This paper considers three linear asymmetric oligopoly models with (i) a representative consumer, (ii) horizontal differentiation and (iii) vertical differentiation. We show that firms could maximize the joint-profit only based on private and aggregate information. They can choose the...

Multimarket contact has an impact on the sustainability of collusive outcomes, whenever firms or markets differ from each other or scope effects are present. An implicit assumption made in the literature dealing with multimarket contact and collusion in infinitely repeated games is the existence...

Die vorliegende Dokumentation gibt einen umfassenden Einblick in die Systematik der .Bonner Stichprobe., einer jahresabschlußbasierten Industriedatenbank, und soll dem interessierten Leser als Leitfaden für die selbständige Arbeit mit der Stichprobe dienen. Der Hauptteil der Dokumentation...

This paper studies an extension of Rogoff (1985) where the central banker can choose how much effort to exert and thereby learn about a supply shock. With this assumption, it is not necessarily optimal for society to delegate to a .conservative. banker. This may explain why such delegation often...

This paper explores the role that employers’ associations may play in centralized wage bargaining processes. It thereby adds to the literature on labor markets, in which the relationship between union behavior and unemployment has been explored quite extensively, while employers’...

Inherent to most research projects is the fact that researchers learn about their project during the course of it. Research investments result in signals on development costs. This paper studies how this fact influences firms’ investments, and how revenue sharing can correct inefficient...

This paper focuses on the question of European integration, considering whether the geographic level at which competition takes place differs across the two major segments of the soft drinks industry: carbonated soft drinks and mineral water. Our evidence shows firms are competing at the...

We study the optimal regulation of complementary input supply. The regulator chooses for either a monopolist producing two complementary inputs in fixed proportion, or two independent firms producing one input each. Under independent input supply, nonmonotonic regulatory schemes become optimal...

Car prices in Europe are characterized by large and persistent differences across countries. The purpose of this paper is to document and explain this price dispersion. Using a panel data set extending from 1980 to 1993, we first demonstrate two main facts concerning car prices in Europe: (1)...

We examine markets where, in addition to production of standard (core) products, mass customization is technologically feasible. We compare a setting where a monopolist provides both standard and custom goods to a setting where an entrant joins the custom market, and find customers' tastes...