Showing 1 - 10 of 93
most economic situations, uncertainty crucially affects also bargaining processes. Therefore, in our analysis, we introduce … uncertainty over the size of the pies to be shared and assess the impacts on players’ strategic behaviour. Our results confirm … that uncertainty crucially affects players’ behaviour and modify the likelihood of a self-enforcing agreement to emerge …
Persistent link: https://www.econbiz.de/10005791640
). Exogenous uncertainty over the size of the negotiated amount of water is introduced to capture the fact that water availability …
Persistent link: https://www.econbiz.de/10005791729
Using a comprehensive data set of Portuguese manufacturing firms, we show that the firm size distribution is significantly right-skewed, evolving over time toward a log-normal distribution. We also show that selection accounts for very little of this evolution. Instead, we propose a simple...
Persistent link: https://www.econbiz.de/10005504696
In this paper firm level data are used to test whether competition affects productivity performance in three transition countries, Hungary, Romania and Slovenia. The data are based on interviews taken in more than 300 state-owned, privatized and newly-established private firms between September...
Persistent link: https://www.econbiz.de/10005498145
We shed new light on the performance of Berry, Levinsohn and Pakes' (1995) GMM estimator of the aggregate random coefficient logit model. Based on an extensive Monte Carlo study, we show that the use of Chamberlain's (1987) optimal instruments overcomes most of the problems that have recently...
Persistent link: https://www.econbiz.de/10011084531
uncertainty. Unsynchronized deliveries can disrupt production, and delivery time can force producers to order components before …
Persistent link: https://www.econbiz.de/10005067441
The literature on new technology diffusion is vast, and it spills over many conventional disciplinary boundaries. This paper surveys this literature by focussing on alternative explanations of the dominant stylized fact in this are: namely, that the usage of new technologies over time typically...
Persistent link: https://www.econbiz.de/10005662021
numbers and with high technical or market uncertainty. We comment on the implications of these results for the design of the …
Persistent link: https://www.econbiz.de/10005791233
This Paper exploits the unique experiment of European market integration to investigate the relationship between integration and price convergence in international markets. Using a panel data set of car prices we examine how the process of integration has affected cross-country price dispersion...
Persistent link: https://www.econbiz.de/10005791246
We quantify the competitive effects of removing vertical restraints, based on the recent proposals to liberalize the selective and exclusive distribution system in the European car market. We estimate a differentiated products demand system for new cars and specify a model of oligopoly pricing...
Persistent link: https://www.econbiz.de/10005791274