Similar Search Results

Communication, Renegotiation, and the Scope for Collusion

Cooper, David J.; Kühn, Kai-Uwe - C.E.P.R. Discussion Papers - 2009

collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … short run increase in collusion. However, in a limited message-space treatment where subjects cannot communicate contingent … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …

Persistent link: https://www.econbiz.de/10008558586

Do Very High Tax Rates Induce Bunching? Implications for the Design of Income-Contingent Loan Schemes

Chapman, Bruce; Leigh, Andrew - Research School of Economics, College of Business and … - 2006

bunch below the repayment threshold. We find a statistically significant degree of bunching below the threshold, but the … earlier research suggesting only minimal bunching around kink points in taxation schedules. …

Persistent link: https://www.econbiz.de/10004971341

The Optimal Taxation of Unskilled Labour with Job Search and Social Assistance

Boone, Jan; Bovenberg, A Lans - C.E.P.R. Discussion Papers - 2002

In order to explore the optimal taxation of low-skilled labour, we extend the standard model of optimal non-linear income taxation in the presence of quasi-linear preferences in leisure by allowing for in-voluntary unemployment, job search, an exogenous welfare benefit, and a non-utilitarian...

Persistent link: https://www.econbiz.de/10005788899

Where do Migrants Go? Risk-Aversion, Mobility Costs and the Locational Choice of Migrants

Daveri, Francesco; Faini, Riccardo - C.E.P.R. Discussion Papers - 1996

Italies’: people, whenever they move, tend to bunch in the same location. Bunching would appear fundamentally at odds with the … desire to diversify risk. In this paper we provide a framework to reconcile both spatial bunching and the spread of migrants …

Persistent link: https://www.econbiz.de/10005124202

What is Firm Heterogeneity in Trade Models? The Role of Quality, Scope, Markups, and Cost

Hottman, Colin; Redding, Stephen J.; Weinstein, David E. - C.E.P.R. Discussion Papers - 2014

We estimate a structural model of heterogeneous multiproduct firms to examine the sources of firm heterogeneity emphasized in the recent trade and macro literatures. Using Nielsen barcode data on prices and sales, we estimate elasticities of substitution within and between firms, and use the...

Persistent link: https://www.econbiz.de/10011084590

'Be Nice, Unless it Pays to Fight': A New Theory of Price Determination with Implications for Competition Policy

Boone, Jan - C.E.P.R. Discussion Papers - 2002

This Paper introduces a simple extensive form pricing game. The Bertrand outcome is a Nash equilibrium outcome in this game, but it is not necessarily subgame perfect. The subgame perfect equilibrium outcome features the following comparative static properties. The more similar firms are, the...

Persistent link: https://www.econbiz.de/10005497960

Exclusionary Pricing in a Two-Sided Market

Motta, Massimo; Vasconcelos, Helder - C.E.P.R. Discussion Papers - 2012

In this paper we provide a new way of modelling two-sided markets, and we then use this model to study anti-competitive conduct in an asymmetric two-sided market which captures the main features of some recent antitrust cases. We show that below-cost pricing on one market side can allow an...

Persistent link: https://www.econbiz.de/10011084167

Alliances in the Air: Some Worldwide Evidence

Gagnepain, Philippe; Uribe, Marín; Luis, Pedro - C.E.P.R. Discussion Papers - 2005

We consider an empirical model of worldwide airlines’ alliances that we apply to a large set of companies for the period 1995-2000, with special attention to US and EU carriers. From the estimation of a cost, capacity and demand system that accounts for cross-price elasticities, we attempt to...

Persistent link: https://www.econbiz.de/10005666444

Welfare Trade-Offs in US Rail Mergers

Ivaldi, Marc; McCullough, Gerard - C.E.P.R. Discussion Papers - 2005

Since the publication by Williamson (1968) of his seminal paper on antitrust there has been a growing recognition by regulators of the need to assess trade-offs between merger-related efficiency gains and merger-induced increases in market power. This paper addresses that need by presenting a...

Persistent link: https://www.econbiz.de/10005123686

Dynamic Limit Pricing

Toxvaerd, Flavio - C.E.P.R. Discussion Papers - 2010

This paper studies a simple multi-period model of limit pricing under one-sided incomplete information. I characterize pooling and separating equilibria, determine conditions under which the latter exist and study under which conditions on the primitives the equilibria involve limit pricing. The...

Persistent link: https://www.econbiz.de/10008784731