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A firm may decide to have some of its customers sign exclusive contracts in order to deprive a rival of the minimum viable size, exclude it from the market, and enjoy increased market power. If contracts are required to be simple enough, this strategy may induce inefficient exclusion even if the...
Persistent link: https://www.econbiz.de/10010738791
supplier's ability to interact with unintegrated competitors. Vertical integration may thus lead to input foreclosure, thereby … foreclosure arises in the case of downstream bottlenecks. …
Persistent link: https://www.econbiz.de/10008794361
at first-time homeownership using the French Housing Survey. We use a pseudo-panel approach that takes into account the … before first-time homeownership, and take into account unobserved heterogeneity. Our results indicate that a spell in public … housing increases the hazard to homeownership, supporting the idea that, in France, the public housing policy provides an …
Persistent link: https://www.econbiz.de/10010732220
We consider a general model of pure exchange economies with consumption externalities. Households may have different …
Persistent link: https://www.econbiz.de/10010738576
systems can be envisaged that allow for monitoring of the negative externalities generated by producers, consumers or …
Persistent link: https://www.econbiz.de/10010738699
Among technological options to mitigate greenhouse gas (GHG) emissions, Carbon Capture and Storage technology (CCS) seems particularly promising. This technology allows to keep on extracting polluting fossil fuels without drastically increasing CO2 atmospheric concentration. We examine here a...
Persistent link: https://www.econbiz.de/10010738951
We use recent pooled survey data on 90 000 individuals in 26 European countries to examine religious spillover effects on life satisfaction. Own religious behaviour is positively correlated with individual life satisfaction. More unusually, average religiosity in the region also has a positive...
Persistent link: https://www.econbiz.de/10010739004
The social norm of unemployment suggests that aggregate unemployment reduces the well-being of the employed, but has a far smaller effect on the unemployed. We use German panel data to reproduce this standard result, but then suggest that the appropriate distinction may not be between employment...
Persistent link: https://www.econbiz.de/10010739010
High levels of inequality are a persistent feature of many rural areas in the developing world. Rural inequality is correlated with major impediments of rural development, such as crime, elite-capture, and lack of collective action. Government transfer programs, such as conditional cash...
Persistent link: https://www.econbiz.de/10010739119
We study a class of games with a continuum of players for which Cournot-Nash equilibria can be obtained by the minimisation of some cost, related to optimal transport. This cost is not convex in the usual sense in general but it turns out to have hidden strict convexity properties in many...
Persistent link: https://www.econbiz.de/10010899690