doi:10.1111/ecoj.12412Yongmin ChenUniversity of Colorado at Boulder and Zhejiang UniversityTianle ZhangLingnan UniversityJohn Wiley & Sons, LtdThe Economic JournalEntry and welfare in search markets. Chen Y,Zhang T. The Economic Journal . 2016...
We propose a model of firm dynamics featuring entry, exit, and multiproduct firms to understand the contribution of these dynamic factors in shaping the welfare and long-run productivity gains from removing distortions. We find that while the entry and exit of firms and their product-portfolio ...
“why do politicians and powerful social groups not make a deal with the rest of the society to choose the politics and institutions that maximize output or social welfare, and then redistribute parts of the gains to themselves?” He goes on to argue that the problem with such a solution is...
This observation about the importance of entry order can be used to study the value of coordination in markets where prices and competition amongst the sellers do not solve the problem. We employ a setting where there are equal numbers of sellers and buyers. The sellers are identical and each ...
Critics of welfare argue that the role of government should be to break down legal barriers to employment rather than use programs that directly provide cash or goods and services. For example, advocates of this approach would remove laws mandating minimu ...
Conversely, industries with low barriers to entry are more susceptible to new entrants, fostering greater competition, innovation, and consumer welfare. By considering entry barriers alongside other factors like buyer power and the threat of substitutes, businesses can gain deeper insights into the compe...
as a first step to understanding the broader issue of competition and welfare in healthcare markets. The authors also review conclusions from the empirical research in this area. To address these different issues, the authors start by defining the ‘players’ in the physicians' market (i.e., ...
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Consumer welfare can be increased through high competition. Answer and Explanation: All else equal, a firm would prefer blockaded entry to deterred entry. It is because in a blockaded entry, the players compete with each other as if......
Dutch Ministry for Health, Welfare and Sport: Vergoeding weesgeneesmiddelen voor de ziekte van Pompe en de ziekte van Fabry (Ministerial letter). 2013, URL: http://www.rijksoverheid.nl/regering/documenten-en-publicaties/kamerstukken/2013/01/30/kamerbrief-over-vergoeding-weesgeneesmiddelen-voor-...