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Evaluating the Impact of Online Market Integration- Evidence from the EU Portable PC Market KU Leuven
Evaluating the Impact of Online Market Integration - Evidence form the EU Portable PC Market KU Leuven
We develop a framework to evaluate the impact of market integration, accounting for spillovers between multiple distribution channels. Our adaptation of the standard random coefficients logit demand model allows for substitution between distribution channels and incorporates consumer arbitrage across countries. We apply our framework to the European portable PC market, where geo-blocking practices that restrict online trade have recently been ...
Are Online Markets More Integrated than Traditional Markets? Evidence from Consumer Electronics KU Leuven
Did the Internet make international markets more integrated? To address this question, we study long-term international price differences and their speed of convergence, based on a unique data base for identical goods sold in both online and traditional "brick-and-mortar'' distribution channels, covering ten European countries. We find that long-term international price differences are closely comparable between both distribution channels. ...
Introduction to the special issue on advances in the analysis of competition policy and regulation KU Leuven
Subsidies and time discounting in technology adoption: evidence from solar photovoltaic systems KU Leuven
© 2019 American Economic Association. All rights reserved. We study a generous program to promote the adoption of solar photovoltaic (PV) systems through subsidies on future electricity production, rather than through upfront investment subsidies. We develop a tractable dynamic model of new technology adoption, also accounting for local market heterogeneity. We identify the discount factor from demand responses to variation that shifts expected ...
Enrollment and degree completion in higher education without admission standards KU Leuven
© 2018 Elsevier Ltd Many countries organize their higher education system with limited or no ex ante admission standards. They instead rely more heavily on an ex post selection mechanism, based on the students’ performance during higher education. We analyze how a system of ex post selection affects initial enrollment and final degree completion, using a rich dataset for Belgium (region of Flanders). We develop a dynamic discrete choice model of ...
Consumer valuation of fuel costs and tax policy: Evidence from the european car market KU Leuven
© 2018 American Economic Association. To what extent do car buyers undervalue future fuel costs, and what does this imply for tax policy? To address both questions, we show it is crucial to account for consumer mileage heterogeneity. We use product-level data for a panel of European countries and exploit fuel cost variation by engine. Despite a modest undervaluation of fuel costs, fuel taxes are more effective in reducing fuel usage than product ...
Evaluating market consolidation in mobile telecommunications KU Leuven
© CEPR, CESifo, Sciences Po, 2018. We study the dual relationship between market structure and prices and between market structure and investment in mobile telecommunications. Using a uniquely constructed panel of mobile operators' prices and accounting information across 33 OECD countries between 2002 and 2014, we document that more concentrated markets lead to higher end user prices. Furthermore, they also lead to higher investment per mobile ...