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Welfare Effects of Third-Degree Price Discrimination: Ippolito Meets Schmalensee and Varian
(2011-10)
Based on a pioneering work by Ippolito (1980) we construct a simple model wich allows the welfare effects of third-degree price discrimination to be well understood and explained. The decomposition of the change in welfare ...
Relocation and Investment in R&D by Firms
(2011)
The literature on foreign direct investment has analyzed firms’ location decisions when they invest in R&D to reduce production costs. Such firms may set up new plants in other developed countries while maintaining
their ...
Network formation under institutional constraints
(2011-05)
We study the effects of institutional constraints on stability, efficiency and network formation. An exogenous "societal cover" consisting of a collection of possibly overlapping subsets covering the set of players specifies ...
Minority Language and the Stability of Bilingual Equilibria
(2011)
We investigate a society with two official languages: A, shared by all individuals and B, spoken by a bilingual mirority. Thus, it is only B that needs t increase its population share, and therefore, only the language ...