This paper studies the welfare consequences of a vertical merger that raises rivals costs when downstream competition … is à la Cournot between firms with constant asymmetric marginal costs. The main result is that such a vertical merger can … nevertheless improve welfare if it involves a downstream firm whose cost is low enough . This is because by raising the input price …

. Finally, we explore the welfare costs of using human capital accumulation to compete for college admissions. We define the … cost of competition as the welfare difference between a color-blind admissions contest and the first-best outcome chosen by …

theorized mechanisms in school choice programs that lead to positive outcomes are (1) an increased access to higher-quality … the effect of quality schools independent of families selecting schools that match their preferences. Since the majority …

Ample evidence is available for the effect of competition on educational quality as only a few countries allow large …

Ample evidence is available for the effect of competition on educational quality as only a few countries allow large …

Hotelling framework, this paper analyses the effect of different objectives of the hospitals on quality, profits, and overall … welfare in a price regulated duopoly with symmetric locations. In contrast to other studies on mixed oligopolies, this paper … shows that in a duopoly with regulated prices privatisation of the public hospital may increase overall welfare depending on …

Hotelling framework, this paper analyses the effect of heterogeneous objectives of the hospitals on quality differentiation …, profits, and overall welfare in a price regulated duopoly with exogenous symmetric locations. In contrast to other studies on … mixed duopolies, this paper shows that in this framework privatisation of the public hospital may increase overall welfare …