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Quality Competition and Social Welfare in Markets with Partial Coverage: New Results

Article Abstract:

A vertical product differentiation model was used to analyze duopoly equilibrium and social welfare optimum under partial market coverage when quality provision convex costs are either variable or fixed with regard to production. Results and interrelationships are discussed.

Author: Koskela, Erkki, Ollikainen, Markku, Amacher, Gregory S.
Publisher: Blackwell Publishers Ltd.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 2005
Economic aspects, Social service, Duopolies, Social welfare

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Agency Cost of Debt and Credit Market Imperfections: A Bargaining Approach

Article Abstract:

Findings by the authors do no support the notion that a trade-off would exist between higher agency debt finance costs and lower credit market imperfections, as the threshold for loan finance obtainment is independent of the financier's relative bargaining power.

Author: Stenbacka, Rune, Koskela, Erkki
Publisher: Blackwell Publishers Ltd.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 2004
Debt financing (Corporations), Debt financing, Credit market, Credit markets, Cost (Economics), Costs (Economics)

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The Game Academics Play: Comment

Article Abstract:

The interaction between authors and editors is used to illustrate an equilibrium model of journal quality. Clarifications are presented for conditions under which quality responds to the impatience of authors and editors.

Author: Goel, Rajeev K.
Publisher: Blackwell Publishers Ltd.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 2006
Periodicals, Periodical publishing

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Subjects list: Models, Tests, problems and exercises, Comparative analysis, Equilibrium (Economics), Econometric models
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