Similar Search Results

Berentsen, Aleksander; Rocheteau, Guillaume - 2004

This paper investigates the role of fiat money in decentralized markets, where producers have private information about the quality of the goods they supply. Money is divisible, terms of trade are determined endogenously, and agents can finance their consumption with money or with real...

Persistent link: https://www.econbiz.de/10014120531

Horizontal Mergers and Product Quality

Brekke, Kurt Richard - 2014

on quality, price and welfare. The merging firms always reduce quality. They also increase prices if demand …

Persistent link: https://www.econbiz.de/10013059116

Horizontal Mergers and Product Quality

Brekke, Kurt Richard - 2015

We study the effects of horizontal mergers when firms compete on quality and price. Two key factors are identified: (i …) the magnitude of variable quality costs, and (ii) the relative magnitudes of cross-quality and cross-price effects on … demand. The merging firms will increase (reduce) both quality and price if the degree of competition is sufficiently stronger …

Persistent link: https://www.econbiz.de/10013019860

Union structure and product quality differentiation

Meccheri, Nicola; Vergari, Cecilia - 2024

This paper investigates the issue of how alternative unionization structures in labour markets affect the choice of product quality differentiation by firms in product markets, and how this determines relative welfare outcomes of different union structures. In the presence of decentralized wage...

Persistent link: https://www.econbiz.de/10014464640