323 research outputs found
Introduction : From Fundamentals to Advances in Crowdfunding Research and Practice
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A Comparison of the Wholesale Model and the Agency Model in Differentiated Markets
We compare the wholesale model and the agency model that characterise a vertical relation in a bilateral duopoly framework. Results suggest that the agency model may be regarded as an example of retailer power resale price maintenance and provide an economic view of why restraints of this kind should be evaluated under the rule of reason. While competition is more likely to be undercut under the agency model, relative to the wholesale model, the agency model benefits consumers by offering relatively lower retail prices and greater demand
Intellectual Property Rights and the WTO: Innovation Dynamics, Commercial Copyrights and International Governance
International Price Dispersion and Market Segmentation in Japan and the United States: Theory and Empirics
Ethics and the choice of animal advocacy campaigns
This paper examines how different ethical positions view various types of animal advocacy campaigns concerning a product made using animals as an input. The ethical positions represent common company, society, and animal advocate viewpoints. We adopt an industrial economics approach, modelling a market with a monopolistic supplier and subject to consumer-oriented, technological, collaborative, and direct action campaigns. We determine whether the ethical positions support or oppose each campaign, and in what conditions. We find that animal welfare and rights goals are simultaneously satisfied by three campaigns: negotiation, targeted direct action, and awareness raising that condemns low welfare standards
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