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Price competition and market structure : the impact of restrictive practices legislation on concentration in the UK

Symeonidis, George - In: Competition and market structure : theory and evidence …, (pp. 16-73). 1997

Persistent link: https://www.econbiz.de/10001560720

La verifica empirica del modello di Sutton per i settori manifatturieri italiani

Giorgetti, Maria Letizia - In: L' Industria : rivista di economia e politica … 21 (2000) 3, pp. 543-564

Persistent link: https://www.econbiz.de/10001562000

Price Competition and Market Structure : The Impact of Cartel Policy on Concentration in the UK

Symeonidis, George - 2000

This paper examines the impact of firms' conduct on market structure. It studies the evolution of concentration in UK … competition has a positive effect on concentration in exogenous sunk cost industries as well as in advertising-intensive and R …&D-intensive industries. The concentration-market size relationship, while negative in exogenous sunk cost industries, breaks down in …

Persistent link: https://www.econbiz.de/10014146871

Fixed costs matter

Kamphorst, Jurjen; Mendys-Kamphorst, Ewa; Westbrock, Bastian - 2018

According to standard economic wisdom, fixed costs should not matter for pricing decisions. However, outside economics, it is widely accepted that firms need to increase their prices after a fixed cost rise. In this note, we show that a liquidity-constrained firm that maximizes lifetime profits...

Persistent link: https://www.econbiz.de/10011936060

A Note on the Relation between Size, Ownership Status and Plant's Closure : Sunk Costs vs. Strategic Size Liability

Colombo, Massimo G. - 2009

In this paper we test both sunk cost and strategic size liability predictions by looking at the exit behavior of a sample of Italian manufacturing plants. For this purpose, we focus on plants' size and ownership status. In particular, we distinguish independent plants from plants that belong to...

Persistent link: https://www.econbiz.de/10012764707

Sunk Cost Fallacy, Self-control, and Contract Design

Zhang, Xing; Iyer, Ganesh; Xu, Xiaoyan; Chong, Juin-Kuan - 2021

This paper examines the sunk cost fallacy as a self-commitment device in mitigating self-control problems and analyzes its implications for contract design. The sunk cost fallacy can lead to over-consumption and escalation of commitment. We show that consumers anticipate the fallacy ex-ante, and...

Persistent link: https://www.econbiz.de/10013216658

Cross-industry heterogeneity in export participation : the role of scale economies in R&D

Ferguson, Shon - 2012

This paper shows that the R&D intensity of an industry plays an important role in determining international trade patterns via its effect on scale economies. I first develop a model of trade with heterogeneous firms where firms compete with each other by spending on fixed product development...

Persistent link: https://www.econbiz.de/10009632205

Exit, Sunk Costs and the Selection of Firms

Garella, Paolo G.; Richelle, Yves - 2000

This paper aims to identify the cost characteristics of exiting firms whenever firms are playing an infinite horizon supergame with time-invariant cost and demand functions. With more than two firms, the problem of which firms exit is quite similar to a coalition formation one. Solving this...

Persistent link: https://www.econbiz.de/10014194821

Entry and Exit Behavior in the Absence of Sunk Costs : Evidence from a Price Comparison Site

Haynes, Michelle; Thompson, Steve R. - 2011

This paper explores entry and exit at a price comparison site (PCS) where the sunk costs of participation are effectively zero. We first use a panel of 295 products on NexTag.com to estimate an error correction model of net entry. While the results support our characterization of the PCS as a...

Persistent link: https://www.econbiz.de/10014042092

Credit concentration of Brazilian rural activities from 2000 to 2008

Spolador, Humberto Francisco Silva; De Souza Lima, … - 2010

This paper aims to analyze the degree of concentration of loans allocated to agricultural and livestock activities in …

Persistent link: https://www.econbiz.de/10011332321