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We propose an approach to extend the standard framework of dynamic games to deal with multi-product firms. Our approach applies to industries with a large number of products offered by a small number of firms.
Persistent link: https://www.econbiz.de/10010270306
We propose an approach to extend the standard framework of dynamic games to deal with multi-product firms. Our approach applies to industries with a large number of products offered by a small number of firms.
Persistent link: https://www.econbiz.de/10003742968
Persistent link: https://www.econbiz.de/10008779245
Persistent link: https://www.econbiz.de/10011503079
Persistent link: https://www.econbiz.de/10003747273
This paper reviews the evidence on the importance of human capital for macro-economic development. Through the lens of a simple aggregate production function, human capital might increase output per capita by directly entering in the production process, incentivising the accumulation of...
Persistent link: https://www.econbiz.de/10012569058
Today, out of more than 130 countries with competition laws, roughly 50 of them foresee a leniency programme15; the vast majority of them being adopted in the past 25 years in what can undoubtedly be considered a "leniency revolution". Latin America provides a good example of this leniency...
Persistent link: https://www.econbiz.de/10012838010
This paper reviews the evidence on the importance of human capital for macro-economic development. Through the lens of a simple aggregate production function, human capital might increase output per capita by directly entering in the production process, incentivising the accumulation of...
Persistent link: https://www.econbiz.de/10012907704
Price transparency initiatives are typically undertaken by third parties to ensure that consumers can compare the prices of competing offers in markets where obtaining such information is costly. Such practices have recently become widespread, yet it is unclear whether the increased price...
Persistent link: https://www.econbiz.de/10012971966
We quantify the effect of consumers' price uncertainty on gasoline prices and margins on an Italian highway. We observe the change in prices triggered by a longitudinal policy-based change in consumers' price information from one in which drivers on the highway had no information on the prices...
Persistent link: https://www.econbiz.de/10012855281