A durable-goods monopolist may use quality degradation as a commitment not to lower price in the future. The introduction of damaged goods expedites lowvaluation consumers’ future demands, and helps the firm to mitigate the Coasian time-consistency problem. In such a case, damaged goods are more likely to be observed relative to the static setting where only the price-discrimination aspect of q...

The impact of redistributive policies on voluntary contributions is still not well understood. While a higher level of redistributive taxation decreases the price of voluntary giving, it also changes the income distribution by decreasing income inequality. This paper provides a controlled laboratory experiment to investigate the net impact of the tax rate on public goods provision. The experime...

This paper applies an extended version of the superior goods model to the UK car market. The model involves the estimation of separate equations for the demand for new cars and the rental price of used cars. We have allowed for the direct influence of quality on car demand by using a measure derived from hedonic price equations. We have employed three measures of the user cost, reflecting diffe...

Competing theories argue, respectively, that more trade reduces, increases, or does not affect interstate military conflict. We offer a new general theory on how trade affects conflict, which encompasses the liberal logic and the neo-Marxist/neo-mercantilist mechanism of asymmetric dependence and offers alternative explanations to the effects predicted by the bargaining and classical realist ap...

In a laboratory experiment with salient rewards, subjects were endowed with money and waiting time. Preferences for waiting time were elicited both as a private good by means of a series of second price auctions, i.e., in a non-induced values framework, and as a public good in the scope of a voluntary contribution game. Our data supports the Lindahl equilibrium as a descriptive model of behavio...

I n France, complementary health insurance, with the exception of CMU-C1 is privately funded. It covers health care and medical goods expenditures not covered by the Statutory Health Insurance scheme, also referred to as out-of-pocket (OOP) payments. Between 1980 and 2008, OOP payments increased from 217 € to 547 € per person per year, at comparative price levels2 (EcoSanté, Health Expenditure ...

The Internet is perceived to increase market efficiency, and thus reduce price dispersion. Yet the empirical evidence to support this proposition is mixed. Internet retailers of homogeneous products may choose to actively differentiate their stores and offerings in order to avoid competing just on price. We explore how differentiation among these retailers affects pricing and web traffic. We pr...

Trade and food security discussions have changed significantly in recent years, reflecting a more general change in perspective on “the right price of food” (Swinnen 2011). Until 2007 the dominant view was that low prices for agricultural products were causing poverty and food insecurity among poor households in developing countries. Trade policy discussions emphasized the importance of reducin...

one of the main principles of resistance economy, is to support domestic production and limiting imports, especially in sectors where there is the possibility of import-substituting production .this requires adjustment of exact trade policies,and to achieve this, identifying the structure of imports demand function and also price and income elasticity of import demand is necessary.this necessit...