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Showing 1 to 3 of 3 for “"Endogenous Quality"”.

  1. Welfare Effects Of Industrial Policies Under Asymmetric Oligopoly And Endogenous Quality

    … as they engage in Bertrand competition involving quality and price. It answers the question: Does helping a minor firm reduce welfare? Using a different framework than the existing literature, I examine the following: 1. The welfare effect of a reduction in the R\&D cost parameter induced by …

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  2. An Empirical Study of the Causes and Consequences of Mergers in the Canadian Cable Television Industry

    … (2002) model of multi-product monopoly with endogenous quality and prices. Using the estimated model I compute the impact mergers have on welfare. I find that both consumer and producer surplus rise with acquisitions. I also show that accounting for changes both in prices and products (i.e., …

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  3. Three essays in economics and finance

    "This dissertation consists of three essays. The first essay is joint work with Dan Bernhardt. We endogenize entry to a security-bid auction, where participation is costly, and bidders must decide given their private valuations whether to participate. We first suppose that the minimum reserve …

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