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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 ...