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A Theory of Rent Seeking with Informational Foundations

Lagerlöf, Johan N. M. - C.E.P.R. Discussion Papers - 2006

microfoundations, the welfare consequences of rent seeking can be studied. In particular, I show that competition among rent seekers …

Persistent link: https://www.econbiz.de/10005788985

Welfare Analysis of Regulating Mobile Termination Rates in the UK (with an Application to the Orange/T-Mobile Merger)

Harbord, David; Hoernig, Steffen - C.E.P.R. Discussion Papers - 2010

This paper presents results from a calibrated welfare model of the UK mobile telephony market which includes many … focuses on the short-run effects of adopting lower mobile termination rates (MTRs) on total welfare, consumer surplus and … rates), increases social welfare, consumer surplus and networks’ profits. Depending on the strength of call externalities …

Persistent link: https://www.econbiz.de/10008468563

Quality Pricing-to-Market

Auer, Raphael; Chaney, Thomas; Sauré, Philip - C.E.P.R. Discussion Papers - 2014

We examine firm's pricing-to-market decisions in vertically differentiated industries featuring a large number of firms that compete monopolistically in the quality space. Firms sell goods of heterogeneous quality to consumers with non-homothetic preferences that differ in their income and thus...

Persistent link: https://www.econbiz.de/10011083682

The Political Economy of the (Weak) Enforcement of Sales Tax

Besfamille, Martin; De Donder, Philippe; Lozachmeur, … - C.E.P.R. Discussion Papers - 2009

The objective of this paper is to understand the determinants of the enforcement level of indirect taxation in a positive setting. We build a sequential game where individuals differing in their willingness to pay for a taxed good vote over the enforcement level. Firms then compete à la Cournot...

Persistent link: https://www.econbiz.de/10005666843

The Marginal Cost of Public Funds in Developing Countries: An Application to 38 African Countries

Auriol, Emmanuelle; Warlters, Michael - C.E.P.R. Discussion Papers - 2006

goods have low MCFs. This suggests that welfare could be improved by increased reliance on VATs and reduced reliance on …

Persistent link: https://www.econbiz.de/10005124022

Price Wars in Finite Sequential Move Price Competition

Wallner, Klaus - C.E.P.R. Discussion Papers - 2001

This Paper characterises the unique Markov equilibrium in the sequential move, finite horizon pricing duopoly with discounting. Simple, short cycles repeat until the last two periods. For discount factors above 0.75488, there are three-period reaction function cycles and below 0.75488,...

Persistent link: https://www.econbiz.de/10005504324

Licensing the Market for Technology

Arora, Ashish; Fosfuri, Andrea - C.E.P.R. Discussion Papers - 1999

In technology-based industries, incumbent firms often license their technology to other firms that will potentially compete with them. Such a strategy is difficult to explain within traditional models of licensing. This paper extends the literature on licensing by relaxing the assumption of a...

Persistent link: https://www.econbiz.de/10005504351

Technology Transfer and Spillovers in International Joint Ventures

Müller, Thomas; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2003

This paper analyzes the effects of a potential spillover on technology transfer of a multinational enterprise and on the host country policy. In particular, we examine how both parties’ incentives can be controlled through the ownership structure in an international joint venture. In contrast...

Persistent link: https://www.econbiz.de/10005504408

Price Competition in a Differentiated Products Duopoly Under Network Effects

Griva, Krina; Vettas, Nikolaos - C.E.P.R. Discussion Papers - 2004

We examine price competition under product-specific network effects, in a duopoly where the products are differentiated horizontally and vertically. When consumers' expectations are not affected by prices, firms may share the market equally, or one firm (possibly the low-quality one) may capture...

Persistent link: https://www.econbiz.de/10005504598

Barter For Price Discrimination?

Guriev, Sergei; Kvassov, Dmitry - C.E.P.R. Discussion Papers - 2000

Unprecendented growth of barter is a striking phenomenon of Russia's transition. The explanations of barter include tight monetary policy, tax evasion and poor financial intermediation. We show that the market power may also be important. We build a model of imperfect competition in which firms...

Persistent link: https://www.econbiz.de/10005504640