Narrow search
Showing 1 - 10 of 706,239
Cover Image
The role of managerial work in market performance : a monopoly model with team production
Hildenbrand, Andreas; Duran, Mihael - 2013
lower. However, the employees' utility level is higher. Whereas the employer has an incentive to improve management … capability in principle, the employees have an incentive to keep management capability low. Moreover, the cost of improving … management capability may be prohibitively high. Managerial slack can therefore persist. The predicted behavior of the monopolist …
Persistent link: https://www.econbiz.de/10010223041
Cover Image
Market power and wage inequality
Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, … - 2022
We propose a theory of how market power affects wage inequality. We ask how goods and labor market power jointly affect …
Persistent link: https://www.econbiz.de/10013466168
Cover Image
The role of managerial work in market performance : a monopoly model with team production
Hildenbrand, Andreas; Duran, Mihael - 2013
lower. However, the employees' utility level is higher. Whereas the employer has an incentive to improve management … capability in principle, the employees have an incentive to keep management capability low. Moreover, the cost of improving … management capability may be prohibitively high. Managerial slack can therefore persist. The predicted behavior of the monopolist …
Persistent link: https://www.econbiz.de/10010225516
Cover Image
Complementary patents and market structure
Schmidt, Klaus M. - 2009 - This version: August 19, 2009
Many high technology goods are based on standards that require several essential patents owned by different IP holders. This gives rise to a complements and a double mark-up problem. We compare the welfare effects of two different business strategies dealing with these problems. Vertical...
Persistent link: https://www.econbiz.de/10003909249
Cover Image
Marketmaking middlemen
Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016
This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode where an intermediary holds inventories which...
Persistent link: https://www.econbiz.de/10011526728
Cover Image
Marketmaking middlemen
Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016
This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode by which an intermediary holds inventories...
Persistent link: https://www.econbiz.de/10011520869
Cover Image
Vertical differentiation and collusion : cannibalization or proliferation?
Gabszewicz, Jean Jaskold; Marini, Marco A.; Tarola, Ornella - 2016
In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...
Persistent link: https://www.econbiz.de/10011451580
Cover Image
Endogenous Market Structures and Welfare
Etro, Federico - 2012
I characterize microfounded endogenous market structures with Bertrand and Cournot competition and perform welfare analysis generalizing the Mankiw-Whinston condition for excess entry. The impact of market leaders on welfare is reconsidered, with a number of policy implications about strategic...
Persistent link: https://www.econbiz.de/10013103957
Cover Image
The Theory of Endogenous Market Structures : A Survey
Etro, Federico - 2012
scale (perfect competition) or isolated price setters (monopolistic competition). The theory of EMSs analyzes markets in …
Persistent link: https://www.econbiz.de/10013103961
Cover Image
One Sided Access in Two-Sided Markets
Verdier, Marianne - 2013
In this paper, I analyze the incentives of a monopolistic platform to open its infrastructure to an entrant on the buyer side of the market. If buyer and seller demands are linear and identical, and if the entrant operates on a separate market, I show that entry distorts the price structure in...
Persistent link: https://www.econbiz.de/10013087575