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The behavioral economics of John Maynard Keynes

Schettkat, Ronald - 2018

After the publication of Keynes' "General Theory," economics was frequently described as schizophrenia: (neo … or reclassified in the neoclassical synthesis. Keynes' General Theory is truly general. It includes the full … recent results in behavioral economics. Keynes' macroeconomics is the result of his microeconomics. Keynes' theory is a …

Persistent link: https://www.econbiz.de/10011929683

A model of vertical oligopolistic competition

Reisinger, Markus; Schnitzer, Monika - 2008

This paper develops a model of successive oligopolies with endogenous market entry, allowing for varying degrees of product differentiation and entry costs in both markets. Our analysis shows that the downstream conditions dominate the overall profitability of the two-tier structure while the...

Persistent link: https://www.econbiz.de/10003951516

Consumer loss aversion and the intensity of competition

Karle, Heiko; Peitz, Martin - 2010 - Version: May 2, 2010, First Version: November 2009

Consider a differentiated product market in which all consumers are fully informed about match value and price at the time they make their purchasing decision. Initially, consumers become informed about the prices of all products in the market but do not know the match values. Some consumers...

Persistent link: https://www.econbiz.de/10003965100

Spilling over and crowding out : the effects of public sector/private sector convergence and competition, in the provision of public goods

Barrowclough, Diana - 2001

This paper develops an original model of product differentiation, to contribute to the debate about theregulation and finance of public television. It goes beyond the conventional analysis in this topic, byshowing the spill-over effects that a public broadcaster can have upon commercial...

Persistent link: https://www.econbiz.de/10011400384

On dynamic standards for energy efficiency in differentiated duopoly

Michaelis, Peter; Ziesemer, Thomas - 2015

We consider a two-periods-model of differentiated duopoly. Firms produce an en-ergy consuming household durable differentiated by its energy efficiency. Consumers differ by the weight they apply to their future energy costs when deciding which product to buy. In line with the Japanese Top Runner...

Persistent link: https://www.econbiz.de/10011430246

Product versus process : innovation strategies of multi-product firms

Flach, Lisandra; Irlacher, Michael - 2015

We investigate the effect of better access to foreign markets on innovation strategies of multi-product firms in industries with different scope for product differentiation. Industry-specific demand and cost linkages induce a distinction between the returns to innovation. In differentiated...

Persistent link: https://www.econbiz.de/10011283837

Tainted food, low-quality products and trade

Viaene, Jean-Marie; Zhao, Laixun - 2010

This paper examines international trade in tainted food and other low-quality products. Wefirst find that for a large class of environments, free trade is the trading system that conveysthe highest incentives to produce non-tainted high-quality goods by foreign exporters.However, free trade...

Persistent link: https://www.econbiz.de/10011379610

Demonstrations and price competition in new product release

Boleslavsky, Raphael; Cotton, Christopher; Gurnani, Haresh - 2015 - Current version: July 2015

We incorporate product demonstrations into a game theoretic model of firm price competition. Demonstrations may include product samples, trials, return policies, reviews, or any other means by which a firm allows consumers to learn about their value for a new product. In our model,...

Persistent link: https://www.econbiz.de/10011300663

Product customization in the spokes model

Aoki, Reiko; Hillas, John; Kao, Tina Shin-tian - 2014

Persistent link: https://www.econbiz.de/10011349120

A note on quality disclosure and competition

Jansen, Jos - 2015

Persistent link: https://www.econbiz.de/10011327698

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