Showing 1 - 10 of 471
We analyze spying out a rival’s price in a Bertrand market game with incomplete information. Spying transforms a simultaneous into a robust sequential moves game. We provide conditions for profitable espionage. The spied at firm may attempt to immunize against spying by delaying its pricing...
Persistent link: https://www.econbiz.de/10012892109
zero effort) and not accepting (and exerting her optimal effort). In some cases, the competition between players and the …
Persistent link: https://www.econbiz.de/10012841589
In this paper we show how an upstream firm can prevent destructive competition among downstream firms producing …
Persistent link: https://www.econbiz.de/10010264075
We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … to the steady state. While fiercer competition (lower transportation costs or less sluggish demand) leads to higher … quality in both solutions, the quality response to increased competition is weaker when players use feedback strategies. …
Persistent link: https://www.econbiz.de/10010266064
This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in … competition leads to a decrease in trustworthiness, especially among partners. We argue that once competition comes into play …
Persistent link: https://www.econbiz.de/10010274051
The COVID-19 pandemic has had a dramatic impact on families’ lives, with parents all over the world struggling to meet the increased demands of housework, childcare and home-schooling. Much of the additional burden has been shouldered by women, particularly in countries with a traditionally...
Persistent link: https://www.econbiz.de/10013224076
This paper explores patterns of quality differentiation and specialization relying on model-level panel data of retail sales and prices of refrigerators across 23 countries in the European Union. Unlike customs data aggregated at the product category, typically used in the literature,...
Persistent link: https://www.econbiz.de/10013245628
Following Garicano (2000), we consider groups whose members decide what knowledge to acquire and how to use this knowledge in production. If efficient production requires common knowledge, all group members should become workers and acquire common knowledge. But if efficient production requires...
Persistent link: https://www.econbiz.de/10013250738
In this paper, we construct an elaborate general equilibrium model with a continuum of production fragments for an intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical specialization and trade on growth and inequality for a small...
Persistent link: https://www.econbiz.de/10013314672
containerization, our quantitative model featuring endogenous port development also implies i) sizeable welfare costs associated with … the increased land-usage of ports, and ii) sizeable gains from cities’ endogenous specialization across port- and non-port … activities. These mechanisms are particularly important for targeted port development policies, which we illustrate by evaluating …
Persistent link: https://www.econbiz.de/10013322013