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) competition games. In this context, we derive the interesting result that with endogenous and exogenous advertising the incumbent …
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investments inherent in scenarios such as lobbying, competition for market power, labor-market tournaments, and Ramp;D races …
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depends on the type of competition (Bertrand or Cournot) in the sale stage. If the product market is characterized by Bertrand … competition (price setting), then lower qualities will be chosen under sequential quality choice than under simultaneous quality … choice. Although qualities may be strategic complements or substitutes, depending on the type of product market competition …
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The rates of value added tax (VAT) have recently changed in the Czech Republic, and I simulate the impact of these reforms. They are an example of changes in indirect taxes that change the prices of goods and services, to which households can respond by adjusting their expenditures. I first...
Persistent link: https://www.econbiz.de/10010344181
Reforms of indirect taxes, such as the recent changes in rates of value added tax (VAT) in the Czech Republic, change prices of products and services to which households can respond by adjusting their expenditures. I estimate the behavioural response of consumers to price changes in the Czech...
Persistent link: https://www.econbiz.de/10009779264
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