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Schinkel, Maarten Pieter; Tuinstra, Jan; Rüggeberg, Jakob - Tinbergen Institute - 2005

recovery of antitrust damages to direct purchasers. However, antitrust damages are typically (in part) passed on to … collusion. It allows an upstream cartel to shield itself from private damage claims by forwarding a share of cartel profits to … private damages. The cartel can achieve this by rationing inputs at low prices. Several U.S. antitrust cases show symptoms of …

Persistent link: https://www.econbiz.de/10005137007

Antitrust in Open Economies

Francois, Joseph; Horn, Henrik - Tinbergen Institute - 2006

We examine antitrust rules in a two county general equilibrium trade model, contrasting national and multilateral …

Persistent link: https://www.econbiz.de/10005209480

Competitive Prices as Profit-Maximizing Cartel Prices

Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Institute - 2010

Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the …

Persistent link: https://www.econbiz.de/10008838625

Industry Dynamics and Entrepreneurship: An Equilibrium Model

Fok, Dennis; Stel, Andre van; Burke, Andrew; Thurik, Roy - Tinbergen Institute - 2010

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants’ role of performing the entrepreneurial function of creating disequilibrium and the conventional...

Persistent link: https://www.econbiz.de/10008513242

Unraveling the Shift to the Entrepreneurial Economy

Audretsch, D.B.; Thurik, A.R. - Tinbergen Institute - 2010

A recent literature has emerged providing compelling evidence that a major shift in the organization of the developed economies has been taking place: away from what has been characterized as the managed economy towards the entrepreneurial economy. In particular, the empirical evidence provides...

Persistent link: https://www.econbiz.de/10008484066

Adoption of Superior Technology in Markets with Heterogeneous Network Externalities and Price Competition

Janssen, Maarten C.W.; Mendys, Ewa - Tinbergen Institute - 2000

In this paper we investigate whether markets with heterogeneous network externalities can be locked-in by old technologies even if superior technologies are available. Heterogeneous network externalities are present when some consumers care more about the size of the market share of a good than...

Persistent link: https://www.econbiz.de/10005144403

Comparative Advantage, the Rank-size Rule, and Zipf's Law

Hinloopen, Jeroen; Marrewijk, Charles van - Tinbergen Institute - 2006

Using a comprehensive international trade data set we investigate empirical regularities (known as Zipf’s Law or the rank-size rule) for the distribution of the interaction between countries as measured by revealed comparative advantage. Using the recently developed estimator by Gabaix and...

Persistent link: https://www.econbiz.de/10005144482

The Entrepreneurial Adjustment Process in Disequilibrium

Burke, Andrew; Stel, André van - Tinbergen Institute - 2009

The main contribution of entrepreneurship theory to economics is to provide an account of market performance in disequilibrium but little empirical research has examined firm entry and exit in this context. We redress this by modelling the interrelationship between firm entry and exit in...

Persistent link: https://www.econbiz.de/10005144562

Second-degree Price Discrimination and Inter-group Effects in Airline Routes between European Cities

Alderighi, Marco; Cento, Alessandra; Nijkamp, Peter; … - Tinbergen Institute - 2011

This paper presents a model of second-degree price discrimination and inter-group effects to describe the full-service pricing behaviour in the passenger aviation market. Consumer heterogeneity is assumed on both a horizontal and a vertical dimension, while various distinct market structures,...

Persistent link: https://www.econbiz.de/10009201128

Estimating Firms' Demand for Agglomeration

Koster, Hans; Ommeren, Jos N. van; Rietveld, Piet - Tinbergen Institute - 2010

The market for commercial properties is characterised by extreme heterogeneity in demand. In this paper, we aim to gain more insight in the heterogeneity in demand for employment agglomeration and size of the rental property using a two-stage hedonic approach following Bajari and Benkard (2005)....

Persistent link: https://www.econbiz.de/10008611030