Analyzing Cost Efficient Production Behavior Under Economies of Scope: A Nonparametric Methodology In designing a production model for firms that generate multiple outputs, we take as a starting point that such multi-output production refers to economies of scope, which in turn originate from joint input use and input externalities. We provide a nonparametric characterization of cost efficient ...

Firms sometimes comply with externality-correcting policies by gaming the measure that determines policy. This harms buyers eroding information, but it benefits them when cost savings are passed through into prices. We develop a model highlights this tension and use to analyze of automobile carbon emission ratings in EU. document startling increases using novel data. then effects calibrated sim...

BACKGROUND The inverse relation between energy density (kcal/g) and energy cost (price/kcal) has been interpreted to suggest that produce (fruit, vegetables) is more expensive than snacks (cookies, chips). OBJECTIVE The objective of this study was to show the methodologic weakness of comparing energy density with energy cost. DESIGN The relation between energy density and energy cost was re...

We study a system of replicable (identical) cities with un-priced traffic congestion where each city requires a minimum investment in infrastructure setup costs. We consider alternative planning regimes (or, equivalently, market with profit-maximizing developers), differing from each other according to the public policy for financing the infrastructure. These policies play two roles: 1) providi...

This paper proposes a business model for providing services based on the Internet of Things through a platform that intermediates between human users and Wireless Sensor Networks (WSNs). The platform seeks to maximize its profit through posting both the price charged to each user and the price paid to each WSN. A complete analysis of the profit maximization problem is performed in this paper. W...

Channel selection is a critical trade-off for digital products firms whose are characterized by network externality. This work develops the models of consumers’ utility impacted externality two channel strategies product in two-sided market: direct strategy and platform strategy. Deriving from utility, optimization presented. The solved through Lagrangian method, comparative statics analysis co...

This paper investigates howconcern for the environment translates into predictable patterns of consumer behavior. Two types of behavior are considered. First, individuals who care about environmental quality may voluntarily restrain their consumption of goods and services that generate a negative externality. Second, individuals may choose to pay a price premium for goods and services that are ...

iran is one of the most energy-rich countries subsidizing energy carriers, especially in the agricultural sector, to the extent that the resulting growth is at the expense of the environment. this study tries to investigate the potential impacts of energy price reform on the agro-environment, based on the marginal abatement costs (macs) of emissions. firstly, the energy demand function of the a...

We use bank retail interest rates as price examples in a study of the determinants of price durations. The extraordinary richness of the data allows us to address some major open issues from the price rigidity literature, such as the functional form of the hazard of changing a price, the effect of firm and market characteristics on the duration of prices, and asymmetry in the speed of adjustmen...