demand. This paper provides a first assessment of the role of demand elasticity on the profit, consumer and welfare effects … that this benefit is independent of elasticity. In contrast to the welfare results derived under the unit demand assumption …, where BBPD is always bad for welfare, the paper shows that BBPD can be welfare enhancing if demand elasticity is …

responsibility designations and vertical contracts on seller service provision, firm profitability, and social welfare. During our … large positive shift that coincided with the vertical change, consistent with improved retail customer service. Welfare …

spillovers. Our results suggest that the relationship between additionality and welfare may not be straightforward. …

The welfare implications of direct-to-consumer advertising (DTCA) have garnered considerable attention and are … prescription drugs. I then use the estimated parameters of the model to compute the impact on consumer welfare that results from … indicate increased levels of consumer welfare due to presence of DTCA in comparison to the absence of DTCA. The results also …

measure “quality markups” and the welfare consequences of endogenous product quality in U.S. cable television markets. Related …

of first offer can increase the joint surplus for the seller and the contracted buyer, as well as social welfare, depends …