https://www.econbiz.de/10013155796
A dynamic model of the product lifecycle of (nearly) homogeneous durables in polypoly markets is established. It describes the concurrent evolution of the unit sales and price of durable goods. The theory is based on the idea that the sales dynamics is determined by a meeting process of demanded...
Persistent link: https://www.econbiz.de/10013015690
The Great Reversal is a pleasure to read because of its original arguments and thorough reasoning by a very able economist. Thomas Phillippon analyses the state of competition in the US and Europe, respectively, very convincingly. His main finding is that the intensity of competition has...
Persistent link: https://www.econbiz.de/10014262883
Ungeachtet der vielfältigen Anstrengungen hat sich die Genauigkeit makroökonomischer Prognosen seit den 1970er Jahren nicht verbessert. Deshalb mahnen (manche) Ökonomen "mehr Wettbewerb" unter den Prognoseinstituten an – und hoffen, dass die allokative Effizienz marktlicher Lösungen auch...
Persistent link: https://www.econbiz.de/10010296678
When faced with budget-constrained bidders, all-pay auctions revenue-dominate standard auctions (Örst and second-price), which, in a competitive market, gives an edge to the all-pay format. An equilibrium in which sellers compete with standard auctions fails to exist if the all-pay format is...
Persistent link: https://www.econbiz.de/10015151274
We investigate the strategic impact of exible delivery frequencieson the competition of logistics service providers (LSPs) in a supplychain. LSPs compete for customers who choose an exclusive serviceprovider based on their individual preference, prices and inventorycosts. The service provider...
Persistent link: https://www.econbiz.de/10009284841