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On efficiency, concentration and welfare

BOCCARD, Nicolas - Center for Operations Research and Econometrics (CORE), … - 2009

The welfare impact of a merger involves the market power offense and the efficiency defense. Salant et al. (1983) show that mergers among symmetric firms are unprofitable except for monopolization. We characterize the limit to this merger paradox in a simple linear Cournot oligopoly with...

Persistent link: https://www.econbiz.de/10008494368

A primer on R&D cooperation among firms

Marinucci, Marco - Banca d'Italia - 2012

This paper provides an introduction to the economic analysis of R&D cooperation among firms. Basing on some stylized facts, we survey the relevant theoretical literature in order to discuss the benefits and the costs that firms face when they cooperate in R&D. We then analyze the pros and the...

Persistent link: https://www.econbiz.de/10011105128

When is concentration beneficial? Evidence from U.S. manufacturing

López, Rigoberto A.; López, Elena; Liron-Espana, Carmen - Departamento de Economía, Facultad de Ciencias … - 2009

This article estimates the impact of industrial concentration on market power and cost and then links the ensuing … indicate that further increases in concentration would enhance welfare in 70% of the industries due to widespread efficiency … gains, although these would generally not be passed on to consumers. From a social standpoint, further concentration is more …

Persistent link: https://www.econbiz.de/10005059124

Economic diversity and the resilience of cities

de Soyres, François; Fuchs, Simon; Kondo, Illenin O.; … - 2025

following negative shocks. In contrast, more economic concentration begets a modestly larger increase in gross worker flows …

Persistent link: https://www.econbiz.de/10015394128

Economic diversity and the resilience of cities

Soyres, François de; Fuchs, Simon; Kondo, Illenin O.; … - 2025

following negative shocks. In contrast, more economic concentration begets a modestly larger increase in gross worker flows …

Persistent link: https://www.econbiz.de/10015333044

Strategic Outsourcing with Technology Transfer

Kabiraj, Tarun; Sinha, Uday Bhanu - Centre for Development Economics, Delhi School of Economics - 2011

We analyze the outsourcing decision of a firm for a key input of a final good production to an independent input supplier even though the firm has an option of producing that key input in-house at a lower cost with a better technology. We find that for smaller technology gap with the independent...

Persistent link: https://www.econbiz.de/10009283227

Strategic outsourcing with technology transfer under price competition

Kabiraj, Tarun; Sinha, Uday Bhanu - Volkswirtschaftliche Fakultät, … - 2014

We construct a model to show that outsourcing of a crucial input can occur even though it can be produced in-house at a lower cost. There are two firms producing differentiated goods and competing in prices, and only one of them possesses input production technology which is superior to that of...

Persistent link: https://www.econbiz.de/10011113636

How to Win Twice at an Auction: On the Incidence of Commissions in Auction Markets

Ginsburgh, Victor; Legros, Patrick; Sahuguet, Nicolas - C.E.P.R. Discussion Papers - 2005

We analyse the welfare consequences of an increase in the commissions charged by intermediaries in auction markets. We argue that while commissions are similar to taxes imposed on buyers and sellers the question of incidence deserves a new treatment in auction markets. We show that an increase...

Persistent link: https://www.econbiz.de/10005136415

How to win twice at an auction. On the incidence of commissions in auction markets

GINSBURGH, Victor; LEGROS, Patrick; SAHUGUET, Nicolas - Center for Operations Research and Econometrics (CORE), … - 2005

We analyze the welfare consequences of an increase in the commissions charged by intermediaries in auction markets. We argue that while commissions are similar to taxes imposed on buyers and sellers the question of incidence deserves a new treatment in auction markets. We show that an increase...

Persistent link: https://www.econbiz.de/10005043209

Competition Among the Big and the Small

Shimomura, Ken-Ichi; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2009

Armchair evidence shows that many industries are made of a few big commercial or manufacturing firms, which are able to affect the market outcome, and of a myriad of small family-run businesses with very few employees, each of which has a negligible impact on the market. Examples can be found in...

Persistent link: https://www.econbiz.de/10005048555