Showing 1 - 10 of 37,301
higher free flow transport costs but is less prone to congestion (ample public transport capacity, parking etc.). Both … fixed costs. In the absence of any government regulation, there will be an asymmetric duopoly game that can be solved for a … congestion for the nearby subcentre. We study the welfare effects of a number of stylised policies by setting up a general model …
Persistent link: https://www.econbiz.de/10012733119
This paper presents a spatial model to study imperfect competition with congestion. The model is used to examine the … prices and wages and analyse the welfare impacts of congestion charging and infrastructure policies. This paper generalised … the literature on imperfect competition with differentiated products as well as the literature on congestion pricing with …
Persistent link: https://www.econbiz.de/10012734355
labor productivity and the housing market. Abolishing traffic congestion during rush hours leads to a more urbanized economy …
Persistent link: https://www.econbiz.de/10011996174
We analyze whether different learning abilities of firms with respect to general equilibrium effects lead to different levels of unemployment. We consider a general equilibrium model where firms in one sector compete à la Cournot and a real wage rigidity leads to unemployment. If firms consider...
Persistent link: https://www.econbiz.de/10009781719
We analyze whether different learning abilities of firms with respect to general equilibrium effects lead to different levels of unemployment. We consider a general equilibrium model where firms in one sector compete a la Cournot and a real wage rigidity leads to unemployment. If firms consider...
Persistent link: https://www.econbiz.de/10013320985
This paper explores the impact of product liability on vertical product differentiation when product safety is perfectly observable. In a two-stage competition, duopolistic firms are subject to strict liability and segment the market such that a low-safety product is marketed at a low price to...
Persistent link: https://www.econbiz.de/10010507682
This paper explores the impact of product liability on vertical product differentiation when product safety is perfectly observable. In a two-stage competition, duopolistic firms are subject to strict liability and segment the market such that a low-safety product is marketed at a low price to...
Persistent link: https://www.econbiz.de/10010509593
The economic effects of environmental taxes depend on the market structure. Under imperfect competition with free entry and exit, environmental taxes have an impact on economies of scale by changing the number and size of firms. Whether economies of scale rise or fall in a particular industry...
Persistent link: https://www.econbiz.de/10011445696
Taxation under oligopoly is analysed in a general equilibrium setting where the firms are large relative to the size of the economy and maximise the utility of their shareholders. It turns out that the model is an aggregative game, which simplifies the comparative statics for the effects of...
Persistent link: https://www.econbiz.de/10011471542
Using the coefficient of cooperation, we analyse the effect of cost asymmetries on collusive agreements when firms are able to coordinate on distinct output levels than the unrestricted joint profit maximization outcome. In this context, we first investigate the extent to which collusive...
Persistent link: https://www.econbiz.de/10013243009