Results 21 to 30 of about 129 (90)
Data and Competition: A Simple Framework
The RAND Journal of Economics, Volume 56, Issue 4, Page 494-510, Winter 2025.ABSTRACT Does enhanced access to data foster or hinder competition among firms? Using a competition‐in‐utility framework that encompasses many situations where firms use data, we model data as a revenue‐shifter and identify two opposite effects: a mark‐up effect according to which data induces firms to compete harder, and a surplus‐extraction effect ...
Alexandre de Cornière, Greg Taylor
wiley +1 more source
Sensitivity versus size: Implications for tax competition
Theoretical Economics, Volume 20, Issue 3, Page 1007-1041, July 2025.The conventional wisdom is that a large jurisdiction sets a higher tax rate than a small jurisdiction. We show that this result arises due to simplifying assumptions that imply that tax‐base sensitivities are equal across jurisdictions. When more than two jurisdictions compete in commodity taxes, tax‐base sensitivities need not be equal across ...
David R. Agrawal +2 more
wiley +1 more source
Stochastic impatience and the separation of time and risk preferences
Theoretical Economics, Volume 20, Issue 3, Page 1043-1080, July 2025.We study how the separation of time and risk preferences relates to a property called stochastic impatience. We show that, within a broad class of models, stochastic impatience holds if and only if risk aversion and the inverse elasticity of intertemporal substitution are sufficiently close.
David Dillenberger +2 more
wiley +1 more source
Anticomonotonicity for preference axioms: The natural counterpart to comonotonicity
Theoretical Economics, Volume 20, Issue 3, Page 831-855, July 2025.Comonotonicity (same variation) of random variables minimizes hedging possibilities and has been widely used, e.g., in Gilboa and Schmeidler's ambiguity models. This paper investigates anticomonotonicity (opposite variation (AC)), the natural counterpart to comonotonicity. It minimizes leveraging rather than hedging possibilities.
Giulio Principi +2 more
wiley +1 more source
On the Public and Voluntary Provision of Public Goods
Journal of Public Economic Theory, Volume 27, Issue 3, June 2025.ABSTRACT We extend Bergstrom, Blume, and Varian's (1986) model to a non‐cooperative approach where voluntary contributions and taxes coexist to finance public goods. After obtaining the uniqueness of equilibrium, we present different properties of the outcomes, showing the role that the taxes play and the impact on voluntary contributions.
Emma Moreno‐García +1 more
wiley +1 more source
Monopoly pricing with unknown demand
The Scandinavian Journal of Economics, Volume 127, Issue 1, Page 235-285, January 2025.Abstract The optimal pricing of goods, especially when they are new and the innovating firm is a monopolist, must proceed without precise knowledge of the demand curve. This paper provides a pricing method with a relative robustness guarantee by maximizing a performance index which amounts to a worst‐case ratio of the obtained payoff to the best ...
Thomas A. Weber
wiley +1 more source
Antitrust rules and remedies against platforms' treacherous turns
European Law Journal, Volume 30, Issue 4, Page 629-652, December 2024.Abstract Digital platforms can take a ‘treacherous turn’, where they initially set advantageous terms and conditions only to reverse them once demand has become sticky. Transaction costs economics has long recognised the harm caused by such opportunism, especially in the presence of relation‐specific investments.
Friso Bostoen, Nicolas Petit
wiley +1 more source
Journal of Accounting Research, Volume 62, Issue 1, Page 7-54, March 2024.ABSTRACT The economic role of an accounting regime is to increase welfare through its effects—in conjunction with complementary institutions—on firm and household behavior. I review three major streams of the archival literature (real effects; price effects, including value relevance; and costly contracting), in terms of what they can and cannot reveal
RAY BALL
wiley +1 more source
Econometrica, Volume 92, Issue 1, Page 167-200, January 2024.We formulate an order over constraint sets , called the parallelogram order, which guarantees that argmin{p ⋅ x:x ∈ A} increases in the product order as A increases in the parallelogram order, for any vector . Using this result, we characterize the utility/production functions that lead to normal demand as well as the closely related class of ...
Paweł Dziewulski, John K.‐H. Quah
wiley +1 more source
Monotone Comparative Statics Under Uncertainty [PDF]
, 2009 This paper analyzes monotone comparative statics predictions in several classes of stochastic optimization problems. The main results characterize necessary and sufficient conditions for comparative statics predictions to hold based on properties of ...
Athey, Susan
core +1 more source