Showing 1 - 10 of 553
The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies' social impact. We conceptualize corporate social impact as the welfare loss that would be caused by a firm's exit. To illustrate, we quantify the social impacts of 75 firms in...
Persistent link: https://www.econbiz.de/10013295453
The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies' social impact. We conceptualize corporate social impact as the welfare loss that would be caused by a firm's exit. To illustrate, we quantify the social impacts of 74 firms in...
Persistent link: https://www.econbiz.de/10014421228
Economic theory suggests that gasoline retail markets are prone to collusive behavior. Oligopoly market structures … welfare these rules either restrict the number of price changes per day or they limit the markup for gasoline retail prices … effects, using an experimental gasoline market in the lab. Our results reveal that two of the suggested rules rather decrease …
Persistent link: https://www.econbiz.de/10009515979
We develop a theoretical model to study the effects of an ad valorem taxation regime differentiated according to product characteristics (quality) within an imperfectly competitive market. Then to test our theoretical prediction we use yearly data from the Irish automobile market during the...
Persistent link: https://www.econbiz.de/10012914084
Attribute-based subsidies (ABS) are commonly used to promote the diffusion of energy-efficient products, whose manufacturers often wield significant market power. We develop a theoretical framework for the optimal design of ABS to account for endogenous product attributes, environmental...
Persistent link: https://www.econbiz.de/10014512118
This paper investigates the impact of free trade on welfare in a two-country world modelled as an international Hotelling duopoly with quadratic transport costs and asymmetric countries, where a negative environmental externality is associated with the consumption of the good produced in the...
Persistent link: https://www.econbiz.de/10011734284
In the homogenous good case, the relationship between market struc- ture and efficiency was studied extensively. Assuming a standard quadratic utility with quantity competition, this paper carries on the analysis in a differentiated good context. It can be shown that there is a positive re-...
Persistent link: https://www.econbiz.de/10010294750
We develop a model with endogeneity in key features of industrial structure linked to heterogeneous cost structures under Cournot competition. We use the model to explore issues related to cross-country differences in industry structure and the impact of globalization on markups and pricing,...
Persistent link: https://www.econbiz.de/10010294858
We investigate a multi-market Cournot model with strategic process R&D investments wherein a multi-market monopolist meets entrants that enter one of the markets. We find that entry can enhance the total R&D expenditure of the incumbent firm. That is, entry can stimulate R&D effort. Moreover,...
Persistent link: https://www.econbiz.de/10010332451
A government wanting to promote an efficient allocation of resources as measured by the total surplus, should strategically delegate to its competition authority a welfare standard with a bias in favour of consumers. A consumer bias means that some welfare increasing mergers will be blocked....
Persistent link: https://www.econbiz.de/10010320142