Similar Search Results

An efficient and strategy-proof double-track auction for substitutes and complements

Sun, Ning; Yang, Zaifu - 2014

We propose a dynamic auction mechanism for efficiently allocating multiple heterogeneous indivisible goods. These goods can be split into two distinct sets so that items in each set are substitutes but complementary to items in the other set. The seller has a reserve value for each bundle of...

Persistent link: https://www.econbiz.de/10010403061

An efficient double-track auction for substitutes and complements

Sun, Ning; Yang, Zaifu - 2012

Persistent link: https://www.econbiz.de/10009572162

Inefficient Centralization of Imperfect Complements

Gregor, Martin - 2009

If local public goods exhibit spillovers and regions are sufficiently symmetric, decentralization implies under provision, whereas cooperative centralization is associated with strict Pareto-improvement. This classic inference rests on two assumptions: local politicians are delegated sincerely...

Persistent link: https://www.econbiz.de/10012720201

Competition with Aftermarket Power when Consumers are Heterogeneous

Zēgners, Dainis - 2016

We study a model of competitive foremarkets and partly monopolized aftermarkets. We show that high aftermarket power prompts firms to engage in inefficiently aggressive below-cost pricing in the foremarket. This inefficiency is driven by the presence of consumers with valuations below marginal...

Persistent link: https://www.econbiz.de/10013007604

Labour market power and the distorting effects of international trade

Mertens, Matthias - 2018

This article examines how trade shocks shape labour market imperfections that create market power in labour markets and prevent an efficient allocation of labour. I develop a framework for measuring such labour market distortions in monetary terms and document large degrees of those distortions...

Persistent link: https://www.econbiz.de/10011905087

Labour market power and the distorting effects of international trade

Mertens, Matthias - 2019

This article examines how trade shocks shape labour market imperfections that create market power in labour markets and prevent an efficient allocation of labour. I develop a framework for measuring such labor market distortions in monetary terms and document large degrees of those distortions...

Persistent link: https://www.econbiz.de/10011960139

Misallocation and intersectoral linkages

Osotimehin, Sophie; Popov, Latchezar - 2020

Persistent link: https://www.econbiz.de/10012319277

Market power, production (mis)allocation and OPEC

Asker, John; Collard-Wexler, Allan; De Loecker, Jan - 2017

This paper estimates the extent to which market power is a source of production misallocation. Productive inefficiency occurs through more production being allocated to higher cost units of production, and less production to lower-cost production units, conditional on a fixed aggregate quantity....

Persistent link: https://www.econbiz.de/10012116720

Market Power, Production (Mis)Allocation and OPEC

Asker, John - 2017

This paper estimates the extent to which market power is a source of production misallocation. Productive inefficiency occurs through more production being allocated to higher-cost units of production, and less production to lower-cost production units, conditional on a fixed aggregate quantity....

Persistent link: https://www.econbiz.de/10012948063

Airport capacity allocation with network airlines : regulation of congestion externalities under imperfect competition, with vertical product differentiation based on network density effects

Noto, Claudio Giovanni - 2016

allerdings Marktmacht vorhanden ist, treten auch negative Wohlfahrtseffekte auf. Im Wettbewerb zwischen Fluggesellschaften gelten … Vorteile für die Passagiere darstellen, aber auch die Marktmacht und damit die Flugpreise erhöhen. Die meisten Modelle zur … können zwar alle drei Instrumente die ökonomische Allokationseffizienz im Gesamtsystem verbessern. Da aber die Netzwerkprämie …

Persistent link: https://www.econbiz.de/10011478645