| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP7736
|
| DP7736 Optimal market design |
| jan boone; Jacob K. Goeree
|
| 发表日期 | 2010-03-14
|
| 出版年 | 2010
|
| 语种 | 英语
|
| 摘要 | This paper introduces three methodological advances to study the optimal design of static and dynamic markets. First, we apply a mechanism design approach to characterize all incentive-compatible market equilibria. Second, we conduct a normative analysis, i.e. we evaluate alternative competition and innovation policies from a welfare perspective. Third, we introduce a reliable way to measure competition in dynamic markets with non-linear pricing. We illustrate the usefulness of our approach in several ways. We reproduce the empirical finding that innovation levels are higher in markets with lower price-cost margins, yet such markets are not necessarily more competitive. Indeed, we prove the Schumpeterian conjecture that more dynamic markets characterized by higher levels of innovation should be less competitive. Furthermore, we demonstrate how our approach can be used to determine the optimal combination of market regulation and innovation policies such as R&D subsidies or a weakening of the patent system. Finally, we show that optimal markets are characterized by strictly positive price-cost margins. |
| 主题 | Industrial Organization
|
| 关键词 | Competition measures
Competition policy
Dynamic markets
Mechanism design
Schumpeter
|
| URL | https://cepr.org/publications/dp7736
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536572
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推荐引用方式
GB/T 7714 |
jan boone,Jacob K. Goeree. DP7736 Optimal market design. 2010.
|
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