This Paper analyses endogenous price leadership in a duopolistic market with differentiated products and symmetrically informed firms. We study the effects of deadlines and discounting in a standard endogenous leadership model. We show that there will be occasional changes in the identity of the...

This paper studies advertising in vertically differentiated product markets with positive consumption externalities. In markets with consumption externalities, the value of the product to the consumer depends on the purchasing decisions of other consumers. In such markets, we show that firms...

The aim of this Paper is to demonstrate that advertising can have an important function in markets with consumption externalities, apart from its persuasive and informative roles. We show that advertising may function as a device to coordinate consumer expectations of the purchasing decisions of...

Objectives: To describe the variation in practice structure, financial arrangements, and utilization and quality management systems for eye care practices with managed care contracts. Study Design: Cross-sectional survey of 88 group and 56 solo eye care practices that contract with 6 health...

The aim of this small workshop of invited participants was to consider the prospects for the development of European air transport over the next two decades. It forms part of the air transport component of the EU's 4th Framework Programme's project MINIMISE (Managing Interoperability by...

Unknown-breakpoint tests for possible structural change have become standard in recent years, with the most popular being the so-called Sup-F tests, whose asymptotic distribution was derived by Andrews (1993). We highlight two problems that lead to poor performance when testing for structural...

There is an extensive theoretical literature that postulates a trade-off between child quantity and quality within a family. However, there is little causal evidence that speaks to this theory. Using a rich data set on the entire population of Norway over an extended period of time, we examine...

This report examines the current capacity of the EU’s airport infrastructure and highlights in a general way the main factors determining that capacity. In the report, the nature and the role of airport services are detailed and the multi-service networked industry that characterises airport...