Search results for "competition"
showing 10 items of 1409 documents
Stackelberg Equilibrium with Many Leaders and Followers. The Case of Setup Costs
2016
I provide conditions that guarantee that a Stackelberg game with a setup cost and an integer number of leaders and followers has an equilibrium in pure strategies. The main feature of the game is that when the marginal follower leaves the market the price jumps up, so that a leader’s payoff is neither continuous nor quasiconcave. To show existence I check that a leader’s value function satisfies the following single crossing condition: When the other leaders produce more the leader never accommodates entry of more followers. If demand is strictly logconcave, and if marginal costs are both non decreasing and not flatter than average costs, then a Stackelberg equilibrium exists. Besides showi…
What Drives the Microfinance Lending Rate?
2012
Is the microfinance institution (MFI) able to charge unduly high lending rates and obtain a profitability incompatible with perfect competition? We use a global panel data set of MFIs. The Panzar and Rosse revenue test in static and dynamic versions is employed, together with analyses of price (the lending rate) and return on assets. We control for microfinance specific variables such as average loan and institutional background variables, and also perform estimations in sub-samples of ownership types, regulation, and founder type. We find that the average MFI does not enjoy monopoly market power in its market, but cannot reject that perfect competition or monopolistic competition are bette…
Changes in Transport and Non Transport Costs: Local vs. Global Impacts in a Spatial Network
2007
We develop a multi-country Dixit-Stiglitz trade model and analyze how industry location and welfare respond to changes in: (i) transport frictions (e.g., infrastructure, transportation technology); and (ii) non-transport frictions (e.g., tariffs, standards and regulations). We show that changes in non-transport frictions, which are usually origin-destination specific, do not allow for any clear prediction as to changes in industry location and welfare; whereas changes in transport frictions, which are usually not origin-destination specific, may allow for such predictions. In particular, we show that reductions in transport frictions occurring at links around which the spatial network is lo…
Strategic behavior and partial cost sharing
2003
Abstract The main objects here are games in which players mainly compete but nonetheless collaborate on some subsidiary activities. Play assumes a two-stage nature in that first-stage moves presume coordination of some subsequent tasks. Specifically, we consider instances where second-stage coordination amounts to partial cost sharing, anticipated and sustained as a core solution. Examples include regional Cournot oligopolies with joint transportation. We define and characterize equilibria, and inquire about their existence.
Does complexity explain the structure of trade?
2013
This paper analyzes whether complexity, measured by the number of skilled tasks that are performed in production, explains countries commodity trade structure. We modify the Romalis ( ) model to incorporate advantage differences in complexity across commodities together with differences in the number of mistakes made by workers in the production process in developed and developing countries as a source of comparative advantage. Our model predicts that the share of developed countries in world trade increases with products complexity. Empirical tests confirm this prediction. Moreover, we find that complexity complements the explanation provided by skillintensity on countries commodity trade …
Mixture and Distribution of Different Water Qualities: An Experiment on Alternative Scenarios Concerning Vertical Structure in a Complex Market
2001
We set up a model of water management, which is inspired by the possibility of mixing water of different qualities. Water is supplied to two types of consumers with different preferences for water quality and quantity. A distributional knot may exist which optimally distributes the supplied water in the downstream market. Different scenarios compare experimentally the advantages of a centralized versus a decentralized resource management. We conducted experiments with 14 markets in three different settings, labelled as "upstream monopoly", "upstream duopoly" and "duopoly-monopsony". We find that a two-product monopoly performs better than the duopoly regarding social welfare and volatility …
Fingerprint image enhancement using directional morphological filter
2005
Fingerprint images quality enhancement is a topic phase to ensure good performance in an automatic fingerprint identification system (AFIS) based on minutiae matching. In this paper a new fingerprint enhancement algorithm based on morphological filter is introduced. The algorithm is based on three steps: directional decomposition, morphological filter and composition. The performance of the proposed approach has been evaluated on two sets of images: the first one is DB3 database from Fingerprint Verification Competition (FVC) and the second one is self collected using an optical scanner
An Advanced Technique for User Identification Using Partial Fingerprint
2013
User identification is a very interesting and complex task. Invasive biometrics is based on traits uniqueness and immutability over time. In forensic field, fingerprints have always been considered an essential element for personal recognition. The traditional issue is focused on full fingerprint images matching. In this paper an advanced technique for personal recognition based on partial fingerprint is proposed. This system is based on fingerprint local analysis and micro-features, endpoints and bifurcations, extraction. The proposed approach starts from minutiae extraction from a partial fingerprint image and ends with the final matching score between fingerprint pairs. The computation o…
Different Scales of Spatial Segregation of Two Species of Feather Mites on the Wings of a Passerine Bird
2011
The "condition-specific competition hypothesis" proposes that coexistence of 2 species is possible when spatial or temporal variations in environmental conditions exist and each species responds differently to those conditions. The distribution of different species of feather mites on their hosts is known to be affected by intrinsic host factors such as structure of feathers and friction among feathers during flight, but there is also evidence that external factors such as humidity and temperature can affect mite distribution. Some feather mites have the capacity to move through the plumage rather rapidly, and within-host variation in intensity of sunlight could be one of the cues involved …
Signals of demographic expansion in Drosophila virilis
2008
Background. The pattern of genetic variation within and among populations of a species is strongly affected by its phylogeographic history. Analyses based on putatively neutral markers provide data from which past events, such as population expansions and colonizations, can be inferred. Drosophila virilis is a cosmopolitan species belonging to the virilis group, where divergence times between different phylads go back to the early Miocene. We analysed mitochondrial DNA sequence variation among 35 Drosophila virilis strains covering the species' range in order to detect demographic events that could be used to understand the present characteristics of the species, as well as its differences …