Monopolistic competition ≈ Monopolistic competition
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Monopolistic Competition and Optimum Product Diversity under Firm Heterogeneity Open
Empirical work has drawn attention to the high degree of productivity differences within industries and their role in resource allocation. This paper examines the allocational efficiency of such markets. Productivity differences introduce …
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Who Pays for the Minimum Wage? Open
This paper provides a comprehensive assessment of the margins along which firms responded to a large and persistent minimum wage increase in Hungary. We show that employment elasticities are negative but small even four years after the ref…
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The Elusive Pro-Competitive Effects of Trade Open
We study the gains from trade liberalization in models with monopolistic competition, firm-level heterogeneity, and variable markups. For a large class of demand functions used in the international macro and trade literature, we derive a p…
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How New HRM Practices, Organizational Innovation, and Innovative Climate Affect the Innovation Performance in the IT Industry: A Moderated-Mediation Analysis Open
Considering the cutthroat competition in IT organizations, public and state-based organizations are trying to develop strategies to promote innovation in the organizations. However, due to monopolistic structure, employee rigidness, and la…
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What Are the Labor and Product Market Effects of Automation?: New Evidence from France Open
We use comprehensive micro data in the French manufacturing sector between 1994 and 2015 to document the effects of automation technologies on employment, wages, prices and profits. Causal effects are estimated with event studies and a shi…
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China-USA Business Review Open
It is the purpose of this paper to explore the emergence of a new form of web-based company and how the new organisational form is able to access multiple-markets and industries by exploiting the benefits of a platform ecosystem business m…
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Market Power and Inequality: The Antitrust Counterrevolution and its Discontents Open
In recent years, economic inequality has become a central topic of public debate in the United States and much of the developed world. The popularity of Thomas Piketty’s nearly 700-page tome, Capital in the Twenty-First Century, is a testa…
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Naïveté-Based Discrimination* Open
We initiate the study of naïveté-based discrimination, the practice of conditioning offers on external information about consumers’ naïveté. Knowing that a consumer is naive increases a monopolistic or competitive firm's willingness to gen…
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Theories of agglomeration and regional economic growth: a historical review Open
Theoretically, economic geography, new economic geography (NEG) and urban economics share much common ground. Several criticisms of the monopolistic modelling logic of NEG have come from economic geography schools of thought as well as fro…
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International Trade with Indirect Additivity Open
We develop a general equilibrium model of trade that features “indirectly additive” preferences and heterogeneous firms. Monopolistic competition generates markups that are increasing in firm productivity and in destination country per cap…
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Preferences, entry, and market structure Open
We provide a unified approach to imperfect (monopolistic, Bertrand, and Cournot) competition when preferences are symmetric over a finite but endogenous number of goods. Markups depend on the Morishima elasticity of substitution and on the…
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Vertical Integration as a Self-Enforcing Contractual Arrangement Open
A recent wave of large vertical mergers presents a challenge to established theories of vertical integration. The large mergers that have occurred in the pharmaceutical industry between drug manufacturers and companies that manage drug ins…
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Inequality, poverty and the privatization of essential services: A ‘systems of provision’ study of water, energy and local buses in the UK Open
This paper is concerned with the distributional effects of the deregulation and privatization of essential services in Britain since the 1980s, based on a cross-sector study of water, energy and local bus transport. Our approach locates en…
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Customer Satisfaction and Firm Profits in Monopolies: A Study of Utilities Open
There is a growing body of evidence that customer satisfaction is predictive of firms’ future financial performance. However, studies of this relationship have been limited to competitive markets, and monopolistic markets have been largely…
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Alternative seafood marketing systems foster transformative processes in Mediterranean fisheries Open
Altres ajuts: acords transformatius de la UAB
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The African Continental Free Trade Agreement Open
In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and services and is expected t…
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Heterogeneous Firms and the Micro Origins of Aggregate Fluctuations Open
This paper evaluates the impact of idiosyncratic productivity shocks to individual firms on aggregate output. Two sources of firm-level heterogeneity contribute to aggregate fluctuations: (i) asymmetries in supplier-buyer relationships and…
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Monopoly Power and Endogenous Product Variety: Distortions and Remedies Open
The inefficiencies related to endogenous product creation and variety under monopolistic competition are two-fold: one static—the mis-alignment between consumers and producers regarding the value of a new variety; and one dynamic—time vari…
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Testing the Role of Trade on Carbon Dioxide Emissions in Portugal Open
This article considers the relationship between trade intensity, energy consumption, income per capita, and carbon dioxide emissions from 1970–2016 for the Portuguese economy. Considering the arguments of monopolistic competition, the arti…
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GTAP-HET: Introducing Firm Heterogeneity into the GTAP Model Open
Computable General Equilibrium (CGE) models incorporating firm heterogeneity can overcome the shortcomings of traditional Armington-based models in explaining changes in productivity and variety in the wake of reduced trade costs. In this …
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Economical Feasibility of Rare Earth Mining outside China Open
Although rare earth deposits are found on all continents, China produces more than 90% of all globally used rare earth metals. Besides its economic dominance, China has also gained a monopolistic know how position in Rare Earth Elements pr…
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Tax Policy, Environmental Concern and Level of Emission Reduction Open
Regulators often use environmental policy to induce green initiatives by firms. This paper examines the emission-reduction-inducement effect of the environmental tax deduction (ETD) incentive by Stackelberg game models between an environme…
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From platform dominance to weakened ownership: how external regulation changed Finnish e-identification Open
Background There is substantial interest among scholars in digital platforms and the ecosystems around them. Digital platforms are open, continuously evolving, sociotechnical structures that can be sensitive to various changes. Aim We take…
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Hybrid Marketplaces with Free Entry of Sellers Open
We study a hybrid marketplace such as Amazon that sells its own products and sets commissions on third-party sellers that engage in monopolistic competition with free entry. For a large class of microfoundations based on a representative a…
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The Dominant Motives of Mergers and Acquisitions in the Energy Sector in Western Europe from the Perspective of Green Economy Open
The aim of the research, the results of which are used in this publication, was to identify the motives for mergers and acquisitions in the energy sector after the introduction of green economy elements in Western Europe. The mentioned reg…
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Value Added and Productivity Linkages Across Countries Open
What is the relationship between international trade and business cycle synchronization? Using data from 40 countries, we find that GDP comovement is significantly associated with trade in intermediate inputs but not with trade in final go…
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Hybrid platform model: monopolistic competition and a dominant firm Open
We model a platform controlling the variety and prices of the products it hosts via a percentage fee on sellers and choosing whether to sell its own products (hybrid mode). We derive a mixed market demand system for differentiated products…
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Experiences of introducing a quasi-market in Swedish primary care: fulfilment of overall objectives and assessment of provider activities Open
Health care as any other public service is subject to many potentially conflicting objectives and many actors. Over time, the traditional goal of health care systems of distributive justice has been accompanied by other objectives and heal…
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How to charge doctors and price medicines in a two-sided online healthcare platform with network externalities? Open
Platform business models are upending the value proposition of the companies in traditional industries, such as healthcare, through competitively pricing value-added services and products. In this study, we consider a unique, but important…
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Managerial Economics & Business Strategy Open
The fundamentals of managerial economics market forces - demand and supply quantitative demand analysis thetheory of individual behaviour the production process and costs the organization of the firm the nature of industry managing in comp…