References of "Irmen, Andreas 50002026"
     in
Bookmark and Share    
Full Text
Peer Reviewed
See detailAttribute dependence and the provision of quality
Degryse, Hans; Irmen, Andreas UL

in Regional Science & Urban Economics (2001), 31(5), 547-569

A quality improvement often necessitates modifications of varietal product features. This paper studies firms’ incentives to provide quality when this decision affects the goods’ degree of horizontal ... [more ▼]

A quality improvement often necessitates modifications of varietal product features. This paper studies firms’ incentives to provide quality when this decision affects the goods’ degree of horizontal differentiation. Intuitively, one is inclined to argue that private incentives to provide quality are insufficient relative to the social optimum if a quality improvement reduces horizontal differentiation. We find that this argument depends on whether the game is simultaneous or sequential. In the former case private incentives prove excessive relative to the social optimum, and in the latter case, insufficient. As a result, a regulator might want to impose either minimum or maximum quality standards.<P>(This abstract was borrowed from another version of this item.) [less ▲]

Detailed reference viewed: 93 (0 UL)
Full Text
See detailWage Growth, Productivity Growth, and the Evolution of Employment
Hellwig, Martin F.; Irmen, Andreas UL

Report (2001)

This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire ... [more ▼]

This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire levels, we obtain steady-state equilibria in which productivity grows at the same rate as wages, the real interest rate is below the laissez-faire level, and so is the common growth rate of consumption, demand, and output. In these steady-state equilibria employment contracts at a constant rate equal to the difference between the growth rates of productivity and output. This contrasts with the view that equality of wage growth and productivity growth is a condition for constant employment. [less ▲]

Detailed reference viewed: 52 (1 UL)
Full Text
Peer Reviewed
See detailEndogenous Technical Change in a Competitive Economy
Hellwig, Martin; Irmen, Andreas UL

in Journal of Economic Theory (2001), 101(1), 1-39

We develop a model of endogenous growth in an economy with competitive markets. Technical change arises from the intentional actions of entrepreneurs looking for profits. Opportunities for such profits ... [more ▼]

We develop a model of endogenous growth in an economy with competitive markets. Technical change arises from the intentional actions of entrepreneurs looking for profits. Opportunities for such profits stem from inframarginal rents. This provides a counterexample to the widespread view that endogenous technical change is possible only if innovating firms can expect to reap monopoly or oligopoly rents. The model has a unique equilibrium, which involves steady growth at a positive rate. Equilibrium growth is inefficiently low because knowledge spillover effects are neglected. The inefficiency can be eliminated by an interest rate subsidy.<P>(This abstract was borrowed from another version of this item.) [less ▲]

Detailed reference viewed: 125 (3 UL)
Full Text
See detailWage Growth, Productivity Growth, and the Evolution of Employment
Hellwig, Martin F.; Irmen, Andreas UL

Report (2001)

This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire ... [more ▼]

This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire levels, we obtain steady-state equilibria in which productivity grows at the same rate as wages, the real interest rate is below the laissez-faire level, and so is the common growth rate of consumption, demand, and output. In these steady-state equilibria employment contracts at a constant rate equal to the difference between the growth rates of productivity and output. This contrasts with the view that equality of wage growth and productivity growth is a condition for constant employment. [less ▲]

Detailed reference viewed: 53 (0 UL)
Full Text
See detailTrade Union Objectives and Economic Growth
Irmen, Andreas UL; Wigger, Berthold

Report (2001)

A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers ... [more ▼]

A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers' marginal propensity to save exceeds the one of capitalists. We make this point in an overlapping generations framework with unionized labor. Considering a monopoly union which cares for wages and employment, we determine a range of trade union objectives and characterize the aggregate technology so that the union's policy spurs per capita income growth and increases welfare of all generations that adhere to the union. [less ▲]

Detailed reference viewed: 74 (1 UL)
Full Text
Peer Reviewed
See detailOn the incentives to provide fuel-efficient automobiles
Degryse, Hans; Irmen, Andreas UL

in Journal of Economics (2001), 73(2), 149-165

We argue that the provision of more fuel-efficient cars necessitates specific aerodynamic shapes. We show that the presence of this technological constraint may reduce the incentives to provide fuel ... [more ▼]

We argue that the provision of more fuel-efficient cars necessitates specific aerodynamic shapes. We show that the presence of this technological constraint may reduce the incentives to provide fuel efficiency. In equilibrium, cars become more similar and aerodynamic as fuel prices increase. However, the provided level of fuel efficiency falls short of the social optimal one such that a fuel-economy standard is welfare-enhancing.<P>(This abstract was borrowed from another version of this item.) [less ▲]

Detailed reference viewed: 84 (1 UL)
Full Text
Peer Reviewed
See detailPrecommitment in Competing Vertical Chains
Irmen, Andreas UL

in Journal of Economic Surveys (1998), 12(4), 333-59

The design of distribution channels is an important marketing decision since a revision implies costly reorganization. Hence, it makes sense to study strategic motives of alternative distribution devices ... [more ▼]

The design of distribution channels is an important marketing decision since a revision implies costly reorganization. Hence, it makes sense to study strategic motives of alternative distribution devices. A precommitment is a strategic move that affects the other players' expectations on how oneself will behave and thus induces them to choose in one's own favor (Schelling, 1960). How these tactics can be used by firms to favorably influence competition between vertical chains is the topic of the literature reviewed in this survey. Copyright 1998 by Blackwell Publishers Ltd [less ▲]

Detailed reference viewed: 75 (0 UL)
Full Text
Peer Reviewed
See detailCompetition in Multi-characteristics Spaces: Hotelling Was Almost Right
Irmen, Andreas UL; Thisse, Jacques-Francois

in Journal of Economic Theory (1998), 78(1), 76-102

Lancasterian models of product differentiation typically assume a one-dimension characteristics space. We show that standard results on prices and locations no longer hold when firms compete in a multi ... [more ▼]

Lancasterian models of product differentiation typically assume a one-dimension characteristics space. We show that standard results on prices and locations no longer hold when firms compete in a multi- characteistics space. [less ▲]

Detailed reference viewed: 120 (1 UL)
Full Text
Peer Reviewed
See detailMark-up pricing and bilateral monopoly
Irmen, Andreas UL

in Economics Letters (1997), 54(2), 179-184

It is an empirically established fact that managers use cost based percentage margins when they price their goods. As a consequence, percentage mark-ups should be determined as equilibrium choices. This ... [more ▼]

It is an empirically established fact that managers use cost based percentage margins when they price their goods. As a consequence, percentage mark-ups should be determined as equilibrium choices. This paper incorporates this empirical observation into the analysis of competition among bilateral monopolists. [less ▲]

Detailed reference viewed: 111 (0 UL)
Full Text
Peer Reviewed
See detailNote on duopolistic vertical restraints
Irmen, Andreas UL

in European Economic Review (1997), 41(8), 1559-1567

No abstract is available for this item.

Detailed reference viewed: 90 (1 UL)