Blar i Centre for Research in Economics and Management (CREAM) på emneord "efficiency"

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    • Competition with local network externalities 

      Fjeldstad, Øystein D.; Riis, Christian; Moen, Espen R. (CREAM Publications;10/2010, Working paper, 2010)
      Local network externalities are present when the utility of buying from a firm not only depends on the number of other customers (global network externalities), but also on their identity and / or characteristics. We ...

    • Efficient Exclusion 

      Riis, Christian; Moen, Espen R. (CREAM Publications; 9/2010, Working paper, 2010)
      In their influential paper, Aghion and Bolton (1987) argue that a buyer and a seller may agree on high liquidation damages in order to extract rents from future suppliers. As this may distort future trade, it may be socially ...