Showing 1 - 10 of 104
We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...
Persistent link: https://www.econbiz.de/10011376636
, We show that, in presence of licensing, the incentive for innovation may also be stronger under decentralized unions …
Persistent link: https://www.econbiz.de/10011346455
allocate his resources so as to direct his competition towards particular rivals -- we call such competition selective. The … setting can be applied to a wide variety of cases: competition between firms, competition between political parties, warfare …
Persistent link: https://www.econbiz.de/10011378872
We develop a method to measure the intensity of competition between firms. Our method, which we call the Best Response …
Persistent link: https://www.econbiz.de/10011284843
This paper sheds light on a recent empirical controversy about the effect of competition on price discrimination in … sales that is more skewed towards low prices. We show that whether competition has a positive or a negative effect on the …
Persistent link: https://www.econbiz.de/10010226097
We rationalize exclusive portfolio dealing in a novel three-period partial equilibrium framework populated by a representative, risk-neutral seller and a small number of ex ante identical broker-dealers. Endowed with independent, uncertain demand for a representative asset, the broker-dealers...
Persistent link: https://www.econbiz.de/10014496480
increase with the intensity of competition. We develop a new measure of competition for which we use the proximity (in … departure time) of a given flight to its competitors to infer the intensity of competition and estimate the impact of … competition on advance purchase discounts (APDs) and the dynamic pricing of airlines by exploiting plausibly exogenous changes in …
Persistent link: https://www.econbiz.de/10012251366
structure characterised by its extent of specialisation, competition and diversity, to yield innovation and productivity growth … (diversity) and Porter externalities (competition) that have provided alternative explanations for innovation and urban growth …Innovation and technological change are central to the quest for regional development. In the globally …
Persistent link: https://www.econbiz.de/10011372972
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...
Persistent link: https://www.econbiz.de/10011317468
this controversy using a model of regional growth. The model also deals with the impact of local competition on innovation …The importance of knowledge spillovers for achieving innovation and economic growth is widely recognized. It is not … competition is important particularly for economic growth in industry sectors (manufacturing and construction), while diversity, a …
Persistent link: https://www.econbiz.de/10011326960