Interaction of carbon and electricity prices under

Abstract not found

theory of sharecropping: the role of price behavior

parameters are estimated using the optimality conditions for equilibrium. The second step estimator is a simple simulated minimum distance estimator. The algorithm applies to a broad class of models, including industry competition models with both discrete and continuous controls such as the Ericson

COWLES FOUNDATION DISCUSSION PAPER NO. 937

This paper presents a spatial model to study imperfect competition with congestion. The model is used to examine the price and wage set-ting of subcenters of a city. Residents live in a city while they shop and work in subcentres. Each subcenter offers one differentiated product and one

Abstract A computable general equilibrium model is constructed with imperfect competition and with heterogeneous …rms, tastes, endowments, and technologies. The number of …rms in each market is endogenous. The equilibrium is shown to be unique and easily computed. Necessary and su¢ cient

In this paper I address two problems in the production function estimation litera-ture. The …rst problem is input endogeneity and the second is the use of deated sales as a proxy for output when there is imperfect competition. Using a demand system and allowing input demand to depend

This paper studies corporate governance when a ¯rm faces imperfect competition. We derive ¯rms ' decisions from utility maximisation by individuals. This reduces the usual monopoly distortion. We ¯nd that corporate governance can e®ect the equilibrium in the product (or input) markets

This paper offers a theoretical analysis of imperfect competition in certification markets. Firms that intend to engage in a regulated activity must produce third-party certification of compliance with prescribed regulations and standards. The certification service is provided by independent