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Networks of Relations and Social Capital

Lippert, Steffen; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2005

We model networks of relational (or implicit) contracts, exploring how sanctioning power and equilibrium conditions … and in-network information transmission as well as conditions under which stable sub-networks inhibit more valuable larger … networks. The model provides formal definitions for individual and communities’ ‘social capital’ in the spirit of Coleman and …

Persistent link: https://www.econbiz.de/10005114333

Leniency and Whistleblowers in Antitrust

Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2006

discussed appear relevant to the fight of other forms of multiagent organized crime - like auditor-manager collusion, financial …

Persistent link: https://www.econbiz.de/10005662235

International Standards and International Trade: Empirical Evidence from ISO 9000 Diffusion

Clougherty, Joseph A.; Grajek, Michal - C.E.P.R. Discussion Papers - 2012

Empirical scholarship on the standards-trade relationship has been held up due to methodological challenges: measurement, varied effects, and endogeneity. Considering the trade-effects of one particular standard (ISO 9000), we surmount methodological challenges by measuring standardization via...

Persistent link: https://www.econbiz.de/10011084713

Information Sharing in Banking: A Collusive Device?

Gehrig, Thomas; Stenbacka, Rune - C.E.P.R. Discussion Papers - 2001

We show that information sharing among banks may serve as a collusive device. An informational sharing agreement is an a-priori commitment to reduce informational asymmetries between banks in future lending. Hence, information sharing tends to increase the intensity of competition in future...

Persistent link: https://www.econbiz.de/10005667094

Vertical Product Differentiation and Entry Deterrence

Lutz, Stefan - C.E.P.R. Discussion Papers - 1996

This paper studies how the existence of a potential entrant influences an incumbent’s choice of quality in a model of vertical product differentiation and entry. Both firms face fixed set-up costs and quality-dependent costs of production, and compete on quality and price. With identical...

Persistent link: https://www.econbiz.de/10005504715

Location Choices under Quality Uncertainty

Christou, Charalambos; Vettas, Nikolaos - C.E.P.R. Discussion Papers - 2004

We examine a linear city duopoly where firms choose their locations to maximize expected profits, uncertain about how consumers will assess the relative quality of their products. Equilibrium locations depend on the ratio of the expected quality superiority to the strength of horizontal...

Persistent link: https://www.econbiz.de/10005504793

Global versus Local Competition

Legros, Patrick; Stahl, Konrad - C.E.P.R. Discussion Papers - 2002

We analyse the impact of increased outside opportunities brought to consumers by access to a global market on local market performance under monopoly versus oligopoly. If consumers have to choose once where to shop we show that under all forms of organizing the local market, increased...

Persistent link: https://www.econbiz.de/10005498025

Horizontal Mergers and Product Quality

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2014

Using a spatial competition framework with three ex ante identical firms, we study the effects of a horizontal merger on quality, price and welfare. The merging firms always reduce quality. They also increase prices if demand responsiveness to quality is sufficiently low. The non-merging firm,...

Persistent link: https://www.econbiz.de/10011083668

Product Line Design

Anderson, Simon P; Celik, Levent - C.E.P.R. Discussion Papers - 2014

We characterize the product line choice and pricing of a monopolist as the upper envelope of net marginal revenue curves to the individual product demand functions. The equilibrium product varieties to include in a product line are those yielding the highest upper envelope. In a central case...

Persistent link: https://www.econbiz.de/10011145421

Price and quality in spatial competition

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2009

We study the relationship between competition and quality within a spatial competition framework where firms compete in prices and quality. We generalise existing literature on spatial price-quality competition along several dimensions, including utility functions that are non-linear in income...

Persistent link: https://www.econbiz.de/10005068287