This paper studies the incentives and the welfare effect of sharing firm-specific information in asymmetric Cournot and Bertrand oligopoly with mixed substitute and complement goods. Revealing firm-specific cost information is the dominant strategy in Cournot oligopoly, while concealing is so in...

This paper considers three linear asymmetric oligopoly models with (i) a representative consumer, (ii) horizontal differentiation and (iii) vertical differentiation. We show that firms could maximize the joint-profit only based on private and aggregate information. They can choose the...

This paper compares Cournot and Bertrand equilibria with mixed products, linear demand and cost functions. It is found that a firm's price (output) need not be higher (lower) in Cournot equilibrium. However, given any number of firms and a mixture of complement and substitute products, every...

Using a simple method we show that, in contrast to the case of Bertrand and Cournot competition, better public information about demand reduces the profits of firms playing a R&D cost reduction game. Welfare increases with the precision of public information in the Cournot and cost reduction...

Capital income subsidies, and reliance on indirect consumption taxes have created an increasingly regressive overall tax system in the UK, US and elsewhere, with proportionately much greater impact on the poor than on the rich, and welfare cuts under ten years of austerity have had the largest...

Cet article analyse le processus de transformation affectant les entreprises dans les nouveaux Länder et propose une comparaison avec les processus de même nature observés dans d’autres pays anciennement socialistes. L’auteur explique comment ces entreprises ont abordé et surmonté le...

This documentation provides an overview of the Kaisha Database, a database consisting of annual accounts data of Japanese manufacturing firms. The documentation is aimed at enabling the researcher interested in the database to work independently. The structure as well as the procedures used to...

Der Beitrag untersucht den Transformationsprozeß von Unternehmen in den neuen Bundesländern und stellt Bezüge zu dem in anderen ehemals sozialistischen Ländern her. Der Autor erklärt, wie diese Unternehmen den Transformationsprozeß vom volkseigenen Betrieb im sozialistischen...