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This paper develops a demand function for Greece’s exports of manufactures according to New Trade Theory. The sample … non-price competitiveness approximated with capital stock, on export performance. The empirical estimation uses the … long-run and short-run relationships follow the economic theory and are remarkably stable. It is shown that non …
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I present a strategic model of competition in price and availability in which demand is uncertain and consumers choose where to shop given firms' observable prices and their expectations of firms' unobservable inventories. In both a single-period Cournot model (inventories are chosen first) and...
Persistent link: https://www.econbiz.de/10014034930
This paper addresses the effect of horizontal mergers on prices. It is shown that if firms compete in quantities and marginal costs are nondecreasing, any profitable merger failing to generate technological synergies must harm consumers through higher prices, irrespective of entry conditions in...
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Why are higher quality niches seen as intrinsically more profitable in business circles? Why do high quality products sometimes have a low real price, while it is unusual to see low quality products with high real prices? Can markets have quality differentiation as well as quality bunching? In...
Persistent link: https://www.econbiz.de/10012471282
Why are higher quality niches seen as intrinisically more profitable in business circles? Why do high quality products sometimes have a low real price, while it is unusual to see low quality products with high real prices? Can markets have quality differentiation as well as quality bunching? How...
Persistent link: https://www.econbiz.de/10014115047