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Trade Elasticities: The Significance of Trade Barriers, Multinationals and Market Structure AgEcon
Ahmadi-Esfahani, Fredoun Z.; Anderson, Glenn Michael.
The elasticity of price transmission measures the extent to which a change in world prices will be transmitted to an importing country, with an elasticity of less than one being attributed to trade barriers. Recent research highlights the role that multinational trading companies may play in impeding price transmission. Further, in markets characterised by monopolistic competition an estimate of the partial elasticity of demand may be of limited practical value if no account is taken of the reaction of competitors. In this paper the potential for market structure to affect price transmission and trade elasticities is demonstrated. The elasticity of price transmission has been central to a revised approach to estimation of trade elasticities and has been...
Tipo: Presentation Palavras-chave: Elasticity; Price transmission; Trade barriers; Monopolistic competition; International Relations/Trade.
Ano: 1999 URL: http://purl.umn.edu/122328
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Measuring the Benefits to Advertising under Monopolistic Competition AgEcon
Boland, Michael A.; Crespi, John M.; Silva, Jena; Xia, Tian.
This paper determines the benefits and costs of firm-level advertising in a monopolistically competitive industry. The model is useful in an environment in which firm-level costs may be absent or imprecise. The empirical example uses data on the advertising for a new line of prune snacks by Sunsweet Growers between 2008 and 2010, revealing average benefit-cost estimates from $1.26 to $4.35 for every dollar allocated to the new product line.
Tipo: Article Palavras-chave: Advertising; Benefit-cost analysis; Industrial organization; Monopolistic competition; Agricultural marketing; Agricultural Finance; Financial Economics; Marketing.
Ano: 2012 URL: http://purl.umn.edu/122308
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PUBLIC BASIC RESEARCH AND DIFFUSION OF RESEARCH BENEFITS AgEcon
Malla, Stavroula; Gray, Richard S..
The paper examine the economic impact of pricing and access to basic research IP. The analysis uses a Sallop circle model of a monopolistically competitive industry to examine the applied research output and firm entry. Under plausible conditions basic research IP spillovers will create rents for the applied research sector, which are dissipated through socially excess firm entry. Charging a price or restricting access to basic research IP could enhance social welfare.
Tipo: Conference Paper or Presentation Palavras-chave: Pricing; Intellectual property; Downstream effects; Basic research; Monopolistic competition; Rent dissipation; Toll goods; Research and Development/Tech Change/Emerging Technologies.
Ano: 2007 URL: http://purl.umn.edu/9877
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