Academic and policy circles have longed been concerned with how product market rivalry affects firm investment in innovation. This projects aims to revisit this issue by looking at wide impacts on innovative policies of firms, stemming from one particular change in the degree of competition – an exogenous shock to the costs of price-fixing collusion.
Funding Results of CEP Small Research Grants are out. 5 grants were awarded to researches conducted related to two programs, namely Development Economics Action Research (DEAR) Program and the Antitrust and Competition Policy Program
This project compares the private incentives and social welfare of these two business models by highlighting the differences in move order and price structure.
Minimum resale price maintenance (RPM) is a vertical contract between manufacturers and retailers that requires the retailers sell the manufacturers’ products at or above a price floor set by the manufacturers. To facilitate rule-of-reason-based antitrust policy toward RPM, the research project aims to develop an empirical model to quantify one of the potential pro-competitive effects of RPM, inline with Deneckere et al.(1996,1997)’s theory. The model will then be applied to the data from Japanese publishing industry, in which RPM is allowed as a special exemption.
The goal of this project is to lay the groundwork for a planned experimental intervention that could facilitate successful savings.
With the lowest industrialization level in the world, Africa has been facing severe energy limitations. Recently, the belt and road initiative, the most prominent global development program, attempts to tackle these issues by providing efficient energy infrastructure to the recipient countries. However, the BRI's reliance on non-renewable energy sources, such as coal, arouses widespread concern related to pollution.