Abstract: Digitization has vastly increased the amount of new music produced and, because of streaming, has raised the number of songs available directly to consumers. While enhanced availability has levelled the playing field between already-prominent and new artists, creators may now be highly dependent on platform decisions about which songs and artist to promote. With…
Abstract: In this paper we investigate the use of consumer surplus in monopoly when the consumption of the outside good cannot be smaller than a certain number and when the weights given in the social welfare function to consumers and the firm are different. We assume quasi-linear utility and constant returns to scale. We find…
Abstract A general finding in group contest is that there is an over-expenditure of effort, that is contests between groups generate very high individual efforts (and little free riding) compared to theoretical predictions. However, in the literature the way that the prize is shared ranges only between proportional sharing to egalitarian sharing. In many environments…
Abstract: I analyze how the loss aversion of consumers affects the strategies of the government and the incumbent to avoid commercial piracy and the price competition between the incumbent and the pirate. To that end, I develop a sequential duopoly model of vertical product differentiation with price competition in which consumers have a reference-dependent utility….
Abstract: This paper revisits the link between income inequality and social conflict. In spite of its plausibility such link is not finding any clear, strong empirical backing. We explore a particular variation around the basic rent-seeking model of conflict with the goal of obtaining predictions more aligned with evidence [see Esteban and Ray 2008, 2011…
Abstract El desarrollo del sector turístico ha evidenciado su relevancia a nivel agregado en términos de valor añadido y empleo generado. Sin embargo, la mayoría de los proyectos y políticas turísticas parten de una iniciativa local. La evaluación de su éxito requiere de un análisis local o regional que requiere del entendimiento del comportamiento de…
Abstract This paper models the inbound tourism demand of Thailand by focusing on six major tourism markets, including China, Malaysia, South Korea, Japan, Russia, and India. Several economics variables widely used in the demand modeling literature were adopted. Besides, additional variables pertaining to environmental and security aspect were considered and incorporated into our investigated model….
The management of fish stocks harvested by several countries is an important economic and political issue at the international level. It is estimated that the harvests of these fish stocks account for about one third of world marine harvests. The cooperative management of international shared fish stocks, through International Fisheries Agreements, has proven to be…
Abstract: This paper adds the standard input–output linkages into a multi-sector endogenous growth model to study the interaction effects between linkages and technology adoption for aggregate productivity and for income per capita. We show that the greater the intensity with which a good is used as input by other sectors, the smaller are the technology…
CANCELADO POR ENFERMEDAD DEL PONENTE. SE AVISARÁ CUANDO SE FIJE OTRA POSIBLE FECHA. ABSTRACT Relevant empirical findings point at the actual use of explicit (but imperfectly en- forceable) formal contracts by businesses alongside substantial informal dimensions in the relationship. In this paper we formally show the supporting role that formal contracts play for relational interactions. …
