全球智库信息集成服务系统(G2TT): DP7418 Money is an Experience Good: Competition and Trust in the Private Provision of Money

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP7418
	DP7418 Money is an Experience Good: Competition and Trust in the Private Provision of Money
	Ramon Marimon; Pedro Teles; Juan Pablo Nicolini
发表日期	2009-08-16
出版年	2009
语种	英语
摘要	Armchair evidence shows that many industries are made of a few big commercial or manufacturing firms, which are able to affect the market outcome, and of a myriad of small family-run businesses with very few employees, each of which has a negligible impact on the market. Examples can be found in apparel, catering, publishers and bookstores, retailing, finance and insurances, and IT industries. We provide a new general equilibrium framework that encapsulates both market structures. Due to the higher toughness of the market, the entry of big firms leads them to sell more through a market expansion effect, which is generated by the exit of small firms. Furthermore, the level of social welfare increases with the number of oligopolistic firms because the procompetitive effect associated with the entry of a big firm dominates the resulting decrease in product variety.
主题	Industrial Organization
关键词	Oligopoly Monopolistic competition Product differentiation Welfare
URL	https://cepr.org/publications/dp7418
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/536255
推荐引用方式 GB/T 7714	Ramon Marimon,Pedro Teles,Juan Pablo Nicolini. DP7418 Money is an Experience Good: Competition and Trust in the Private Provision of Money. 2009.