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demand curves: the demand for the print medium and the demand for advertising space. Publicly available data on German women … coincide well with those of industry sources, magazines with a high circulation elasticity of advertising demand price markedly … below marginal cost and website provision neither has a significant effect on magazine nor on advertising demand. Keywords …
Persistent link: https://www.econbiz.de/10013428493
1980s and further developed in the 1990s. Thus, in this article, building on structural models of demand and supply and on … illustrate those differences, we report the results of a Monte Carlo experiment using three demand specifications: isoelastic …, linear and linearized Almost Ideal Demand System (AIDS), all of them in a two-stage budget setting. We conclude that the …
Persistent link: https://www.econbiz.de/10012053324
This paper characterizes the short- and long-run Cournot equilibrium with heterogeneous firms and stochastic technological change. In our model, firms have different technologies with heterogeneous fixed and variable costs and various degrees of markups. In a framework with homogeneous firms,...
Persistent link: https://www.econbiz.de/10015324387
framework at the industry level of aggregation. We use a model in which R&D affects both, demand and cost conditions. An …
Persistent link: https://www.econbiz.de/10013428421
differentiation in the production function estimation, I include plant-level prices and employ car characteristics as demand …
Persistent link: https://www.econbiz.de/10014631791
This article studies the effects of consumer information on the intensity of competition. In a two dimensional duopoly model of horizontal product differentiation, firms use consumer information to price discriminate. I contrast a full privacy and a no privacy benchmark with intermediate regimes...
Persistent link: https://www.econbiz.de/10012425308
wayto partial out demand shocks; we are thus able to show that while market-powerbanks charge higher loan rates, they spare …
Persistent link: https://www.econbiz.de/10012322286
This study investigates the bank competition-stability nexus using a unique regulatory dataset provided by the Deutsche Bundesbank over the period 1994 to 2010. First, we use outright bank defaults as the most direct measure of bank risk available and contrast the results to weaker forms of bank...
Persistent link: https://www.econbiz.de/10009792985
additionally estimate a patient demand model that reveals that prices have little impact on the choice of provider while the …
Persistent link: https://www.econbiz.de/10012503092
This paper studies the welfare effects of wholesale price discrimination between downstream firms operating under different regulatory systems. I model a monopolistic intermediate good market in which production cost differences between downstream firms may be due to regulatory or technological...
Persistent link: https://www.econbiz.de/10012145225