Roman Inderst
Dados Biográficos
| ID | 5732741 |
|---|---|
| NOME | Roman Inderst |
| PRENOMES | Roman |
| SOBRENOME | Inderst |
| ASSINATURA | INDERST R |
| AFILIAÇÕES | London School of Economics and Political Science |
| ORCID | 0000-0002-1076-9927 |
| VERIFICADO | Sim |
| TOTAL DE OBRAS | 5 |
| TOTAL DE CITAÇÕES | 11 |
| TOTAL COMO AUTOR | 5 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 2002 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2017 |
| ÍNDICE H | 2 |
Taxing Externalities Under Financing Constraints
We consider an economy where production generates externalities, which can be reduced by additional firm level expenditures. This requires firms to raise outside financing, leading to deadweight loss due to a standard agency problem vis-à-vis outside investors. Policy is constrained as firms are privately informed about their marginal cost of avoiding externalities. We first derive the optimal linear pollution tax, which is strictly lower than th…
Consumer Protection and the Role of Advice in the Market for Retail Financial Services
This paper offers a review of key stylized facts of the market for retail financial services. Financial advice plays a key role in this market. The paper then discusses the relevant academic literature and, in particular, recent contributions that deal with the role of advice in this market. Various policy options are discussed as well. (JEL: D1)
Irresponsible Lending’ with a Better Informed Lender
We present a simple model of personal finance in which an incumbent lender has an information advantage "vis-à-vis" both potential competitors and households. In order to extract more consumer surplus, a lender with sufficient market power may engage in 'irresponsible' lending, approving credit even if this is knowingly against a household's best interest. Unless rival lenders are equally well informed, competition may reduce welfare. This holds,…
Retail Mergers, Buyer Power and Product Variety
This article analyses the impact of retail mergers on product variety. We show that, following a merger, a retailer may want to enhance its buyer power by committing to a 'single-sourcing' purchasing strategy. Anticipating further concentration in the retail industry, suppliers will strategically choose to produce less differentiated products, which further reduces product variety. If negotiations are efficient, the overall loss in product variet…
Bargaining Theory with Applications
Retail Mergers, Buyer Power and Product Variety
This article analyses the impact of retail mergers on product variety. We show that, following a merger, a retailer may want to enhance its buyer power by committing to a 'single-sourcing' purchasing strategy. Anticipating further concentration in the retail industry, suppliers will strategically choose to produce less differentiated products, which further reduces product variety. If negotiations are efficient, the overall loss in product variet…
Bargaining Theory with Applications
Irresponsible Lending’ with a Better Informed Lender
We present a simple model of personal finance in which an incumbent lender has an information advantage "vis-à-vis" both potential competitors and households. In order to extract more consumer surplus, a lender with sufficient market power may engage in 'irresponsible' lending, approving credit even if this is knowingly against a household's best interest. Unless rival lenders are equally well informed, competition may reduce welfare. This holds,…
Bargaining Theory with Applications
Retail Mergers, Buyer Power and Product Variety
This article analyses the impact of retail mergers on product variety. We show that, following a merger, a retailer may want to enhance its buyer power by committing to a 'single-sourcing' purchasing strategy. Anticipating further concentration in the retail industry, suppliers will strategically choose to produce less differentiated products, which further reduces product variety. If negotiations are efficient, the overall loss in product variet…
Irresponsible Lending’ with a Better Informed Lender
We present a simple model of personal finance in which an incumbent lender has an information advantage "vis-à-vis" both potential competitors and households. In order to extract more consumer surplus, a lender with sufficient market power may engage in 'irresponsible' lending, approving credit even if this is knowingly against a household's best interest. Unless rival lenders are equally well informed, competition may reduce welfare. This holds,…
Consumer Protection and the Role of Advice in the Market for Retail Financial Services
This paper offers a review of key stylized facts of the market for retail financial services. Financial advice plays a key role in this market. The paper then discusses the relevant academic literature and, in particular, recent contributions that deal with the role of advice in this market. Various policy options are discussed as well. (JEL: D1)
Taxing Externalities Under Financing Constraints
We consider an economy where production generates externalities, which can be reduced by additional firm level expenditures. This requires firms to raise outside financing, leading to deadweight loss due to a standard agency problem vis-à-vis outside investors. Policy is constrained as firms are privately informed about their marginal cost of avoiding externalities. We first derive the optimal linear pollution tax, which is strictly lower than th…
Economics (3 obras) · Business (2 obras) · Commerce (2 obras) · Digital Platforms and Economics (2 obras) · Finance (2 obras) · Industrial organization (2 obras) · Marketing (2 obras) · Merger and Competition Analysis (2 obras) · Microeconomics (2 obras) · Advice (programming) (1 obras)