The paper develops a simple theoretical framework for empirical investigation of the final price, number of bids, and whether an item sold for eBay auction data collected in 2009-2010 for presidential memorabilia items. The explanatory variables include the eBay auction variables minimum bid,...

Suppose a price setting firm knows the distribution of reservation prices its customers have for an existing product. Then suppose the firm introduces a product improvement, and it is able to quantitatively evaluate the increase in performance (e.g. time saved, capacity increased, etc.) for the...

Consider a dynamic intra-industry trade model with two goods, two firms, and two countries in which product ¡°reliability¡± is determined by R&D paths. This paper focuses on how a change in competitive conditions in terms of manufacturing costs affects the firms¡¯ decision about optimal...

The present crisis is too raw to have a catchy title, but while previous work of members of the International Trade and Finance Association and readers of the Global Economy Journal already helps us understand it, I anticipate many future contributions to the GEJ on the subject as well.

"The article considers the optimal research and development subsidy regime in a two-firm two-country model where each firm is "located" in a specific country. Trade is intra-industry in that customers in both countries purchase from both firms. The article suggests that when both countries...

Suppose consumers demand a composite good called "baseball experience" that incorporates the value received from both attending the game in person and purchasing concessions at the stadium. It is shown that when the firm maximizes the total profit from tickets and concessions, the ticket price...

The present paper examines the welfare effects of a dynamic Research and Development (R&D) game at the firm level in a two-country, two-firm, intra-industry trade context. Economists do not use the trade balance as a measure of economic welfare, but it is often used in the public arena. The...

A Tribute to John Virgo Copyright International Atlantic Economic Society 2013