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Pricing Internet Traffic: Exclusion, Signalling and Screening

Jullien, Bruno; Sand-Zantman, Wilfried - C.E.P.R. Discussion Papers - 2014

We consider a network that intermediates traffic between free content providers and consumers. While consumers do not know the traffic cost when deciding on consumption, a content provider knows his cost but may not control the consumption. We study how pricing consumers' and content providers'...

Persistent link: https://www.econbiz.de/10011083772

The Theory of Access Pricing: an Overview for Infrastructure Regulators

Estache, Antonio; Valletti, Tommaso - C.E.P.R. Discussion Papers - 1999

The paper provides policymakers and regulators with an overview of the more relevant theoretical issues related to the pricing of access to ensure that the political debate around practical concerns is solidly grounded. The paper discusses in detail the importance of access pricing in the...

Persistent link: https://www.econbiz.de/10005666499

How Do Regulators Influence Mortgage Risk? Evidence from an Emerging Market

Campbell, John Y; Ramadorai, Tarun; Ranish, Benjamin - C.E.P.R. Discussion Papers - 2012

To understand the effects of regulation on mortgage risk, it is instructive to track the history of regulatory changes …. However, in developed countries with fairly stable systems of financial regulation, it is difficult to track these effects. We …-changing regulation impacted mortgage lending and risk. We find evidence that regulation has important effects on mortgage rates and …

Persistent link: https://www.econbiz.de/10011083989

The Structure of Services in Europe: A Conceptual Framework

Sapir, André - C.E.P.R. Discussion Papers - 1991

Thirty years ago, when the Treaty of Rome came into effect, agriculture and manufacturing dominated activity in the European Community (EC). Today, in every member state, services account for more production and employment than agriculture and manufacturing combined. The growing role of services...

Persistent link: https://www.econbiz.de/10005791734

Keeping Up With the Joneses: Competition and the Evolution of Collusion in an Oligopolistic Economy

Dixon, Huw David - C.E.P.R. Discussion Papers - 1998

An economy consists of many duopolistic markets. Firms must earn normal profits in the long run if they are to survive. Normal profits are interpreted as the long-run limit of average profits in the whole economy. We adopt the aspiration based model of firm behaviour, and link it to the economy...

Persistent link: https://www.econbiz.de/10005504330

Monopolistic Competition and Optimum Product Selection: Why and how heterogeneity matters

Nocco, Antonella; Ottaviano, Gianmarco; Salto, Matteo - C.E.P.R. Discussion Papers - 2013

After some decades of relative oblivion, the interest in the optimality properties of monopolistic competition has recently re-emerged due to the availability of an appropriate and parsimonious framework to deal with firm heterogeneity. Within this framework we show that non-separable utility,...

Persistent link: https://www.econbiz.de/10011083607

Market Structure and Borrower Welfare in Microfinance

de Quidt, Jonathan; Fetzer, Thiemo; Ghatak, Maitreesh - C.E.P.R. Discussion Papers - 2012

Motivated by recent controversies surrounding the role of commercial lenders in microfinance, we analyze borrower welfare under different market structures, considering a benevolent non-profit lender, a for-profit monopolist, and a competitive credit market. To understand the magnitude of the...

Persistent link: https://www.econbiz.de/10011083818

Impacts of Patent Expiry and Regulatory Policies on Daily Cost of Pharmaceutical Treatments: OECD Countries, 2004-2010

Berndt, Ernst R; Dubois, Pierre - C.E.P.R. Discussion Papers - 2012

Cross-country variability in regulatory frameworks, industrial policy, physician/pharmacy autonomy, brand/generic distinctions, and in the practice of medicine contributes to ambiguous interpretations of pharmaceutical cost comparisons. Here we report cross-country comparisons that: (i) focus on...

Persistent link: https://www.econbiz.de/10011083891

A Price Theory of Vertical and Lateral Integration (Revised Version)

Legros, Patrick; Newman, Andrew - C.E.P.R. Discussion Papers - 2012

We present a perfectly-competitive model of firm boundary decisions and study their interplay with product demand, technology, and welfare. Integration is pri- vately costly but is effective at coordinating production decisions; non-integration is less costly, but coordinates relatively poorly....

Persistent link: https://www.econbiz.de/10011083920

Product Launches and Buying Frenzies: A Dynamic Perspective

Courty, Pascal; Nasiry, Javad - C.E.P.R. Discussion Papers - 2013

Buying frenzies in which a firm intentionally undersupplies a product during its initial launch phase are a common practice within several industries such as electronics (cell phones, video games, game consoles), luxury cars, and fashion goods. We develop a dynamic model of buying frenzies that...

Persistent link: https://www.econbiz.de/10011084386