By using general information structures and precision criteria based on the dispersion of conditional expectations, we study how oligopolists’ information acquisition decisions may change the effects of information sharing on the consumer surplus. Sharing information about individual cost...

By using general information structures and precision criteria based on the dispersion of conditional expectations, we study how oligopolists' information acquisition decisions may change the effects of information sharing on the consumer surplus. Sharing information about individual cost...

Many of the attributes that make a good "socially responsible" are credence attributes that cannot be learned by consumers either through search or experience. Consumers aggregate information about them from several channels (media, advertisement, NGOs, etc.). Since these sources may send...

The deployment of fibre based Next Generation Access Networks (NGANs) entails a crisis dilemma. During crisis, public administrations are eager to actively impulse investment in NGANs since the deployment of these networks may increase productivity in the long run and promote economic recovery...

In risky activities the extrinsic incentives for care are driven mainly by liability rules and by the asset levels of potential injurers. When the level of assets of the potential injurer is endogenous, we show that softer standards outperform the traditional standards based on first-best...

This paper reviews the Spanish situation regarding Next Generation Networks (NGNs) and analyzes some public initiatives undertaken by regional governments. The paper focuses on “Xarxa Oberta”, a public-private project to deploy NGNs in Catalonia that may be especially attractive for...

We study the standard economic model of unilateral accidents under the assumption that the injurers have limited assets. We identify a second-best optimal rule that selects as due care the minimum of first-best care and a level of care that takes into account the wealth of the injurer. We show...

Las Redes de Nueva Generación (Next Generation Networks, NGNs) basadas en fibra óptica están revolucionando el sector de las telecomunicaciones. Reemplazar el cobre por fibra permitirá mejorar drásticamente las prestaciones de las redes actuales, alcanzando velocidades de acceso de más de...