Local Search Markets and External Competition (19-13)
Increased competition tends to benefit all buyers with increasing product variety and decreasing prices. However, if local and external market channels compete for the same class of products, increased competition from the external market crowds out local variety. Under local monopoly, local buyer surplus co-moves with external buyer surplus. Under local free entry oligopoly, buyer surplus is U-shaped. If buyer surplus in the external market is low, local surplus is better provided by local oligopoly, but moves against external surplus; if it is high, local and external surplus co-move, and local surplus is better provided by local monopoly.
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FNRS.awards : Baptiste Souillard, Winner of the McKinsey & Company Scientific Award
Baptiste Souillard, postdoctoral researcher at the ULB and former FNRS aspirant, was awarded the McKinsey & Company Scientific Prize for his doctoral thesis in social, economic and management sciences, entitled: “Essays on international trade and corporate tax optimization”.“Very honored to receive this interdisciplinary research award, and very happy that tax optimization has finally become a …
Dimitri KONEN won the Antonella Karlson Prize 2023
Dimitri KONEN, FNRS candidate at ULB, has been awarded the Antonella Karlson Prize 2023 for his doctoral thesis in the field of mathematics.“I am very pleased to be the recipient of the Antonella Karlson Prize for my research in mathematical statistics. As a young researcher, obtaining recognition for thesis work is very encouraging and motivating …
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Mathias Dewatripont has been awarded the title of Foreign Honorary Member of the American Economic Association
The Foreign Honorary Members award is presented to foreign economists of distinction. Honorees are elected by the American Economic Association’s Executive Committee upon recommendation from the Honors and Awards Committee. American Economic Association (aeaweb.org)